Regardless of what the federal government does, you must take steps to limit your personal exposure and learn to live with what you can t control. The impacts of cyber criminals and cyber attackers are usually international in scope, and the solutions will require international agreements. Achieving international agreements is a lengthy process. That is why nations must start now. Regulation can help, however politically incorrect it may be today.
Regulators protect the public interest in cases of market failure.
But they may not have the necessary regulatory tools, either technical or legal. They may not even understand the problem of the uncontrolled growth in system complexity of the infrastructures or markets they regulate, or recognize the phenomenon of emergent properties of complex systems. They may not have the problem on their political agendas. But the mechanisms are there, and if society, public or private, chooses not to use them, then it must live with the problems until the cost of suffering is generally recognized as greater than the cost of using them. This may be one area where the fix to a technology problem may be more technology.