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NOV 05, 2013 - Time

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World Cybersecurity Leaders Call for Cooperation

STANFORD, California (AP) — Governments and businesses spend $1 trillion a year for global cybersecurity, but unlike wartime casualties or oil spills, there’s no clear idea what the total losses are because few will admit they’ve been compromised. Cybersecurity leaders from more than 40 countries are gathering at Stanford University this week to consider tackling that information gap by creating a single, trusted entity that would keep track of how much hackers steal. Chinese Minister Cai Mingzhao acknowledged there are issues of trust to overcome – with some U.S. ... Read More

Tags: World Cybersecurity Leaders Call for Cooperation,  Chinese Hackers Latest News