The U.S. House Small Business Committee and the National Highway Traffic Safety Administration recently met with members of the auto industry to discuss cybersecurity.
The group included the Automotive Service Association (ASA), General Motors, and Global Automakers and the Future of Privacy Forum.
The ASA said it was eager to have a place at the negotiating table because the talks will set into motion legislative action and regulations.
The House Small Business Committee is working with the House Energy and Commerce Committee on cybersecurity, and held a hearing on cybersecurity this past March.
“A cyber attack can have serious consequences, not only for small business, but also their customers, employees and business partners,” Rep. Steve Chabot, (R-OH) said. “Sixty percent of small businesses that fall victim to a cyber attack close up shop within six months. A 2014 survey from the National Small Business Association estimated the average cost of a cyber attack on a small business to be over $32,000.”
Maureen Ohlhausen, acting chairwoman of the Federal Trade Commission (FTC), told the committee reasonable security practices are needed to prevent security attacks and the FTC supports data security legislation.