Federal Communication Commission to create national security council, FT says

The Federal Communications Commission is planning to create a national security council to improve U.S. defenses against Chinese cyberattacks, Demetri Sevastopulo of The Financial Times reports. The new FCC chair Brendan Carr said he was establishing the council to advance the agency’s focus on “persistent and constant threat from foreign adversaries, particularly the Chinese Communist party.” The council will focus on mitigating U.S. vulnerability to cyberattacks, espionage, and surveillance by hostile states while also reducing supply chain dependence on adversaries. Publicly traded companies in the space include Check Point (CHKP), F5 Networks (FFIV), Fortinet (FTNT), Palo Alto (PANW), and Qualys (QLYS)