BOSS and SWIFT ACT of 2023

Bill 118 HR 3660, also known as the BOSS and SWIFT Act of 2023, is a piece of legislation introduced in the US Congress. The purpose of this bill is to address issues related to cybersecurity and national security.

The BOSS and SWIFT Act of 2023 aims to enhance the security of critical infrastructure, particularly in the financial sector. The bill proposes measures to strengthen the cybersecurity defenses of banks and other financial institutions, as well as improve coordination between government agencies and private sector entities in responding to cyber threats.

Specifically, the bill calls for the establishment of a new program called the Secure Wireless Infrastructure for Tomorrow (SWIFT) program. This program would provide funding and resources to help financial institutions upgrade their wireless networks and implement stronger security measures to protect against cyber attacks. Additionally, the bill includes provisions to enhance information sharing between government agencies and private sector organizations, as well as improve the training and education of cybersecurity professionals. The goal is to create a more robust and resilient cybersecurity ecosystem that can better defend against evolving threats. Overall, the BOSS and SWIFT Act of 2023 is aimed at bolstering the cybersecurity defenses of the financial sector and enhancing national security. It represents a bipartisan effort to address the growing threat of cyber attacks and protect critical infrastructure from potential harm.