Obama encourage cyber-sharing among private sector

President Barack Obama speaks at the LBJ Presidential Library, Thursday, April 10, 2014, in Austin, Texas, during the Civil Rights Summit to commemorate the 50th anniversary of the signing of the Civil Rights Act. (AP Photo/Carolyn Kaster)
President Barack Obama speaks in 2014 at the LBJ Presidential Library, in Austin during the Civil Rights Summit to commemorate the 50th anniversary of the signing of the Civil Rights Act. Thursday, Obama said he want to expand the private sector's use of cybersharing.  Associated Press
President Barack Obama speaks in 2014 at the LBJ Presidential Library, in Austin during the Civil Rights Summit to commemorate the 50th anniversary of the signing of the Civil Rights Act. Thursday, Obama said he want to expand the private sector’s use of cybersharing.
Associated Press

By Darlene Superville
Associated Press

SAN FRANCISCO — President Barack Obama wants members of the private sector to share information about threats to cybersecurity with each other and with the federal government.

The White House says such information-sharing will help U.S. businesses work together to respond to costly and potentially crippling data breaches.

Obama plans to sign an executive order Friday encouraging the creation of organizations where leads about cybersecurity threats can be shared and analyzed. The order will also direct the Department of Homeland Security to work on voluntary standards for these organizations.

The White House says rapid sharing of information is a key defense against threats to security in cyberspace.

Obama was signing the order in conjunction with a White House summit on cybersecurity and consumer protection at Stanford University that he’s attending.