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 »

Perimeter 81

Directory of Suppliers

CSI Consulting Services

CSI Consulting Services

Get Advice From The Experts: * Training * Penetration Testing * Data Governance * GDPR Compliance. Connecting you to the best in the business.

Cyber Security Supplier Directory

Cyber Security Supplier Directory

Free Access: Cyber Security Supplier Directory listing 5,000+ specialist service providers.

Practice Labs

Practice Labs

Practice Labs is an IT competency hub, where live-lab environments give access to real equipment for hands-on practice of essential cybersecurity skills.

Perimeter 81

Perimeter 81

Perimeter 81 is a Zero Trust Network as a Service designed to simplify secure network, cloud and application access for the modern and distributed workforce.

FREE eBook: Practical Guide To Optimizing Your Cloud Deployments

FREE eBook: Practical Guide To Optimizing Your Cloud Deployments

AWS Marketplace eBook: Optimizing your cloud deployments to accelerate cloud activities, reduce costs, and improve customer experience.

ZenGRC

ZenGRC

ZenGRC - the first, easy-to-use, enterprise-grade information security solution for compliance and risk management - offers businesses efficient control tracking, testing, and enforcement.

DigitalStakeout

DigitalStakeout

A simple and cost-effective solution to monitor, investigate and analyze data from the web, social media and cyber sources to identify threats and make better security decisions.

Syxsense

Syxsense

Syxsense brings together endpoint management and security for greater efficiency and collaboration between IT management and security teams.

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.

Authentic8

Authentic8

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

KZ-CERT

KZ-CERT

KZ-CERT is the national Computer Emergency Response Team for Kazakhstan.

MNCERT/CC

MNCERT/CC

MNCERT/CC is the national Computer Emergency Response Team for Mongolia.

Iceberg

Iceberg

Iceberg has been established to provide companies with cyber security experts who will protect businesses from the unseen threat of cyber crime.

e-Lock

e-Lock

e-Lock services include IT security consulting and training, security systems integration, managed security and technical support.

African Cyber Security

African Cyber Security

African Cyber Security and it's partners, have the expertise and skills to provide holistic solutions for companies, institutions and government.

Astaara

Astaara

Astaara is an integrated insurance services and risk management advisory business incorporating cyber risk advisory, underwriting and analytics.

Seknox

Seknox

Seknox TRASA™ protects your business from insider threats.

CleanCloud

CleanCloud

CleanCloud is a public cloud infrastructure management platform.