At the Summit on Cybersecurity and Consumer Protection held at Stanford University, President Obama signed an executive order to encourage the private sector to share information involving threats to cyber security with the federal government.
Held in Silicon Valley, the summit brought together industry and tech leaders, law enforcement, consumer and privacy advocates, as well as professors to explore partnerships that can help find ways to improve cybersecurity.
President Obama said: "There’s only one way to defend America from these cyber threats, and that is through government and industry working together, sharing appropriate information as true partners," reported The Washington Post.
The summit is part of a government push to focus on the issues surrounding cyber security, especially in light of recent hacks such as the one on Sony Pictures late last year.
The announcement comes after the US announced the creation of a new cybersecurity agency called the Cyber Threat Intelligence Integration Center (CTIIC) that will act as a connector between new cyber threats and existing federal agencies.