Legislative Bill 23 aims to enhance data privacy protections in Nebraska by defining key terms related to cybersecurity and establishing liability exemptions for private entities. The bill introduces definitions for terms such as "cybersecurity event," "information system," "nonpublic information," "private entity," and "publicly available information." These definitions clarify the scope of the legislation and the types of information and entities it addresses, ensuring a comprehensive understanding of data privacy issues.

Additionally, the bill stipulates that a private entity will not be held liable in a class action lawsuit resulting from a cybersecurity event unless it can be proven that the event was caused by the entity's willful, wanton, or gross negligence. This provision aims to protect private entities from excessive liability while encouraging them to maintain robust cybersecurity measures. Overall, the bill seeks to balance the need for data privacy with the operational realities faced by private organizations.