Google and Microsoft Commit Billions of Dollars to Cybersecurity

Tech and insurance companies pledged billions of dollars to boost cybersecurity at a meeting with President Joe Biden at the White House.

The meeting with US President Joe Biden comes after a number of recent serious cyberattacks, including hackers attacking SolarWinds (the US technology company that develops software to monitor networks, systems, engines, etc.) IT infrastructure) and Colonial Pipeline (the largest fuel pipeline operator in the US, providing about 45% of the fuel on the East Coast).

The commitment includes directions to the new standards of the industry, provides businesses with other security tools more powerful, and provides skills training for employees to meet the 500,000 job security network unrecruited in the United States. President Biden recently signed an executive order requiring US agencies to use two-factor authentication for logins, which could help prevent cyberattacks.

Apple will create a program to improve security across technology supply chains, the White House said, including working with suppliers to adopt multi-factor authentication and security training.

Google says it will invest more than $10 billion over five years to strengthen cybersecurity and is committed to training 100,000 Americans in technical areas like IT support and data analytics through its Certified Public Security program. occupation only. Google also has financial commitments that will be used to strengthen the software supply chain and secure open-source.

Microsoft CEO Satya Nadella tweeted after the meeting pledging to invest $20 billion over 5 years to provide better security tools for Microsoft. In addition to us, he said that Microsoft will invest $150 million to help government agencies upgrade their security systems and expand cybersecurity training partnerships. In fact, Microsoft has spent $1 billion a year on cybersecurity since 2015.

IBM – one of the largest companies specializing in information technology in the world – said it will train more than 150,000 people in cybersecurity skills over three years, and cooperate with universities. colleges and universities to diversify the workforce. The company announced a new data storage solution for critical IT infrastructure companies and said it was working on creating secure encryption methods for quantum computers.

IBM CEO Arvind Krishna told CNBC ahead of a meeting outside the White House on Wednesday that cybersecurity is the “urgent issue of the decade.” He hopes to see more cooperation between the public and private sectors from this meeting and said IBM will do everything in its power to help skilled workers in the field.

Amazon Web Services, Amazon’s cloud computing division, is planning to offer device account holders free multi-factor authentication for better data security. They are planning to provide “Security Awareness training” to organizations and individuals.

A spokesperson for financial services company TIAA outlined several ongoing initiatives to train more cybersecurity staff, including a partnership with New York University that allows TIAA partners to attend the program. masters in cybersecurity are fully tuition-free.

Leaving the meeting, JPMorgan Chase CEO Jamie Dimon assessed that “a very productive, collaborative discussion.”

Microsoft CEO Satya Nadella commented that the event “gathered the right people to have a good discussion.”

“The meeting made everyone aware that we must work together to address the cybersecurity threats facing the entire country,” said American Water CEO Walter Lynch.