Information security: cybersecurity: economic impact study.
The legislation's impact on state laws includes a more structured approach to understanding the cybersecurity industry's role. The study, which must be submitted to the Legislature, is intended to guide future policies and actions that could promote growth within the sector. By requiring data on employment difficulties and the industry’s economic footprint, the bill seeks to inform stakeholders about the needs and opportunities present in California's rapidly evolving cybersecurity landscape. The study must be completed by July 1, 2018, with provisions set to repeal by January 1, 2022.
Assembly Bill 364, introduced by Assembly Member Chau, focuses on evaluating the economic impact of California's cybersecurity industry. The bill mandates the Governor's Office of Business and Economic Development to commission a comprehensive study that assesses various aspects of the cybersecurity sector. This includes defining the industry, identifying key companies, and analyzing employment data, salary information, and the industry's contribution to the state's economy. The findings of this study are expected to provide recommendations aimed at enhancing the economic and workforce development of California's cybersecurity industry.
The sentiment surrounding AB 364 appears to be supportive, as it aims to foster the growth of a crucial sector of California's economy. Supporters likely view the bill as a proactive step towards ensuring the state can effectively capitalize on cybersecurity needs and position itself favorably in this competitive industry. Overall, the bill represents a recognition of the importance of cybersecurity in modern economic strategies and development.
Notably, there may be concerns regarding the study's scope and the potential implications of its recommendations. Critics could argue that focusing on the cybersecurity industry needs to be comprehensive enough to address the varying challenges faced by companies in this field, such as hiring skilled workers and maintaining a competitive edge. If the resulting recommendations do not adequately support the diverse needs of the sector, there could be pushback regarding the efficacy of such oversight by the state.