Bill Proposes to Incentivize Cybersecurity Innovations With Cash Prizes

[InfoSec News <alerts () infosecnews org>]

https://www.nextgov.com/cybersecurity/2020/05/bill-proposes-incentivize-cybersecurity-innovations-cash-prizes/165452/

By Mariam Baksh
Nextgov.com
May 15, 2020

A bipartisan group of senators proposed a bill that would instruct the Commerce 
Secretary to establish competitions and award prizes for meeting grand 
challenges in cybersecurity.

The Cyber Leap Act of 2020—introduced Wednesday by Senate Commerce Committee 
Chairman Roger Wicker, R-Miss., Sen. Cory Gardner, R-Colo., and Jacky Rosen, 
D-Nev.—would allow Commerce to crowdsource funding for the challenges from 
other federal agencies, state, local and tribal governments as well as private 
sector entities and nonprofits.

The bill is based on a report that executives from firms such as Palo Alto 
Networks put together in 2018 outlining a grandiose plan to make the internet 
safe and secure in 10 years.

The 2018 report spawning the legislation was issued by the President’s National 
Security Telecommunications Advisory Committee. A moonshot 
subcommittee—co-chaired by Mark McLaughlin, chairman of the board for Qualcomm 
and vice chairman of the board at Palo Alto Networks, and Peter Altabef, 
chairman and CEO of Unisys—hoped to inspire Congressional funding levels and a 
national effort similar to those that enabled the U.S. to put men on the moon.

[...]

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