Home > Cybersecurity News > CEOs Call for Increased Public-Private Cyber Collaboration

CEOs Call for Increased Public-Private Cyber Collaboration

Monday, January 14, 2013 | 8:06 AM Leave a comment Go to comments

The key to effective cybersecurity is information sharing, according to a new report from a coalition of some of America’s top CEOs.

The report, which provides nearly 30 pages of strategy on “more intelligent, more effective cybersecurity protection,” was published Wednesday by the Business Roundtable (BRT), an association of chief executive officers of leading U.S. companies, including Boeing, Dow, MasterCard and P&G.

Asserting that a deeper level of public-private sector collaboration is needed to defend against emerging cyber threats, the BRT report offers up a cross-sector approach for increased information sharing and threat-informed risk management. 

“To keep pace with evolving cybersecurity threats, the public and private sectors must leverage and retool current legal and policy constructs,” the roundtable stated in the report.

Renewing their support for the Cyber Intelligence Sharing and Protection Act (CISPA), which passed the House in April 2012, the BRT said the bill is “a positive first step toward establishing the real-time information sharing that is required for the public and private sectors to address cybersecurity risks.”

But until CISPA is revisited on the Hill, the roundtable’s report intends to provide Congress and the Obama administration with recommendations for policy on enhanced information sharing, including: strong liability protections for private companies that share information with the government, exemptions under the Freedom of Information Act for the release of information, and guidance on antitrust regulations.

The report additionally calls for new law enforcement capabilities to seek out and prosecute cyber criminals and increased investments in research and development to improve cybersecurity capabilities as threats evolve.

“Safeguarding America’s strategic information systems, most of which are privately owned and operated, is a top priority for U.S. business,” Ajay Banga, president and CEO of MasterCard Worldwide and chairman of the Business Roundtable’s Information and Technology Committee, said in a statement regarding the report. “But, to counter growing threats, we need intelligence and tools from government that only government can provide.”

“The robust, two-way exchange of information, supported by appropriate legal and privacy protections, will improve public-private risk management, and ultimately, improve the security of the nation’s cyber assets,” Banga added.

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Following are some additional cyber headlines you may have missed:

FEDERAL NEWS:

DARPA hardens cloud computing against cyber attack (AOL)

Defense Dept law aims to preempt software supply chain attacks (NextGov)

Cybersecurity issues remain unresolved at Commerce agencies, say auditors (FierceGovernmentIT)

INDUSTRY OVERVIEW:

KCG wins GSA cyber services contract (ExecutiveBiz)

Northrop Grumman names cybersecurity executive (Virginia Business)

Global cybersecurity market in 2013 will reach $68.34B (Press Release)

Rand Corp says Navy must hasten cyber defense acquisitions (FierceGovernmentIT)

INTERNATIONAL  OUTLOOK:

UK must focus on defense cybersecurity, lawmakers say (Bloomberg)

EU cybersecurity agency lists top emerging technology threats (Business Insurance)

HACKING HIGHLIGHTS:

Hacker, activist Aaron Swartz commits suicide (ZDNet)

Brazil hacker exposes corrupt politicians’ addresses (BBC)

Algerian ‘bank hacker’ wanted by FBI held in Thailand (BBC)

Hacker finds way to run desktop applications on Windows RT (ITWorld)

Japanese hacker continues to taunt police with clue strapped to cat (Wired)

Romanian hacker gets 21-month sentence for breaching Subway’s system (Wired)

CYBER INSIGHTS:

88% of businesses think they’re safe from cyber attack (Infosecurity Magazine)

Businesses overconfident about cyber security, says Deloitte (ComputerWeekly)

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This report is also available on ClearanceJobs.com at: http://www.clearancejobs.com/defense-news/1060/cybersecurity-news-round-up-ceos-call-for-increased-public-private-cyber-collaboration

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