Throughout 2014, stories of major data breaches and hacking incidents have dominated the mainstream media. Customers of major corporations like Target, Home Depot, JPMorgan Chase, Bank of America and Neiman Marcus have been the targets of malware, phishing schemes and other malicious acts of cyber crime within the past year. As a result, hackers have gained access to private information pertaining to tens of millions of financial accounts. Here at IPWatchdog, we’ve provided some coverage of this growing threat to the technological infrastructures of companies and organizations all over the world.
As Qayoumi went on to state, intellectual property is one of the great strengths of the American economy, but IP is one of the areas most at risk through cyber crime. To address this, the White House issued Executive Order 13636 in February 2014, titled Improving Critical Infrastructure Cybersecurity, which discusses the responsibility of the U.S. government to increase the volume, timeliness and quality of cybersecurity information shared with the nation’s private sector. The executive order directed NIST to take a lead agency role in developing a Cybersecurity Framework designed to establish a voluntary set of standards for aligning policy, business and technological approaches to address cyber risks within organizations.