The 21st century will be marked by cybersecurity issues, and how the country addresses those problems could make or break the fabric of our society, Obama and panelists from U.S. companies who took part in the summit said.
President Barack Obama signed an executive order at a Stanford University summit encouraging the private sector to share cybersecurity threat information with other companies and the U.S. government.
Since the first computer virus in the 1980s, the world has been in a cyber arms race, Obama said. The need to keep up with — and surpass — the threats posed by attackers is constantly evolving, he added.
“It is one of the great paradoxes of our time that the very technologies that empower us can also be used to undermine us,” he said.
The cyber threats “pose one of the most serious economic challenges that we face,” he added.
The nation’s power grids and critical financial, health and air traffic control systems are all run on systems connected to the Internet and create levels of vulnerability never seen before, Obama said.
The executive order advises companies to create information sharing and analysis organizations or “hubs” based on regions, affinities or in response to a particular threat. Companies would share information with each other and with the National Cybersecurity and Communications Integration Center about potential cyber threats.
The order encourages companies to use the National Institute of Standards and Technology cyber security framework, which was approved by Obama through an executive order in February 2013. The framework helps businesses identify their security needs, manage risks and create solutions.
Under the order, the information sharing would be voluntary and includes more government disclosure of classified threat information so that private network operators can more easily protect their systems.