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The President:
Hello, Stanford!
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(applause)
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Thank you so much.
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Thank you.
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Thank you so much.
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Thank you, everybody.
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Have a seat.
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Have a seat.
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Audience Member: Yes, we can!
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The President: Yes, we can!
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(applause)
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First of all, let me
thank President Hennessy for
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not just the introduction
but for your outstanding
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leadership at one of
the great universities
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of the world.
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(applause)
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I've got to admit,
like, I kind of want to go here.
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(laughter and applause)
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I was trying to
figure out why it is that
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a really nice place
like this is wasted
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on young people --
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(laughter)
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-- who don't fully
appreciate what you got.
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It's really nice.
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And everybody here is
so friendly and smart,
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and it's beautiful.
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And what's there not to like?
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I want to thank
you and everyone
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at Stanford for hosting
this summit, especially
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Amy Zegart,
George Triantis,
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and someone who served
as a great advisor to me
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at the White House and as
an outstanding ambassador
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to Russia before coming back
to The Farm -- Mike McFaul.
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(applause)
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It is great
to be here
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at Leland Stanford
Junior University.
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And I'm pleased to be joined
by members of my team
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who bleed Cardinal red.
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We're infiltrated
with Stanford people.
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We've got Senior
Advisor Valerie Jarrett,
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National Security
Advisor Susan Rice,
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Secretary of Commerce
Penny Pritzker.
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(applause)
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And, let's face
it, I like Stanford grads.
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I noticed Steve Chu
was around here,
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who helped lead our Energy
Department for a while.
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(applause)
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And he's
now hanging out.
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I'm also pleased to be joined by
other members of my Cabinet --
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our Secretary of Homeland
Security Jeh Johnson is here,
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and our Small Business
Administrator,
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Maria Contreras-Sweet.
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And I want to acknowledge my
tireless Homeland Security
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Advisor who helped, and
continues to shape,
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our cybersecurity
efforts -- Lisa Monaco.
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(applause)
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Thank you, Lisa.
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So I'd always heard
about this campus,
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and everybody is riding
bikes, and people
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hopping into fountains --
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(laughter)
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-- and the current
holder of The Axe.
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(applause)
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This is the place
that made "nerd" cool.
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(laughter)
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I was thinking about
wearing some black-rimmed
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glasses, some tape
in the middle,
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but I guess that's not
what you do anymore.
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Ambassador McFaul told
me if I came to Stanford,
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you'd "talk nerdy to me."
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(laughter)
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But I'm not
just here to enjoy myself.
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As we gather here today,
America is seeing incredible
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progress that we can
all be proud of.
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We just had the best year of
job growth since the 1990s.
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Over
the past 59 months,
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(applause)
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Over
the past 59 months,
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our businesses have created
nearly 12 million new jobs,
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which is the longest
streak of private sector
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job growth on record.
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And in a hopeful sign for
middle-class families,
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wages are beginning
to rise again.
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And, meanwhile, we're
doing more to prepare our
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young people for a
competitive world.
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Our high school graduation
rate has hit an all-time high.
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More Americans are finishing
college than ever before.
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Here at Stanford and
across the country,
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we've got the best
universities, we've got
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the best scientists, the best
researchers in the world.
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We've got the most dynamic
economy in the world.
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And no place represents that
better than this region.
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So make no mistake, more than
any other nation on Earth,
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the United States is positioned
to lead in the 21st century.
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And so much of our economic
competitiveness is tied to what
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brings me here today, and
that is America's leadership
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in the digital economy.
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It's our ability -- almost
unique across the planet --
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our ability to innovate and
to learn, and to discover,
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and to create, and build,
and do business online,
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and stretch the boundaries
of what's possible.
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That's what drives us.
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And so when we had to decide
where to have this summit,
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the decision was easy, because
so much of our Information Age
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began right here, at Stanford.
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It was here where two students,
Bill Hewlett and Dave Packard,
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met and then, in a
garage not far from here,
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started a company that
eventually built one
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of the first personal computers,
weighing in at 40 pounds.
