Private Sector Neglects Cyber Security
On October 13th, the Securities and Exchange Commission issued a new order requiring corporations to disclose to what extent cyber attacks against them constitute a “material” risk. Presumably corporations will have to act to limit such risk or fall out of favor with investors. Possibly we have turned a corner—although given the SEC’s mixed record of enforcement, one should not take it for granted that cyber defenses in the private sector will be shored up to the level essential for national security.
Amitai Etzioni served as a senior advisor to the Carter White House; taught at Columbia University, Harvard, and The University of California at Berkeley; and is a university professor and professor of international relations at The George Washington University.