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Government agencies, businesses, and individuals alike have become more dependent on technology, and the desire and need for interconnectedness has led to increasing network vulnerability affecting both government and private sectors. Recognizing both government and private sector agencies individually lack the capabilities to defend against cyber threats, President Obama has called for a more robust and resilient cybersecurity alliance that encourages information-sharing partnerships with private sector owners and operators in charge of protecting U.S. critical infrastructure. Despite the recent drive for cyber legislation and policies, government agencies and private companies have seemed reluctant to share information related to cyber-attacks and threats with one another. To discover the deeper underlying issues that inhibit public-private cooperation, and to evaluate the effectiveness of public-private partnerships (PPPs) to advance cyber information sharing, this thesis examines the banking and finance sector of U.S. critical infrastructure sector. In doing so, it identifies reasons why information-sharing problems exist between government agencies and private companies; investigates how PPPs satisfy national cybersecurity needs; and, in turn, reveals issues for policymakers to consider when shaping policies that encourage an open dialog between the public and private sector.
Exploring the negative social impact of cyber-attacks, this book takes a closer look at the challenges faced by both the public and private sectors of the financial industry. It is widely known amongst senior executives in both sectors that cybercrime poses a real threat, however effective collaboration between individual financial institutions and the public sector into detecting, monitoring and responding to cyber-attacks remains limited. Addressing this problem, the authors present the results from a series of interviews with cybersecurity professionals based in Canada in order to better understand the potential risks and threats that financial institutions are facing in the digital age. Offering policy recommendations for improving cybersecurity protection measures within financial institutions, and enhancing the sharing of information between the public and private sector, this book is a timely and invaluable read for those researching financial services, cybercrime and risk management, as well as finance professionals interested in cybersecurity.
Pervasive and sustained computer-based attacks pose a potentially devastating impact to systems and operations and the critical infrastructures they support. Addressing these threats depends on effective partnerships between the government and private sector owners and operators of critical infrastructure. Federal policy, including the Department of Homeland Securitys (DHS) National Infrastructure Protection Plan, calls for a partnership model that includes public and private councils to coordinate policy and information sharing and analysis centers to gather and disseminate information on threats to physical and cyber-related infrastructure. GAO was asked to determine (1) private sector stakeholders expectations for cyber-related, public-private partnerships and to what extent these expectations are being met and (2) public sector stakeholders expectations for cyber-related, public-private partnerships and to what extent these expectations are being met. To do this, GAO conducted surveys and interviews of public and private sector officials and analyzed relevant policies and other documents.Private sector stakeholders reported that they expect their federal partners to provide usable, timely, and actionable cyber threat information and alerts; access to sensitive or classified information; a secure mechanism for sharing information; security clearances; and a single centralized government cybersecurity organization to coordinate government efforts. However, according to private sector stakeholders, federal partners are not consistently meeting these expectations. For example, less than one-third of private sector respondents reported that they were receiving actionable cyber threat information and alerts to a great or moderate extent. (See table below.) Federal partners are taking steps that may address the key expectations of the private sector, including developing new information-sharing arrangements. However, while the ongoing efforts may address the public sectors ability to meet the private sectors expectations, much work remains to fully implement improved information sharing.Private Sector Expected Services and the Extent to Which They Are MetServicesGreatly or moderately expectedGreatly or moderately receivedTimely and actionable cyber threat information98%27%Timely and actionable cyber alerts96%27%Access to actionable classified or sensitive information (such as intelligence and law enforcement information)87%16%A secure information-sharing mechanism78%21%Source: GAO analysis based on survey data of 56 private sector respondents.Public sector stakeholders reported that they expect the private sector to provide a commitment to execute plans and recommendations, timely and actionable cyber threat information and alerts, and appropriate staff and resources. Four of the five public sector councils that GAO held structured interviews with reported that their respective private sector partners are committed to executing plans and recommendations and providing timely and actionable information. However, public sector council officials stated that improvements could be made to the partnership, including improving private sector sharing of sensitive information. Some private sector stakeholders do not want to share their proprietary information with the federal government for fear of public disclosure and potential loss of market share, among other reasons.Without improvements in meeting private and public sector expectations, the partnerships will remain less than optimal, and there is a risk that owners of critical infrastructure will not have the information necessary to thwart cyber attacks that could have catastrophic effects on our nations cyber-reliant critical infrastructure.
