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On February 19, 2014, Venable attorneys and a cybersecurity policy thought-leader gathered to review the recently released NIST Cybersecurity Framework. In a midday webinar, partner and retired Navy Rear Admiral Jamie Barnett, associates Jason Wool and Ariel Wolf and President and CEO of Internet Security Alliance (ISA) Larry Clinton, considered what the reaction from business and other stakeholders will be to this important document. The NIST Cybersecurity Framework is the culmination of a year-long collaboration between owners and operators of critical infrastructure and the federal government to standardize cyber risk management.

In a February 20, 2014 article, Inside Cybersecurity quoted Admiral Barnet and Wool from the webinar on how the new framework could shape private sector liability. According to Admiral Barnett, in coming years there is a possibility “the framework could develop into a jurisprudence that is handled differently in each state.” Wool noted that it “places a greater emphasis on flexibility relative to the preliminary version issued last fall.”