Nathan Fisher, managing director at StoneTurn, has emphasized the need for the Committee on Foreign Investment in the United States to strike a balance between enabling economic growth and protecting national security interests, particularly with regard to sensitive data.
In an opinion piece published in the Global Banking & Finance Review website, he suggests that this balance can be achieved through greater collaboration with the private sector, government agencies like the Department of Homeland Security and the Cybersecurity and Infrastructure Security Agency, and technology experts.
By providing clearer guidelines, establishing data governance standards and mandating technical controls, CFIUS can better protect sensitive data while fostering economic development and innovation.
“DHS and CISA can best represent CFIUS in this collaborative effort by offering guidance to the public and private sectors on appropriate information security standards, suitable for protecting corporate and national security interests alike,” Fisher writes. “Steps taken now to clarify and strengthen will reinforce tomorrow’s national security posture.”