This is the 33rd volume in the Occasional Paper series of the U.S. Air Force Institute for National Security Studies (INSS). This paper, along with Occasional Paper 32, Richard Aldrich's "Cyberterrorism and Computer Crimes: Issues Surrounding the Establishment of an International Legal Regime,"address the context surrounding the question of how the U.S. military responds to the cyber threat facing the American military and society today. The U.S. military has become increasingly dependent upon the nation's information and communications infrastructures. Concurrently, threats to and vulnerabilities in these infrastructures are expanding, in large part due to structural factors not likely to disappear in the future. To prevail against the increasing threat, the military -- and, more broadly, the government -- needs to adopt a risk reduction and management program. A crucial element of this risk management program is information sharing with the private sector. However, substantial barriers threaten to block information exchanges between the government and private sector. These barriers include concerns over release of sensitive material under Freedom of Information Act requests, antitrust actions, protection of business confidential and other private material, possible liability due to shared information, disclosure of classified information, and burdens entailed with cooperating with law enforcement agencies. There is good cause to believe that the government and private sector can overcome these barriers, guided by lessons learned from numerous successful government-private sector information-sharing mechanisms. This analysis concludes with actions the government should undertake to develop an information-sharing mechanism with the private sector. Key among them are actively engaging the private sector from the onset, determining information requirements, and fostering a partnership based on trust.
Executive Summary The National Infrastructure Advisory Council (NIAC) set out to determine whether the right people are receiving the right intelligence information at the right time to support robust protection and resilience of the Nation’s critical infrastructure. More than 200 interviews and extensive open-source research uncovered a wealth of insights on this complex problem. First, there have been marked improvements in the sharing of intelligence information within the Federal Intelligence Community, and between the Federal Government and regions, States, and municipalities. However, this level of improvement has not been matched in the sharing of intelligence information between the Federal Government and private sector owners and operators of critical infrastructure. Despite some notable successes, this bi-directional sharing is still relatively immature, leaving a large gap between current practices and an optimal system of effective public-private intelligence information sharing. We observe that trust is the essential glue to make this public-private system work. Trust results when partner capabilities are understood and valued, processes are tailored to leverage these capabilities, and these processes are tested and proven valuable to all partners. When breakdowns in information sharing occur, it erodes trust and is counterproductive to risk management. Information sharing is perhaps the most important factor in the protection and resilience of critical infrastructure. Information on threats to infrastructure and their likely impact underlies nearly every security decision made by owners and operators, including which assets to protect, how to make operations more resilient, how to plan for potential disasters, when to ramp up to higher levels of security, and how to respond in the immediate aftermath of a disaster. We looked at intelligence information flowing from the Federal Government to critical infrastructure owners and operators as well as risk information flowing from critical infrastructure owners and operators to the government. Our study reveals the complex ways information is gathered, analyzed, packaged, and shared among government and the owners and operators of critical infrastructures. In tackling this complex subject, we examined the different stages of the intelligence cycle, including requirements generation, information collection, analysis, and dissemination. To gather a variety of perspectives, we conducted extensive interviews with security directors, chief executives, subject matter experts, and government executives and managers. Recognizing that distinct sector characteristics shape information sharing needs, we conducted case studies of five sectors: Commercial Facilities, Healthcare and Public Health, Energy (Oil and Natural Gas), Banking and Finance, and Chemical. While we found some information sharing approaches to be effective, others were not. As a result, we adopted a “capability maturity approach,” which acknowledges that different Federal agencies have different abilities to share information effectively, and we sought to build on what is working.

Cybersecurity

United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Information Policy, Census, and National Archives

Published: 2008

Total Pages: 140


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Cyber Security

United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Commerce, Trade, and Consumer Protection

Published: 2002

Total Pages: 82


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