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SHARING: THE RIGHT CYBERSTRATEGY
Every day, U.S. businesses are the targets of cyber-espionage operations sponsored by countries such as China and Russia. The cost is significant: Every year, U.S. industry suffers huge losses of valuable research and development data and other sensitive information (not to mention the increased costs associated with securing data). Estimates are hard to come by, but numbers in academic literature range from $2 billion to $400 billion per year. Just as important, many of the same techniques can be used to attack the critical infrastructure U.S. citizens depend on daily. Too often, these attacks are successful because of a key and completely unnecessary vulnerability: legal and policy barriers that prevent U.S. companies from sharing information with one another and with the government about attacks.
Without real-time information sharing, U.S. companies cannot adapt and respond to cyberattackers' constantly changing tactics. Legal and