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Business/Financial

Pritzker Seeks High-Tech Sector’s Help On Managing Cyber Risk

By Cal Biesecker

Thursday, May 12th, 2016

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Pritzker Seeks High-Tech Sector’s Help On Managing Cyber Risk

Department of Commerce Secretary Penny Pritzker. Photo: Department of Commerce

Commerce Secretary Penny Pritzker on Wednesday called on the nation’s technology sector to help develop ways and metrics that companies and organizations can better understand and manage their cyber security risks.Citing a poll conducted by the NASDAQ [NDAQ] electronic stock exchange, Pritzker said more than 90 percent of board members in companies with cyber vulnerabilities “can’t interpret their cyber security reports.” Not only do corporate executives and board members struggle to understand the technical terms related to cyber, she said…

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