At a Tuesday event in Washington, D.C., Sens. Mark Warner, a Virginia Democrat, and Cory Gardner, a Colorado Republican, announced the creation of the “Senate Cybersecurity Caucus,” which will provide a platform for Senators and their staffs to stay informed on major policy issues and developments in cybersecurity.
In a press release, Warner stated that, “Cybersecurity is one of the most serious economic and national security challenges we face as a nation, and both the private and the public sector need to be better prepared to address the escalating threat from cyber attacks.” Warner is a leading voice on cyber security issues on Capitol Hill, and is himself a former tech executive and early investor in the cellular telephone market.
Gardner added, “Rifle shots targeting a massive, growing problem have fallen well-short of sufficient. We need a grand strategy to combat positively identified bad actors, and that requires a broad policy response that is adaptable to technological developments and the ever-changing cyber field.”
The caucus will focus on various aspects of the cybersecurity problem, which impacts nearly every sector of the American economy and is a top national security threat. A Senate press release claims that Cyber attacks account for up to $120 billion in economic and intellectual property loss annually in the United States and cost the average American firm more than $15 million per year.
The announcement of the new caucus comes on the same day that the Democratic National Committee announced Russian cyber teams had hacked into its servers and bilked everything from emails to instant messages. They also stole the DNC’s opposition research on Republican presidential candidate Donald Trump.
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