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Technology alone can’t solve the cybersecurity problem; we need better information sharing

On the modern battlefield, commanders and others share information in real time to gain a common, accurate view of what’s happening so forces can react quickly to whatever occurs.

The fight against cyber criminals should be no different.

When it comes to identifying attackers’ constantly changing tactics and the best defense strategies, information is power. But, alas, this too often is not the case today. The public and private sectors have lacked formal mechanisms for quickly sharing threat information, hampering the extensive and seamless collaboration needed to address a cybersecurity problem that keeps worsening.

Global cybercrime costs are growing 15 percent annually and are projected to reach $10.5 trillion by 2025, according to research firm Cybersecurity Ventures. If it were measured as a country, cybercrime would be the world’s third largest economy after the United States and China.

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