Congressional Budget Office Cost Estimate: S. 2875, Cyber Incident Reporting Act of 2021   [open pdf - 255KB]

This is the Congressional Budget Office (CBO) Cost Estimate as ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on October 6, 2021. From the Document: "S. 2875 would require operators of critical infrastructure (such as utilities providers) to report to the federal government about cyber attacks on their systems and about ransom payments they make to hackers. The bill would establish an office under the Cybersecurity and Infrastructure Security Agency (CISA) to receive and analyze such reports and to inform those operators of the new reporting requirements. The bill also would authorize CISA to fine critical infrastructure operators that fail to report cyber incidents. S. 2875 also would expand CISA's authority to share information about threats of ransomware attacks with federal agencies and nonfederal entities. Ransomware attacks are attacks on information technology systems to extort a ransom payment from victims. In the rare instances when CISA would not be able to identify the owners of computers or devices that are vulnerable to ransomware threats, the bill would authorize the agency to compel Internet service providers (ISPs) to disclose the identity of owners of such technology."

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