Cybersecurity Information Sharing Between Public Private Sector Agencies

Government agencies, businesses, and individuals alike have become more dependent on technology, and the desire and need for interconnectedness has led to increasing network vulnerability affecting both government and private sectors. Recognizing both government and private sector agencies individually lack the capabilities to defend against cyber threats, President Obama has called for a more robust and resilient cybersecurity alliance that encourages information-sharing partnerships with private sector owners and operators in charge of protecting U.S. critical infrastructure. Despite the recent drive for cyber legislation and policies, government agencies and private companies have seemed reluctant to share information related to cyber-attacks and threats with one another. To discover the deeper underlying issues that inhibit public-private cooperation, and to evaluate the effectiveness of public-private partnerships (PPPs) to advance cyber information sharing, this thesis examines the banking and finance sector of U.S. critical infrastructure sector. In doing so, it identifies reasons why information-sharing problems exist between government agencies and private companies; investigates how PPPs satisfy national cybersecurity needs; and, in turn, reveals issues for policymakers to consider when shaping policies that encourage an open dialog between the public and private sector.

Government agencies, businesses, and individuals alike have become more dependent on technology, and the desire and need for interconnectedness has led to increasing network vulnerability affecting both government and private sectors. Recognizing both government and private sector agencies individually lack the capabilities to defend against cyber threats, President Obama has called for a more robust and resilient cybersecurity alliance that encourages information-sharing partnerships with private sector owners and operators in charge of protecting U.S. critical infrastructure. Despite the recent drive for cyber legislation and policies, government agencies and private companies have seemed reluctant to share information related to cyber-attacks and threats with one another. To discover the deeper underlying issues that inhibit public-private cooperation, and to evaluate the effectiveness of public-private partnerships (PPPs) to advance cyber information sharing, this book examines the banking and finance sector of U.S. critical infrastructure sector. In doing so, it identifies reasons why information-sharing problems exist between government agencies and private companies; investigates how PPPs satisfy national cybersecurity needs; and, in turn, reveals issues for policymakers to consider when shaping policies that encourage an open dialog between the public and private sector.

Exploring the negative social impact of cyber-attacks, this book takes a closer look at the challenges faced by both the public and private sectors of the financial industry. It is widely known amongst senior executives in both sectors that cybercrime poses a real threat, however effective collaboration between individual financial institutions and the public sector into detecting, monitoring and responding to cyber-attacks remains limited. Addressing this problem, the authors present the results from a series of interviews with cybersecurity professionals based in Canada in order to better understand the potential risks and threats that financial institutions are facing in the digital age. Offering policy recommendations for improving cybersecurity protection measures within financial institutions, and enhancing the sharing of information between the public and private sector, this book is a timely and invaluable read for those researching financial services, cybercrime and risk management, as well as finance professionals interested in cybersecurity.

Pervasive and sustained computer-based attacks pose a potentially devastating impact to systems and operations and the critical infrastructures they support. Addressing these threats depends on effective partnerships between the government and private sector owners and operators of critical infrastructure. Federal policy, including the Department of Homeland Securitys (DHS) National Infrastructure Protection Plan, calls for a partnership model that includes public and private councils to coordinate policy and information sharing and analysis centers to gather and disseminate information on threats to physical and cyber-related infrastructure. GAO was asked to determine (1) private sector stakeholders expectations for cyber-related, public-private partnerships and to what extent these expectations are being met and (2) public sector stakeholders expectations for cyber-related, public-private partnerships and to what extent these expectations are being met. To do this, GAO conducted surveys and interviews of public and private sector officials and analyzed relevant policies and other documents.Private sector stakeholders reported that they expect their federal partners to provide usable, timely, and actionable cyber threat information and alerts; access to sensitive or classified information; a secure mechanism for sharing information; security clearances; and a single centralized government cybersecurity organization to coordinate government efforts. However, according to private sector stakeholders, federal partners are not consistently meeting these expectations. For example, less than one-third of private sector respondents reported that they were receiving actionable cyber threat information and alerts to a great or moderate extent. (See table below.) Federal partners are taking steps that may address the key expectations of the private sector, including developing new information-sharing arrangements. However, while the ongoing efforts may address the public sectors ability to meet the private sectors expectations, much work remains to fully implement improved information sharing.Private Sector Expected Services and the Extent to Which They Are MetServicesGreatly or moderately expectedGreatly or moderately receivedTimely and actionable cyber threat information98%27%Timely and actionable cyber alerts96%27%Access to actionable classified or sensitive information (such as intelligence and law enforcement information)87%16%A secure information-sharing mechanism78%21%Source: GAO analysis based on survey data of 56 private sector respondents.Public sector stakeholders reported that they expect the private sector to provide a commitment to execute plans and recommendations, timely and actionable cyber threat information and alerts, and appropriate staff and resources. Four of the five public sector councils that GAO held structured interviews with reported that their respective private sector partners are committed to executing plans and recommendations and providing timely and actionable information. However, public sector council officials stated that improvements could be made to the partnership, including improving private sector sharing of sensitive information. Some private sector stakeholders do not want to share their proprietary information with the federal government for fear of public disclosure and potential loss of market share, among other reasons.Without improvements in meeting private and public sector expectations, the partnerships will remain less than optimal, and there is a risk that owners of critical infrastructure will not have the information necessary to thwart cyber attacks that could have catastrophic effects on our nations cyber-reliant critical infrastructure.

This is the 33rd volume in the Occasional Paper series of the U.S. Air Force Institute for National Security Studies (INSS). This paper, along with Occasional Paper 32, Richard Aldrich's "Cyberterrorism and Computer Crimes: Issues Surrounding the Establishment of an International Legal Regime,"address the context surrounding the question of how the U.S. military responds to the cyber threat facing the American military and society today. The U.S. military has become increasingly dependent upon the nation's information and communications infrastructures. Concurrently, threats to and vulnerabilities in these infrastructures are expanding, in large part due to structural factors not likely to disappear in the future. To prevail against the increasing threat, the military -- and, more broadly, the government -- needs to adopt a risk reduction and management program. A crucial element of this risk management program is information sharing with the private sector. However, substantial barriers threaten to block information exchanges between the government and private sector. These barriers include concerns over release of sensitive material under Freedom of Information Act requests, antitrust actions, protection of business confidential and other private material, possible liability due to shared information, disclosure of classified information, and burdens entailed with cooperating with law enforcement agencies. There is good cause to believe that the government and private sector can overcome these barriers, guided by lessons learned from numerous successful government-private sector information-sharing mechanisms. This analysis concludes with actions the government should undertake to develop an information-sharing mechanism with the private sector. Key among them are actively engaging the private sector from the onset, determining information requirements, and fostering a partnership based on trust.