The US government wants additional help from private sector companies in a growing effort to fight cyberattacks.
Financial institutions and healthcare firms face a significant threat, and there needs to be a better strategy to incorporate cybersecurity to keep employees and users safe. Cyberattacks are a global problem that can create legal headaches for businesses once they have been breached by cybercriminals.
"Each of us must recognize this risk is perhaps the most pressing operational risk of our time," said US Deputy Treasury Secretary Sarah Bloom Raskin, when speaking at the CityWeek conference in London. "We now need to develop consensus around ways to respond to this threat."
There could be upwards of 50 billion devices connected to the Internet by 2020, so there are plenty of new targets for hackers.
- >> NEXT STORY: Facebook Messenger app has whopping 600M monthly active users
- << PREVIOUS STORY: Apple Pay security called out after spike in fraud-related issues