U.S. President Barack Obama rolls out national cybersecurity action plan
United States: Across the world, the
technology sector is witnessing various advancement which brings threats along
with multiple benefits. With these new technologies, new security threats have
also surfaced and have opened the door for hackers to peep into the
confidential data.
After analyzing the current and
prospective future security threats, U.S. president’s intelligence chief James
Clapper cautioned the President about these security threats, and Barack Obama
has rolled out a US$ 19 Billion ‘National Action Plan’ on cybersecurity.
The intelligence chief stated that the
era of connected devices and artificial intelligence systems can give windows
to hackers for disruption.
The national action plan will cover the
transformation in the management of cyber threats along with the investment in
cybersecurity education.
The best talent would be recruited in
America in Information Technology and Cybersecurity as the part of the plan.
The President announced the formation of
‘Federal Chief Information Security Officer’ who will be responsible for supervising
and managing the activities across agencies and the federal government. In
addition, the officer would be overseeing that the federal government is
interacting with private sector more effectively as these interactions involves
a huge amount of vital and critical infrastructure.
The plan also covers the formation of the
new high-level commission on cybersecurity which will focus on long-term
solutions and gather ideas from outside the government as well.
For the success of the plan, Obama would
take the support of Google, Facebook, Microsoft, and Visa to ensure the
security and privacy of the citizens.
In the recent years, more than 100
million Americans’ personal data such as credit card information, medical
records, etc. is compromised; therefore, cybersecurity is high priority for the
President.
The market research and consulting firm,
TechSci Research believes that the ‘national action plan’ on cybersecurity
would bring the additional layer of security to the confidential data of the
Government, organizations and the citizen without hampering the privacy and
functioning of the whole ecosystem.
A recently published report by TechSci Research, “Global
Cyber Security Market Forecast and Opportunities, 2020”, depicts global cyber
security market is projected to surpass US$ 123 billion by 2020. Cyber security
has become extremely vital for public as well as private enterprises as
cyber-attacks have become more organized and sophisticated. In addition, the
number of state sponsored attacks across the globe has surged which will drive
the investment in the cybersecurity. Countries such as the US, the UK, Japan,
Singapore and South Korea have a dedicated cyber security policy in place.
Therefore, investments on cyber security by these countries is expected to
witness a rapid increase over the next five years.