Home > News > High-Tech Think Tank Formed • Bookmark   • Newsletters   • Register Search Options

NEWS STORY

High-Tech Think Tank Formed

Get XBIZ News
Nov 12, 2003 12:00 AM PST    Text size: 
SAN FRANCISCO, Calif. – Corporate America is sending out a message of tough love to the hacker community, which has been a thorn in the side of many technology companies and businesses in recent years as the intensity of virus attacks worsen.

On the heels of the 20-year anniversary of the computer virus, a consortium of high-level security officers was announced today to unify corporate America in its fight against hackers, and to share ideas and information on how corporations can keep their computer networks safe from the reach of the latest and deadliest viruses.

There are currently almost 60,000 viruses in existence, say reports. Every year since 2000 has been christened with some virulent code like the Love Bug, Nimda, Code Red, Sobig, Palyh, Slammer, and MSBlast that has gained worldwide notoriety for its capacity to create havoc across corporate and private computer networks.

The formation of the Global Council of CSOs (chief security officers) includes top brass from Oracle Corp, Microsoft Corp., MCI, eBay, Inc., Sun Microsystems, Motorola Inc., Bank of America, CitiGroup, and a representative from the New York State Office of Cyber Security and Critical Infrastructure.

"Hackers collude," said Mary Ann Davidson, chief security officer for Oracle. "They're very good at sharing information. We as an industry need to come together on the other side to strengthen our defenses."

The formation of the Council was brought to fruition by Howard Schmidt, formerly a security officer for Microsoft and then later a cyber-security advisor for the White House. He currently works for eBay.

One of Schmidt's goals was to unite the private and corporate sectors in a battle against cyber crime.

According to the plan set forth by Schmidt and other think tank organizers, the Global Council of CSOs will aim to share information with member companies and governments on cyber security issues and create a formidable defense against the ever-growing force and intelligence of the hacker community.

Additionally, the Council will provide feedback to technology vendors and consider how businesses can improve their networks to better guard against viruses.

The U.S. Government recently allocated additional funding to secure cyberspace from malicious attacks, including increased funding for research. But without the full cooperation of corporate America, the government's attempt to curb cyber crime has been stymied.

Microsoft's $5 million bounty offer last week for the arrest and conviction of virus writers indicates not just a uniform desire among corporations to squash this underground community of malicious code writers, but how much the business sector has suffered financially as a result of computer viruses, many of which exploit flaws in Microsoft's Windows operating system.

"It's now starting to move from being a problem that they used to hear anecdotally to a problem they can now measure the impact of," said Michael Cherry, an analyst with Directions, an independent research firm.

More ways to get XBIZ News:  RSS Feeds  |  E-Newsletters  |  Desktop Widget  |  Mobile
Looking for porn star news and behind-the-scene videos? Check out XFANZ.com !

PROFILES & BIOS

Q&A: Holiday Products Founder Moe Levy Reflects on Decades of Career Accomplishments

Born and raised in the Bronx, N.Y., as an only child, Moe Levy learned to become business savvy at an early age from his parents. Even more importantly, Levy says his parents instilled in him their people-oriented... More »

AWSummit’s Alexandru Gheorghe Has Eyes Set on Growth

The AWSummit has quickly made its mark and has become a top draw for chat hosts, studios and cam sites from all over the world. Founded by CEO Alexandru Gheorghe just two years ago, the cam-centric AW... More »

WIA Profile: Elle Sonson

Each month, industry news media organization XBIZ spotlights the career accomplishments and outstanding contributions of Women in Adult. WIA profiles offer an intimate look at the professional lives of... More »
XBIZ NEWSLETTERS
Stay informed of the latest industry developments. Get XBIZ newsletters delivered to your inbox. Subscribe today!
Enter email address:

* To manage existing subscriptions click here.






POPULAR PRODUCTS & SERVICES
Submit your press release to
multiple news outlets with 1 click.
Subscribe to RSS news feeds or
add free content to your website.
Access XBIZ news and articles
with your mobile device.
Subscribe to XBIZ Premiere magazine, the industry's leading adult retail trade publications, delivering the most timely and comprehensive business news and information to producers and retailers of adult products.

UPCOMING EVENTS

XBIZ 2017

Jan 09 - Jan 13
Hollywood, CA

XBIZ Awards 2017

Jan 12 - Jan 12
Los Angeles, CA

ANME Founders Show

Jan 14 - Jan 15
Los Angeles Marriott Burbank Airport

Everything To Do With Sex Show

Jan 20 - Jan 22
Montréal, Québec
Everyday thousands of business professionals browse XBIZ's industry directory for quality products and services. Not listed yet? Your company could be losing potential new business. Submit your company today!
Use XBIZ RSS feeds to stay informed of the latest industry developments or as a content syndication tool for your website!