Dependence on networked IT systems has “increased the reach and...
Dependence on networked IT systems has “increased the reach and potential impact” of “economic espionage” against the U.S., the GAO said in a report that called for “effective public-private partnerships” in sharing information on cyberthreats (http://xrl.us/bndbkm). “To address this threat…
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federal agencies have a key role to play in law enforcement, deterrence, and information sharing,” the report said. To protect against the threats several security controls and other techniques are available, it said. They include technical controls such as those that manage access to systems, ensure system integrity, and encrypt sensitive data, it said. “But they also include risk management and strategic planning that organizations undertake to improve their overall security posture and reduce their exposure to risk.” Multiple federal agencies, including the Departments of Commerce, Justice and Homeland Security are taking steps to protect IP rights, the report said. “Ensuring effective coordination will be critical for better protecting the economic security of the American businesses."