Intel joined the National Institute of Standards and Technology (NIST) in a National Cybersecurity Center of Excellence (NCCoE) partnership, along with 10 other industry leaders: Cisco, HP, HyTrust, McAfee, Microsoft, RSA, Splunk, Symantec, Vanguard and Venafi. The NCCoE is a unique partnership of public and private sectors created by NIST to bring the best minds together to focus on the growing problem of cybertheft. The group aims to enable shared cybersecurity best practices, tools and solutions to reduce risk and enhance trust in our national IT systems, electronic communications and transactions. According to industry surveys, in 2011 more than 174 million records were compromised in breaches and technical errors worldwide, costing businesses billions of dollars, threatening national security and undermining consumer privacy and confidence. Cybersecurity is a challenge for companies large and small, as well as private and public institutions, states and the federal government. “The complexity of the global Cybersecurity threat environment requires the best thinking and innovation of the public and private sectors to develop the open standards and best practices to address this daunting challenge,” said Dave Patterson, president of Intel Federal.