State-sponsored cyberattacks and corporate espionage are becoming a bigger concern with each passing year, often resulting in millions of dollars in damages. Attackers are making off with critical data as governments, businesses, and cybersecurity experts struggle to protect citizens and customers. As of now, individuals and small businesses are on their own when attacked, but the Biden administration wants to change that and make multibillion dollar tech firms more accountable for Americans' digital safety.
The White House on Thursday unveiled a new National Cybersecurity Strategy to make cyberspace more secure for Americans. The new policy
puts the onus on tech firms and large organizations to make their systems more secure, so that they are better able to resist the increasingly more sophisticated cybersecurity threats from around the world.
Explaining its stance, the Biden administration said that the "organizations that are most capable and best-positioned to reduce risks" should do more to ensure the online safety of American citizens rather than shifting the burden of cybersecurity to individuals, small businesses, and local governments.
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"Impose a legal responsibility to proactively protect National Interest Assets. Hold the corporate caretakers of our economic future accountable for protecting their valuables. Create standards of protection. Provide penalties for inadequate or negligent protection. Enforce compliance before the theft occurs."
