Corporate Cybersecurity Bill Tabled After Vendor Pressure.

Reports on the retreat of U.S. Representative Adam Putnam (R-Fla.) from the Corporate Information Security Accountability Act of 2003, that would have required companies to conduct independent security audits. Reason behind Putnam's retreat; Reasons of the computer security vendor community for opposing the legislation; Doubts about the wisdom of reporting security information to the Securities and Exchange Commission.