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(laughter)
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It was from here,
in 1968, where a researcher,
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Douglas Englebart, astonished
an audience with two computers,
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connected "online," and
hypertext you could click
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on with something
called a "mouse."
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A year later, a computer here
received the first message
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from another computer 350
miles away -- the beginnings
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of what would become
the Internet.
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And, by the way, it's no secret
that many of these innovations
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built on government-funded
research is one of the reasons
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that if we want to maintain
our economic leadership in the
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world, America has to
keep investing in basic
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research in science
and technology.
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It's absolutely critical.
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(applause)
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So here at
Stanford, pioneers developed
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the protocols and
architecture of the Internet,
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DSL, the first webpage in
America, innovations
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for cloud computing.
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Student projects here
became Yahoo and Google.
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Those were pretty
good student projects.
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(laughter)
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Your graduates have
gone on to help create and build
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thousands of companies that have
shaped our digital society --
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from Cisco to Sun Microsystems,
YouTube to Instagram, StubHub,
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Bonobos.
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According to one study, if all
the companies traced back
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to Stanford graduates
formed their own nation,
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you'd be one the largest
economies in the world
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and have a pretty good
football team as well.
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(laughter and applause)
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And today, with
your cutting-edge
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research programs
and your new cyber
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initiatives, you're helping
us navigate some of the most
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complicated cyber
challenges that we face
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as a nation. And
that's why we're here.
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I want to thank all of you who
have joined us today -- members
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of Congress, representatives
from the private sector,
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government, academia,
privacy and consumer groups,
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and especially the
students who are here.
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Just as we're all connected
like never before,
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we have to work together
like never before,
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both to seize opportunities
but also meet
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the challenges of this
Information Age.
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And it's one of the great
paradoxes of our time that the
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very technologies that empower
us to do great good can also
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be used to undermine us
and inflict great harm.
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The same information
technologies that help make
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our military the most advanced
in the world are targeted by
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hackers from China and Russia
who go after our defense
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contractors and systems that
are built for our troops.
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The same social media we use
in government to advocate
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for democracy and human rights
around the world can also
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be used by terrorists to
spread hateful ideologies.
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So these cyber threats
are a challenge
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to our national security.
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Much of our critical
infrastructure -- our financial
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systems, our power grid, health
systems -- run on networks
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connected to the Internet, which
is hugely empowering but also
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dangerous, and creates new
points of vulnerability
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that we didn't have before.
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Foreign governments and
criminals are probing these
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systems every single day.
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We only have to think of
real-life examples -- an air
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traffic control system going
down and disrupting flights,
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or blackouts that plunge
cities into darkness --
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to imagine what a
set of systematic
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cyber attacks might do.
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So this is also a
matter of public safety.
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As a nation, we do more business
online than ever before --
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trillions of dollars a year.
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And high-tech industries,
like those across
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the Valley, support millions
of American jobs.
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All this gives us an enormous
competitive advantage
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in the global economy.
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And for that very reason,
American companies
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are being targeted, their
trade secrets stolen,
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intellectual
property ripped off.
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The North Korean cyber attack
on Sony Pictures destroyed
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data and disabled thousands
of computers, and exposed
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the personal information
of Sony employees.
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And these attacks are
hurting American companies
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and costing American jobs.
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So this is also a threat to
America's economic security.
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As consumers, we do more
online than ever before.
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We manage our bank accounts.
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We shop.
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We pay our bills.
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We handle our medical records.
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And as a country, one of our
greatest resources are the young
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people who are here today
--digitally fearless and
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unencumbered by convention, and
uninterested in old debates.
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And they're remaking
the world every day.
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But it also means that this
problem of how we secure
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this digital world is
only going to increase.
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I want more Americans succeeding
in our digital world.
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I want young people like you
to unleash the next waves
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of innovation, and launch
the next startups,
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and give Americans the tools
to create new jobs and new
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businesses, and to expand
connectivity in places that
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we currently can't imagine,
to help open up new world
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and new experiences and
empower individuals in ways
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that would seem unimaginable
10, 15, 20 years ago.
