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Obama pushes for more cyberthreat information sharing

Grant Gross | Feb. 16, 2015
U.S. businesses and government agencies need to work more closely together to combat the growing threat of cyberattacks, President Barack Obama said Friday.

Some participants in the summit said the government has needed to take more steps toward information sharing. The government needs to do a better job of quickly sharing cyberattack information, said Kenneth Chenault, CEO of American Express. A tiny percentage of the threat indicators American Express examines every year comes from government information, he said.

"The government needs to aggressively share with the private sector, in an appropriate manner, the indicators of attack," Chenault said.

In order for information sharing to work, companies need protections from lawsuits, he added.

 

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