Last week, companies around the US were given a new set of voluntary standards that, if they choose to adopt them, will help them increase cybersecurity without having to formally adhere to red-tape laden regulations.
The plan was put in place by the National Institute of Standards and Technology (NIST), which said it hopes the framework will encourage companies involved with the country’s critical infrastructure to adopt the standards. These include banks, financial services firms and electric and water utilities.
For years, many of these companies have stated that enforced cybersecurity standards would only get in the way. By making the standards voluntary, NIST says firms will be much more likely to increase their cybersecurity efforts.