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Commerce Dept. Recommends Public-Private Partnership on Cybersecurity

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June 9, 2011
Cyber Security, FedCyber Wire
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via Broadband Breakfast

WASHINGTON, June 9, 2011 — The Department of Commerce released its Cybersecurity, Innovation and the Internet Economy green paper on Wednesday, advising cooperation between the government and private sector to implement ways to address cybersecurity issues.

The Internet Policy Taskforce, a department-wide group created in April 2010, wrote the green paper with the goal of addressing the pressing issues surrounding cyber security.

Global online transactions have grown annually and currently account for $10 trillion in global trade. There has also been an increase in malware; between January 2009 and December 2010 the number of malware attacks doubled. In 2010, there were 55,000 new viruses, worms, and spyware threats.

“Our economy depends on the ability of companies to provide trusted, secure services online. As new cybersecurity threats evolve, it’s critical that we develop policies that better protect businesses and their customers to ensure the Internet remains an engine for economic growth,” said Commerce Secretary Gary Locke in a statement.

The green paper suggests that the government should support the creation of national code of conduct to deal with cybersecurity vulnerabilities. The new code of conduct should be created through a public-private collaboration rather than governmental edict. In addition to a code of conduct, the government hopes that industry will develop a set of standards which can be universally adopted.

“By increasing the adoption of standards and best practices, we are working with the private sector to promote innovation and business growth, while at the same time better protecting companies and consumers from hackers and cyber theft,” said Locke.

Continued here.