The Department of Homeland Security is also heading up a voluntary program works with various agencies and industry groups to make sure the policies are actually adopted, and find ways to create incentives for that to happen.
The president also called for Congress to pass legislation to prevent cyberattacks during his speech, and this order is reportedly meant as a step in that direction.
The Wall Street Journal indicates many businesses want liability protection against attacks in exchange for following the guidelines, which would require approval form Congress in order to happen.
It includes language accounting for privacy concerns as well, with agencies required to look over the potential impact of their work, and release public assessments. The DHS is to report in a year how its work impacts civil liberties and provide recommendations on mitigating such risks.