WASHINGTON — President Obama on Wednesday named Thomas Donilon, the former national security adviser, to chair a special commission to develop a long-term cybersecurity strategy.
Donilon, 60, will chair the Commission on Enhancing National Cybersecurity, a group of private industry representatives tasked with making recommendations on how to deal with cyberthreats. The commission is part of the administration's $19 billion Cybersecurity National Action Plan, which Obama outlined in his proposed budget
In remarks from the White House Wednesday, Obama said the secretaries of the Department of Homeland Security and the Department of Commerce will work with the commission, and additional names will be announced from academia, the private sector and the national security sector.
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The Obama administration announced a new cybersecurity strategy on Tuesday, calling for a 35% increase in funding to bolster private and public defenses and the creation of a new chief information security officer position for the government.
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The White House and other Democrats have long pushed for banks to offer affordable small-dollar loans as an alternative to payday loans and other costlier credit, but banks have struggled to make them profitable and safe for consumers.
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While cybersecurity has already been part of bank exams for years, the Federal Deposit Insurance Corp. is highlighting it as a separate comment in order to ensure the issue is getting appropriate attention from bank executives and boards.
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The commission's "goal is going to be to produce a report no later than
Donilon has also served as vice president of law and policy at Fannie Mae and as a partner at O'Melveny & Myers.
The National Institute of Standards and Technology, which has worked to develop a cybersecurity assessment framework for critical infrastructure sectors, will support the commission as it prepares a plan to be delivered to Obama by the end of the year.
