Microsoft Will Invest $20Billion In Cyber Security

The United States' leading technology companies have committed to investing billions of dollars in strengthening cyber security defences and in training skilled workers in response to President Biden's initiative at a private meeting with top executives.

The purpose of this unique event was to consider possible public-private partnerships to help address ongoing cyber security threats to the country’s critical infrastructure and private industries.  Prominent amongst the participants is Microsoft , who have pledged to $20 billion over the next 5 years in cyber security, four times its previous investments of $1 billion per year to protect its services. 

The company also pledged $150 million in technical services to upgrade security protection at all three levels of government. 

Mirosoft operates some of the world’s most used software, making it a prime target for cyber attacks. The company says it will also expand its partnerships with community colleges and non-profits for cybersecurity training programmes.

President Biden called on the technology leaders to do more to respond to cybersecurity threats. “The reality is most of our critical infrastructure is owned and operated by the private sector, and the federal government can’t meet this challenge alone
“You have the power, capacity and responsibility, I believe, to raise the bar on cybersecurity. Ultimately we’ve got a lot of work to do.”

In April, the ransomware gang REvil attacked the Colonial Pipeline, forcing the company to shut down its pipeline that provides nearly half of the fuel capacity to the East Coast. A few months earlier, in December 2020, Russian hackers attacked government computer systems, gaining access to the Treasury Department and Department of Defense and last month the US State Department suffered a breach, temporarily cutting off email communications.

The meeting took place as Biden's national security team has been consumed by the troop withdrawal in Afghanistan and the chaotic evacuation of Americans and Afghan citizens. That it remained on the calendar indicates the administration regards cybersecurity as a major agenda item, with the administration official describing the meeting as a “call to action.”

I-HLS:        ITPro:      Ultimate Pocket:       Daily Sabah

You Might Also Read: 

Running Out Of Cyber Gas:

 

 

« All About The Cloud
Privacy Concerns In CRM: 3 Key Ways To Avoid Security Risks »

CyberSecurity Jobsite
Perimeter 81

Directory of Suppliers

Authentic8

Authentic8

Authentic8 transforms how organizations secure and control the use of the web with Silo, its patented cloud browser.

Resecurity, Inc.

Resecurity, Inc.

Resecurity is a cybersecurity company that delivers a unified platform for endpoint protection, risk management, and cyber threat intelligence.

UK Cyber Week Expo & Conference

UK Cyber Week Expo & Conference

Award-winning event organiser ROAR B2B announces the launch of UK Cyber Week and its inaugural event on 4 and 5 April 2023 at the Business Design Centre, London.

BackupVault

BackupVault

BackupVault is a leading provider of completely automatic, fully encrypted online, cloud backup.

IT Governance

IT Governance

IT Governance is a leading global provider of information security solutions. Download our free guide and find out how ISO 27001 can help protect your organisation's information.

Berkman Klein Center for Internet & Society

Berkman Klein Center for Internet & Society

The Berkman Klein Center for Internet & Society is a research center at Harvard University that focuses on the study of cyberspace.

Security Magazine

Security Magazine

Security, the business magazine for security executives, focuses on management issues facing top security professionals and effective solutions being employed, both physical and cyber.

Soracom

Soracom

Soracom offers secure, scalable, cloud-native connectivity developed specifically for the Internet of Things.

Guy Carpenter

Guy Carpenter

Guy Carpenter delivers a powerful combination of broking expertise, strategic advisory services, and industry-leading analytics.

Positive Technologies

Positive Technologies

Positive Technologies is a leading global provider of enterprise security solutions for vulnerability and compliance management, incident and threat analysis, and application protection.

Sliced Tech

Sliced Tech

Sliced Tech provides enterprise grade managed Cloud services, including Security-as-a-Services, aimed at meeting the needs of commercial and government clients from within Australia.

Aspen Insurance

Aspen Insurance

Aspen is a leading diversified specialty insurance and reinsurance company. Products offered include cyber insurance.

United Nations Office on Drugs & Crime (UNODC)

United Nations Office on Drugs & Crime (UNODC)

UNODC promotes long-term and sustainable capacity building in the fight against cybercrime through supporting national structures and action.

Evanston Technology Partners (ETP)

Evanston Technology Partners (ETP)

ETP provides services and solutions to enable and transform businesses in the areas of cybersecurity, data protection, and efficient operations practices.

Enclave Networks

Enclave Networks

Our mission is to give IT professionals a simple way to rapidly build secure connectivity between any application, computer system, device or infrastructure - regardless of the underlying network.

Templar Shield

Templar Shield

Templar Shield is a premier information security, risk and compliance technology professional services firm serving North America.

blueAllianceIT

blueAllianceIT

blueAlliance IT is an investment and growth platform that unites local MSP and IT companies around the nation, helping them to grow and operate competitively.

Darkscope

Darkscope

Darkscope is an award-winning personalised cyber intelligence service provider. Our cutting-edge AI and Deep Artificial Neural Networks lead the world of cyber intelligence solutions.

Pathlock

Pathlock

Pathlock (formerly Greenlight) help enterprises and organizations automate the enforcement of any process, access, or IT general control, for any business application.

Fullstack Academy

Fullstack Academy

A trailblazer in bootcamp education, Fullstack Academy prepares students for fulfilling careers in tech through our NYC campus, online learning, and university partnerships.

HEROIC Cybersecurity

HEROIC Cybersecurity

HEROIC’s enterprise cybersecurity services help improve overall organizational security with industry best practices and advanced technology solutions.