Cyber Security Order a Dud - Even Weaker Than Previous Proposals
The Cyber Security order has indeed turned out to be a big puff of hot air in as far as the hypers go trying to trick investors into thinking it has any meaningful impact to private cyber security firms. The order as unveiled today is just a voluntary framework for information sharing between the government and private sector.
Numerous articles now available to read online, but here's a nutshell view:
"The executive order was designed to simply set up the foundations in which a "framework" can be constructed between the government and [some] private sector industries. The "framework" will effectively allow intelligence on cyber-attacks and cyber-threats to privately-owned critical national infrastructure—such as the private defense sector, utility networks, and the banking industry—so they can better protect themselves, as well as the general American population, the economy, and other nations reliant on U.S. support." The "Secretary" shall not identify any commercial information technology products or consumer information technology services," thereby excluding the likes of Microsoft, Google, Facebook, Twitter and other private sector firms.
So again, yet another baloney excuse that was used to falsely hype the shares of security firms, Symantec included.