President Barack Obama has issued a 60-day review of federal cyber security just days after numerous high-profile hacker intrusions, including an attack on the Federal Aviation Administration (FAA).

During the review, the government expects to look at the "plans, programs and activities" of U.S. cyber security efforts against both domestic and foreign attacks.

"The national security and economic health of the United States depend on the security, stability, and integrity of our nation's cyberspace, both in the public and private sectors," President Obama's assistant for counterterrorism and homeland security John Brennan said in a statement.

Several security experts accused former President Bush's cybersecurity team of neglecting possible cyber attacks, while also stating the U.S. Department of Homeland Security was ill-equipped to deal with cybersecurity.

The U.S. government has Northrop Grumman, Boeing, and Lockheed Martin working on numerous cyber security projects, although most of the projects are classified.  Industry analysts predict cyber security to one of the fastest-growing markets in the coming years, with the government issuing more than $10 billion in contracts over the next four years.

Security experts are still worried about the unprecedented level of vulnerability facing U.S. assets, as hackers have the potential to destroy banking records, stop electric power distribution, plus a number of other activities that could have a negative effect on the U.S.

In addition, China has drastically increased its cyber espionage, and continues to steal "vast amounts" of classified information from U.S. computer networks while the government continues to do little to stop it.

Obama will also focus on the physical protection of data -- it was recently published a New Zealand man purchased an MP3 player that contained troop deployments in Afghanistan, equipment deployments, private information on soldiers, and other personal information.