How Do You Protect $10 Trillion?

Apr 15, 2011

Today the Chamber hosted the rollout of the administration’s cyber report, formally called the “National Strategy for Trusted Identities in Cyberspace” (NSTIC).  A cross-section of officials – including Homeland Security Deputy Secretary Jane Lute, Senator Barbara Mikulski, Commerce Secretary Gary Locke, NEC Chairman Gene Sperling, and White House’s Cyber Czar Howard Schmidt – spoke about the growing reliance the internet has in driving business and innovation.

I agree that the Internet has become indispensable for most of us and that we must invest our resources, energies, and focus on making sure it is a safe and secure place to conduct business and exchange personal information.  If today highlighted one thing it is this: Neither government nor private industry can adequately secure networks alone.  We must have a privately driven security strategy with an understanding that close collaboration with our government partners is absolutely essential to get the job done.

Moving forward, the Chamber believes that private industry must work in tandem with government because the strength of our free enterprise system is directly tied to the prosperity and security of the Internet.  With a safe, secure place to do business, there is little doubt that the $10 trillion in annual online transactions will continue to grow and grow.

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