The Lazy Genius

Security News & Brain Dumps from Xavier Ashe, a Bit9 Client Partner

Tax breaks for cybersecurity firms?

Posted by Xavier Ashe on September 28, 2005

Congress may offer tax breaks to companies that adopt good
cybersecurity standards, the chairman of a House of Representatives
subcommittee said Tuesday.

Lungren said the U.S. House of Representatives cybersecurity
subcommittee, which he chairs, is working on crafting an “overall view
of ways we can work with the private sector” to develop cybersecurity
tools, including the possibility of creating an incentive-based system.

Lawmakers also plan to address liability concerns, he said, as they
want to allow companies to take some risks in coming up with new
cybersecurity tools without having to worry about being sued if they
fall short.

Read the full article on C|Net News.com.  This would be very interesting if it came to light.

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