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And that's why we're working
to connect 99 percent
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of America's students to
high-speed Internet --
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because when it comes to
educating our children,
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we can't afford any
digital divides.
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It's why we're helping more
communities get across to the
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next generation of broadband
faster, with cheaper Internet,
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so that students and
entrepreneurs and small
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businesses across America, not
just in pockets of America,
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have the same opportunities
to learn and compete
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as you do here in
the Valley.
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It's why I've come out so
strongly and publicly for net
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neutrality, for an open
and free Internet --
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(applause)
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-- because we have to preserve
one of the greatest engines
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for creativity and
innovation in human history.
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So our connectivity brings
extraordinary benefits to our
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daily lives, but it
also brings risks.
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And when companies get hacked,
Americans' personal information,
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including their financial
information, gets stolen.
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Identity theft can ruin
your credit rating and turn
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your life upside down.
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In recent breaches, more than
100 million Americans had
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their personal data compromised,
including, in some cases,
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credit card information.
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We want our children to go
online and explore the world,
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but we also want them to
be safe and not have
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their privacy violated.
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So this is a direct threat
to the economic security
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00:13:29,675 --> 00:13:32,475
of American families, not
just the economy overall,
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and to the wellbeing
of our children,
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which means we've got to
put in place mechanisms
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to protect them.
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So shortly after I took office,
before I had gray hair,
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(laughter)
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I said that these
cyber threats were one of the
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most serious economic national
security challenges that
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we face as a nation, and I made
confronting them a priority.
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And given the complexity
of these threats,
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I believe we have to be guided
by some basic principles.
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So let me share
those with you today.
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First, this has to
be a shared mission.
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So much of our computer networks
and critical infrastructure
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are in the private sector,
which means government
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cannot do this alone.
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But the fact is that the
private sector can't
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do it alone either, because
it's government that often
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has the latest information
on new threats.
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There's only one way to defend
America from these cyber
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threats, and that is through
government and industry working
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together, sharing appropriate
information as true partners.
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Second, we have to focus
on our unique strengths.
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Government has
many capabilities,
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but it's not appropriate or
even possible for government
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to secure the computer networks
of private businesses.
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Many of the companies who are
here today are cutting-edge,
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but the private sector doesn't
always have the capabilities
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needed during a cyber attack,
the situational awareness,
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or the ability to warn other
companies in real time,
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or the capacity to
coordinate a response across
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companies and sectors.
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So we're going to have to be
smart and efficient and focus
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on what each sector does best,
and then do it together.
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Third, we're going to
have to constantly evolve.
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The first computer viruses
hit personal computers
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in the early 1980s, and
essentially, we've been
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in a cyber arms
race ever since.
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We design new defenses,
and then hackers
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and criminals design new
ways to penetrate them.
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Whether it's phishing or
botnets, spyware or malware,
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and now ransomware, these
attacks are getting
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more and more
sophisticated every day.
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So we've got to be just
as fast and flexible
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and nimble in constantly
evolving our defenses.
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And fourth, and
most importantly,
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in all our work we have to
make sure we are protecting
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the privacy and civil liberty
of the American people.
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And we grapple with these
issues in government.
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We've pursued important
reforms to make sure we are
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respecting peoples' privacy
as well as ensuring
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our national security.
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And the private sector
wrestles with this as well.
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When consumers share their
personal information with
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companies, they deserve to know
that it's going to be protected.
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When government and industry
share information about cyber
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threats, we've got to do so
in a way that safeguards your
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personal information.
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When people go online, we
shouldn't have to forfeit
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the basic privacy we're
entitled to as Americans.
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In recent years, we've
worked to put these
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principles into practice.
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And as part of our
comprehensive strategy,
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we've boosted our
defenses in government,
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we're sharing more information
with the private sector
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to help those companies
defend themselves,
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we're working with
industry to use what
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we call a Cybersecurity
Framework to prevent,
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respond to, and recover from
attacks when they happen.
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And, by the way,
I recently went
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to the National
Cybersecurity
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Communications
Integration Center,
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which is part of the Department
of Homeland Security,
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where representatives from
government and the private sector
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monitor cyber --
