New cybersecurity coordinator 'has president's ear'

In one of his first public appearances since taking the job last month, White House cybersecurity coordinator Howard Schmidt says the government needs to be investing more in the research and development of cybersecurity tools. He said he "has the president's ear" when it comes to coordinating efforts across agencies. "There are no silver bullets," he said. "But we have tremendous support from the Hill, agencies and private sector....We are better positioned than ever to face these threats."