What Business Needs to Know About the New U.S. Cybersecurity Strategy

On March 2, 2023, the Biden administration released its long-awaited National Cybersecurity Strategy. In light of cyberattacks targeting American infrastructure, business, and governmental agencies, the document elevates cybersecurity as a critical component of the United States’ economic prosperity and national security. It also intimates a fundamental dilemma, which is that the private sector — with key stakeholders consisting of software firms, small- and medium-sized businesses, broadband providers, and utility companies — holds the key to the public good of cybersecurity: