A previous blog discussed the real and growing threat of cybercrime for businesses, particularly small businesses. So, a logical question may be what is being done about it, not just by individual businesses, but by our policy makers. Given the breadth of the threat and economic damage wrought by attacks, clearly it is in the interest of both government and business to thwart cybercrime and protect their systems.
Dating back to the Clinton Administration, the Federal government has encouraged information sharing between the public and private sectors to more quickly identify and respond to cyberthreats. However, despite these efforts to facilitate cooperation, hurdles in the form of legal liability, IP protection, antitrust violations and privacy concerns have hindered participation.