Cyber Threat is Nations Biggest Economic Risk

At the RSA security conference in San Francisco today, White House cybersecurity chief Howard Schmidt said that the biggest economic threat facing the nation is the cybersecurity problem.

He said the government is mobilizing to deal with electronic attacks, which have hit everyone from Google to everyday consumers who have had their identities stolen in credit card scams. (He didn’t dwell on the idea that this is the biggest economic threat; after all, bankers and insurance companies have been pretty big threats to the U.S. economy as well).

In his first major public appearance since President Obama appointed him last year, Schmidt said that the country has to do something about fixing systemic problems that make the nation’s computers vulnerable to cyber attack.

Read Full Article