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President Issues Executive Order on Cybersecurity

Posted on 2/13/2013

President Obama issued an executive order on cybersecurity yesterday, announcing the plan during the State of the Union address and urging Congress to pass legislation that "gives our government a greater capacity to secure our networks and deter attacks."

The executive order gives the federal government responsibility for working with private companies to develop voluntary cybersecurity standards that the National Institute of Standards and Technology will develop. The Institute must issue a preliminary version of the so-called Cybersecurity Framework within 240 days.

The executive order also charges the Treasury Department with responsibility "for providing institutional knowledge and specialized expertise as well as leading, facilitating or supporting the [financial industry's] security and resilience programs and associated activities."

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