Commerce secretary says regulations cannot solve cybersecurity problems

Commerce Secretary Penny Pritzker said today that federal regulators should back off from enforcement action against companies that are the victim of a cyber attack, and called for new legislation and other steps to establish trust between industry and government to collaborate in mitigating and thwarting cyber risks.

“We cannot regulate cyber risks out of existence,” Pritzker said at the U.S. Chamber of Commerce Cybersecurity Summit in Washington, DC. She said “cybersecurity requires a new collaborative, active approach,” which she...