“There’s no question that American companies today are under surveillance,” warned an Oct. 24, 2012 New York Times op-ed. In a digital age, information represents power, profit and prestige, yet it’s increasingly vulnerable to theft. Competitors from across the street or across the ocean cheat to get ahead, terrorists menace, activists hack to compel change and rapidly changing technologies facilitate all of it.
Importantly, the threat to corporate information involves not only profits but also national security, and Washington is worried. Both houses of Congress perennially propose legislation to improve cybersecurity in the private sector. However, attempts at legislation have failed, most recently in 2012. Now, the Obama administration is taking action.