Before the end of the next business day, companies in every sector of our economy will be subjected to another relentless barrage of cyberintrusions. Intellectual property and designs for new products will be stolen. Personal information on U.S. citizens will be accessed. Defense contractors’ sensitive research and weapons data could be compromised.
While it’s impossible to put a monetary value on the impact of these daily intrusions, it’s undeniable that cybertheft is costing U.S. jobs and undermining our economic competitiveness in the global economy.
As serious as these intrusions are, they are only the tip of the iceberg.
Our critical infrastructure — power plants, refineries, transportation systems and water treatment centers — depend on the integrity and security of their computer networks. Approximately 85 percent of this infrastructure is owned and operated by the private sector. Last year alone, there were nearly 200 known attempted or successful cyberintrusions of the control systems that run these facilities, a nearly fivefold increase from 2010. And while most companies take proper precautions, some have unfortunately opted to accept risks that, if exploited, would endanger public safety and national security.