President Barack Obama asked for more collaboration and the open sharing of information between private-sector companies and the U.S. government at the White House Cybersecurity Summit at Stanford today.

While pushing for that collaboration, he admitted it would be a challenge to both keep up with cyber threats and protect American’s right to privacy at the same time. “Protecting the American people while making sure government is not abusing its capabilities is hard. It’s the Wild Wild West and we are asked to be the sheriff,” he told a crowd at the Memorial Auditorium.