President Barack Obama signed an executive order on Friday designed to spur businesses and the Federal Government to share with each other information related to cybersecurity, hacking and data breaches for the purpose of safeguarding U.S. infrastructure, economics and citizens from cyber attacks. He signed the order in front of an audience at Stanford University during his keynote address for the White House’s Summit on Cybersecurity and Consumer Protection.
Obama’s speech started off relatively light-hearted with the President pointing out how much technological innovation could be traced back to Silicon Valley and Stanford and even joking that the big webscale companies of [company]Yahoo[/company] and [company]Google[/company] “were pretty good student projects.”
Things took a turn to the dark side, however, with Obama segueing into the devastation that modern-day technology can bring as exemplified by the major data breaches we’ve seen at Sony Pictures Entertainment and insurance provider Anthem.
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