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data breaches they don't just affect our personal security cyber threats posed an enormous challenge for our country it's one of the most serious economic and national security challenges we face as a nation recent attacks like the Sony hack have spurred the White House to action President Obama has set aside 14 billion dollars in the US budget to boost cybersecurity and now he's seeking support from the private sector as part of that effort the president will attend a summit on cybersecurity and consumer protection at Stanford University business government and academic experts will attend among them Stanford researcher herb Lynn the fact that it's also focused on consumer protection is a big deal too because it says that ordinary citizens like you and me have a personal stake in cyber security as well the summit will cover a range of issues from developing better password and authentication techniques to encouraging more secure payment methods the president is going to be speaking with a large number of CEOs of major American corporations who I believe are going to commit themselves to taking specific concrete actions to improve the cybersecurity postures of their individual organizations let's say we will do XY and z to improve cybersecurity that we didn't before and that we haven't done before and this will have tangible effects on the security that and the cyber security that our customers enjoy Apple CEO Tim Cook will be speaking at the summit making it likely that the subject of encryption surfaces cook previously said that Apple's encryption techniques make it impossible to intercept user data even when faced with the subpoena we're going to keep on at this as a government but we're also going to be working with the private sector to detect prevent defend deter against attacks and to recover quickly from any disruptions or damage Lynn says that cyber threats will always pose a problem they are facing an uphill battle but there's room for improvement fewer security breaches would be a good start in Stanford California I'm Sumi das cnet com for CBS News you