Government Enforced Cyber Security, a Public Good?

Cyber security threats change quickly as Internet increases, and also the related dangers are getting to be progressively international. Being covered against cyber security threats requires almost all end users, actually the most complex versions, to know the particular threats in addition to enhance their particular safety measures with a continuing foundation. On April 28, 2014 President Obama has declared that the “cyber threat is one of the most serious economic and national security challenges we face as a nation” and that “America 's economic prosperity in the 21st century will depend on cyber security.” The internet enables and also helps people in a many ways and a example is collect, store, process huge amounts of data, which includes vulnerable data of small business, transactional and personal. Everything in this world is based on internet now a days.

The entire cyber security industry is in a period of growth. As both corporations and private consumers are becoming aware of vulnerabilities with their online presence cyber security firms, have learned how to offer in-demand solutions for a wide variety of customers. Within the field of cyber security, there are several different types. These different types of services range from protection on the Internet of Things to producing devices to protected connected cars or phones. Each of these areas are expected to grow by the year 2020 with some being more in demand than others. In the article, “Cybersecurity Market Reacher $75 Billion in 2015, Expected to Reach $170 Billion by 2020,” Steve Morgan notes that, “the hot areas for growth are security

The world of cyber security continues to introduce new threats each year against network infrastructures and computer devices. In the recent years, the impact from cyber-attacks has wreaked havoc on many company brands and organizational reputations. As this issue grows so does the technology to prevent and protect against these malicious attacks. It is absolutely crucial for organizations and businesses to shift focus from defense for different types of attacks to improving safeguards to mitigate the loss of sensitive data when an attack occurs. In addition to the traditional security technology used to detect an attack, companies will have to include

Cyber-security demands are ever increasing in the field of Information Technology with the globalization of the internet. Disruptions due to cyber-attacks are affecting the economy, costing companies billions of dollars each year in lost revenue. To counter this problem

As a nation, today’s society must invest in cyber security to execute military power, protect citizens information, and safeguard businesses.

Just like every other organization, Adius, LLC relies on information technology to manage their information, processes, and assets in order to thrive, conduct their business efficiently, and deliver their services effectively. However, no organization is immune from cyber-attacks and threats. In fact, cyber-attacks and threats have been increasing exponentially during the past few years. Having outdated and irrelevant cybersecurity procedures, policies and practices places organizations in greater vulnerabilities and risks. For this reason, cybersecurity procedures, policies and practices in place must be in line and be more relevant to the security needs of Adius, LLC.

Times have changed what was known as organized crime has been replaced by Cybercrimes (Heists: Cybercrimes with Ben Hammersley). Cybercrimes have risen dramatically in recent years and have become a major issue the United States and company’s face today jeopardizing as well as threatening the critical infrastructure of America (Cyberwar Threat, 2005). Sadly, the status quo of cyber security is very unstable with the advancements and growth which has put most individuals and businesses into an enormous threat (Agustina, 2015).

The author sheds light on several different instances where the government has failed to put the proper tools in place to secure sensitive and classified data within its IT sector. They highlight the unfortunate security incident that took place at the VA and the steps taken thereafter to try and fix the problems within cyber security. They also discuss the importance of utilizing FISMA and NIST guidelines in an effort to try and fix the issues within a lot of the lower rated government agencies. The author also discusses how the low ratings are actually a vast improvement from the previous scores received by the government in the past and what was done to obtain the higher marks. This article is relevant to my risk assessment because it highlights where the government currently is in terms of cyber security and how cloud computing can possibly bring them even further down if not used properly.

The Analytical essay’s topic was focused on the Governments’ infringement on electronic/Internet privacy, and why it was important for citizens of the United States to protect their rights to privacy. I chose to revise this essay, because I am very interested in the subject of cyber security.

If the government gets involved and tries to regulate the information exchange safety and enforce the informing the public about the hackers malware, consumers can save their information sooner by immediate actions, they can reconcile their accounts and make the proper defense to protect their bank accounts. For example, the government can enforce the companies to work with high tech firms like Irvine tech firm Cylance Inc. that is focused on creating an artificial intelligence system that can predict and block hackers’ future threats (Dave, 2013). So companies must work with high tech firms to keep customers’ information safe.

All kidding aside, the threats are very real and the need is pressing in ways that I believe the average person doesn’t understand. Cybersecurity will continue to be one of the most critical issues the U.S. faces today in both the civilian and government/military sectors. Regardless of best intentions of those involved, a primarily legislative or regulatory solution will not have the end result desired. The issue is that legislation will fail to improve security and may actually lower it by providing a false sense of security and a possible level of complacency that will not allow for vital levels of security to be developed.

The White House of the United States has developed a Cyber-Insurance Metrics. The goal of this is to provide cyber-insurance to protect businesses from Internet-based risks, and more generally from risks relating to information technology infrastructure and activities . This will cover attacks such as data destruction, extortion, theft, hacking, and denial of service attacks. By taking part in this policy, businesses will be encouraged to adapt what is considered best practices. Preconditions exist for joining. By doing so, businesses will utilize the benefits of good security and the costs of poor security. A greater investment will be made with improvements in security.

Whether it is Iran targeting American banks or casinos, China hacking into the federal government 's network, criminals attacking companies like Target, North Korea punishing Sony or Russia hacking President Obama’s email, cyber security is a major source of anxiety for the U.S. government and private sector. In a survey, 84% of global financial institutions ranked cyber-risk as one of their top five concerns.

The increasing volume and sophistication of cyber security threats including targeted data theft, phishing scams and other online vulnerabilities demand that we remain vigilant about securing our systems and information.

It’s noted that the greatest threat Europe faces isn’t cyberwarfare, cyber terrorism, or espionage, but rather software and hardware failure. (Information Management Journal, 2015). One of the key challenges to resolving infrastructure weakness is that each country approaches it differently. In recent years, cybersecurity was an intermediary international concern in Europe and privacy was the principal concern for Europeans. On the Internet, Europeans promote the “right to be forgotten” and they view privacy as a fundamental right in the European Charter of Human Rights. When officials were polled in recent years, cybersecurity was at the bottom of primary threats facing Europe. Now, a surge of cyberattacks has threatened the fabric of European society thus forcing policy makers to re-prioritize security over privacy. Cyberattacks in Europe have grown in frequency and intensity. One of the first successful massive critical infrastructure attacks occurred in an iron plant in Germany thus resulted in their government to pass the first Information Technology (IT) security law. This law requires sectors involving critical infrastructure to notify the government should any intrusion occur. (Beshar, 2015).