Google, Facebook, and Yahoo Shun Obama Cybersecurity Summit

Obama wants companies to share cyberthreat data with the federal government and each other, only most industry heavyweights aren't interested.

Today President Obama spoke at Stanford University at the Summit on Cybersecurity and Consumer Protection. In a wide-ranging conference, which touched on everything from biometric passwords to the economics of technology, the urgent theme that surfaced was the importance of the public and private sectors working together to crack one of the 21st century's biggest challenges. The last six months have read like an A-Z of cybersecurity breaches ripping across industries, from retail (Target), to entertainment (Sony), to insurance (Anthem). According to U.S. Homeland Security, cybersecurity attacks have multiplied fivefold since 2009, with the seriousness of these breaches rising each year.

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