I know how it feels to have privacy violated because it has happened to me and the people around me. It’s no secret that my presidential campaign harnessed the Internet and technology to transform our politics. What isn’t widely known is that during the general election hackers managed to penetrate our computer systems. To all of you who donated to our campaign, I want you to all rest assured, our fundraising website was untouched. (Laughter.) So your confidential personal and financial information was protected.
But between August and October, hackers gained access to emails and a range of campaign files, from policy position papers to travel plans. And we worked closely with the CIA — with the FBI and the Secret Service and hired security consultants to restore the security of our systems. It was a powerful reminder: In this Information Age, one of your greatest strengths — in our case, our ability to communicate to a wide range of supporters through the Internet — could also be one of your greatest vulnerabilities.
This is a matter, as well, of America’s economic competitiveness. The small businesswoman in St. Louis, the bond trader in the New York Stock Exchange, the workers at a global shipping company in Memphis, the young entrepreneur in Silicon Valley — they all need the networks to make the next payroll, the next trade, the next delivery, the next great breakthrough. E-commerce alone last year accounted for some $132 billion in retail sales.
But every day we see waves of cyber thieves trolling for sensitive information — the disgruntled employee on the inside, the lone hacker a thousand miles away, organized crime, the industrial spy and, increasingly, foreign intelligence services. In one brazen act last year, thieves used stolen credit card information to steal millions of dollars from 130 ATM machines in 49 cities around the world — and they did it in just 30 minutes. A single employee of an American company was convicted of stealing intellectual property reportedly worth $400 million. It’s been estimated that last year alone cyber criminals stole intellectual property from businesses worldwide worth up to $1 trillion.
In short, America’s economic prosperity in the 21st century will depend on cybersecurity.
And this is also a matter of public safety and national security. We count on computer networks to deliver our oil and gas, our power and our water. We rely on them for public transportation and air traffic control. Yet we know that cyber intruders have probed our electrical grid and that in other countries cyber attacks have plunged entire cities into darkness.
Our technological advantage is a key to America’s military dominance. But our defense and military networks are under constant attack. Al Qaeda and other terrorist groups have spoken of their desire to unleash a cyber attack on our country — attacks that are harder to detect and harder to defend against. Indeed, in today’s world, acts of terror could come not only from a few extremists in suicide vests but from a few key strokes on the computer — a weapon of mass disruption.