Security

It will be interesting to see if this in fact helps anything or not. It could in fact hurt.

“Seventy to 80 percent of the user bases for a lot of these companies are the foreigners who get very little protection under our system,” explained Julian Sanchez, a senior fellow focused on technology and civil liberties at the Cato Institute. “If they don’t display some push back, they know they won’t do very well with those markets.”

Traditionally, the fundamental focus of the Enterprise has been to preserve and expand its value through “classic Assets” as reflected on the Balance Sheet. More recently, Information Assets have become an important new source of value, and are increasing at an appreciable rate in almost every industry. Today, these Information Assets are at risk as never before.

President Obama signed an executive order Friday that urges companies to share cybersecurity-threat information with one another and the federal government.

Obama signed the order, which is advisory in nature, at the first White House summit on Cybersecurity and Consumer Protection at Stanford University here. The summit, which focused on public-private partnerships and consumer protection, is part of a recent White House push to focus on cybersecurity.

Obama said the prospect of cyberattacks are one of the nation’s most pressing national security, economic and safety issues. The specter of a cyberattack crippling the nation’s air traffic control system or a city with a blackout is real, and hacks such as the one on Sony Pictures last year are “hurting America’s companies and costing American jobs.” He also said they are a threat to the security and well-being of children who are online.

via Obama signs executive order on sharing cybersecurity threat information – The Washington Post.