Tech companies spend billions on cybersecurity
Tech companies spend billions on cybersecurity

After meeting President Joe Biden at the White House on Wednesday, technology companies such as Google, Microsoft and Apple pledged to help improve cybersecurity in the United States.

Obligations vary from company to company. But it ranges from billions in spending on electronic infrastructure to providing supply chain support and education.

The high-level meeting with technical leaders on Wednesday came after a major cyber attack on US government agencies and energy infrastructure (such as colonial pipelines).

“Most of our critical infrastructure is privately owned and operated and the federal government cannot meet this challenge alone,” Biden said at a meeting on Wednesday.

Apple announced that it is working with its suppliers to increase comprehensive adoption of multi-factor authentication and introduce new security training, incident response, and vulnerabilities.

Amazon plans to provide free multi-factor authentication devices to all AWS account holders while providing all security awareness training to all company employees free of charge.

Google has announced that it will spend more than $10 billion over the next five years to strengthen the software supply chain and cybersecurity in the United States.

In addition, the search giant has promised to train more than 100,000 Americans in data analysis and IT support through the company's professional certification program.

Microsoft has announced that it will invest $20 billion over five years, four times its current investment. It aims to accelerate its work in the field of network security. $150 million for technical services can be used to help federal, state and local governments maintain their security systems.

Tech companies spend billions on cybersecurity

IBM said it trained more than 150,000 people in cybersecurity skills in three years. It works with colleges and universities to create a more diverse online workforce.

Sundar Pichai, CEO of technology company Alphabet, attended the meeting on Wednesday. And Amazon CEO Andy Gacy. Apple CEO Tim Cook. Arvind Krishna, President and CEO of IBM. Microsoft CEO Satya Nadella.

Also present at the meeting of Southern and JPMorgan Chase CEOs. This includes senior cybersecurity officials from the Biden administration. Including the Director of National Cyber ​​Security and the Secretary of Homeland Security.

The US government has announced that it will work with industry to develop new guidelines to improve the security of the technology supply chain. President Joe Biden has urged private sector leaders to improve cybersecurity.

Biden told the executives, "I believe you have the ability, ability and responsibility to raise the threshold of cybersecurity."

The National Institute of Standards and Technology (NIST) works with industry to develop new guidelines for building security technologies and for evaluating the security of technologies. Including open source software.

In addition, Congress considers laws related to data breach reporting laws and regulations in the cybersecurity insurance industry. It is historically seen as one of the most important policy areas in this field.

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