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The fact of the matter is that the United States faces real threats from criminals, terrorists, spies, and malicious cyber actors.

U.S. computer networks and databases are under daily cyber attack by nation states, international crime organizations, subnational groups, and individual hackers.

Cyberterrorism has become an increasingly prevalent and serious threat here in America, both to individuals and businesses.

In cyberspace, it is becoming increasingly difficult to uphold security for one's own country by sacrificing that of others.

Activists from the Middle East to Asia to the former Soviet states have all been telling me that they suffer from increasingly sophisticated cyber-attacks.

Look at what is happening in China and in Russia. They have units that are specifically targeted cyber warfare. They are carrying it out. Our critical infrastructure is attacked thousands of times a day.

The alarm bells sound regularly: cybergeddon; the next Pearl Harbor; one of the greatest existential threats facing the United States. With increasing frequency, these are the grave terms officials invoke about the menace of cybercrime - and they're not understating the threat.

Cyber terrorists are no different from other terrorists: No matter where they hide, we will track them down and seek to bring them to the United States to face justice.

We face cyber threats from state-sponsored hackers, hackers for hire, global cyber syndicates, and terrorists. They seek our state secrets, our trade secrets, our technology, and our ideas - things of incredible value to all of us. They seek to strike our critical infrastructure and to harm our economy.