The US National Cyber Director Chris Inglis wrote an essay outlining a new social contract for the cyber age:

The United States needs a new social contract for the digital age — one that meaningfully alters the relationship between public and private sectors and proposes a new set of obligations for each. Such a shift is momentous but not without precedent. From the Pure Food and Drug Act of 1906 to the Clean Air Act of 1963 and the public-private revolution in airline safety in the 1990s, the United States has made important adjustments following profound changes in the economy and technology.

A similarly innovative shift in the cyber-realm will likely require an intense process of development and iteration. Still, its contours are already clear: the private sector must prioritize long-term investments in a digital ecosystem that equitably distributes the burden of cyberdefense. Government, in turn, must provide more timely and comprehensive threat information while simultaneously treating industry as a vital partner. Finally, both the public and private sectors must commit to moving toward true collaboration — contributing resources, attention, expertise, and people toward institutions designed to prevent, counter, and recover from cyber-incidents.

The devil is in the details, of course, but he’s 100% right when he writes that the market cannot solve this: that the incentives are all wrong. While he never actually uses the word “regulation,” the future he postulates won’t be possible without it. Regulation is how society aligns market incentives with its own values. He also leaves out the NSA — whose effectiveness rests on all of these global insecurities — and the FBI, whose incessant push for encryption backdoors goes against his vision of increased cybersecurity. I’m not sure how he’s going to get them on board. Or the surveillance capitalists, for that matter. A lot of what he wants will require reining in that particular business model.

Good essay — worth reading in full.