US says cybersecurity sharing not an antitrust issue

Deputy Attorney General James Cole in Washington, DC, on February 26, 2014US officials announced Thursday that companies sharing information about cybersecurity would not face prosecution on antitrust grounds. The news came amid heightened concerns about data breaches and malware that can foil online encryption to allow hackers to steal passwords or other personal data. Officials at the Justice Department and Federal Trade Commission said they issued formal guidance telling companies that there would be no antitrust issues from the sharing of technical information about cyber attacks, malware or similar threats. “And speaking on behalf of everyone here today, this guidance responds to those concerns, lets everyone know that antitrust concerns should not get in the way of sharing cybersecurity information, and signals our continued commitment to expanding the sharing of cybersecurity information.”

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