Companies Must Report Hacks to U.S. Under Proposed Order (1)

Companies doing business with the federal government would be required to report hacks of their computer networks within a few days, according to a draft executive order that the Biden administration is urgently trying to complete, people familiar with the matter said.

President Joe Biden hasn’t yet signed off on the executive actions, which are likely to reach his desk in the next two weeks, one of the people said.

The executive order, when signed, would mandate important cybersecurity improvements, but it also would push basic changes that could deter cyber-attacks in both the government and private sector, according to ...