Google, Microsoft will spend billions on cybersecurity after meeting Biden

At a meeting with White House President Joe Biden on Wednesday, business leaders in the technology and insurance sectors invested billions of dollars to step up their cybersecurity efforts.

The conference will be held in response to several high-profile cyber attacks, including government software contractors. SolarWinds Oil Pipelines Colonial Pipelines have added urgency to such security issues.

The commitment provides workers with powerful security tools from their commitment to new industry standards and skills training to perform approximately 500,000 unmet U.S. cybersecurity jobs. It covers a wide range of things. Biden recently signed an executive order requiring US agencies to use two-factor authentication for logins that help prevent cyber attacks.

The White House said Apple Write a program dedicated to improving security throughout your supply chain. This includes working with suppliers to employ multi-factor authentication and security training.

Google He said he would invest more than $ 10 billion over five years to enhance cybersecurity and promised to train 100,000 Americans in technical areas such as IT support and data analytics through a career certificate program. Google Financial commitments are used, among other things, to enhance software supply chains and open source security.

Microsoft CEO Satya Nadella tweeted after the meeting and invested $ 20 billion over five years to provide more advanced security tools. Microsoft added that it will invest $ 150 million to help government agencies upgrade their security systems and expand their cybersecurity training partnerships.Microsoft spends $ 1 billion annually on cybersecurity After 2015..

IBM He said he would train more than 150,000 cybersecurity skills in three years while partnering with a historic black university to help diversify the workforce. The company also announced new data storage solutions for critical infrastructure companies and said it is working to create secure cryptographic techniques for quantum computing.

IBM CEO Arvind Krishna told CNBC on Wednesday outside the White House that cybersecurity was a “10-year problem.” He hopes that the conference will further coordinate between the public and private sectors, and IBM will play a role in supporting skilled workers in this area.

Amazon Web Services, Amazon’s cloud computing arm, plans to offer account owners a free multi-factor authentication device to enhance the security of their data. In addition, we plan to hold “security awareness training” for organizations and individuals.

Spokesperson for a financial services company TIAA He pointed out some ongoing initiatives being undertaken to train more cybersecurity workers. This includes a partnership with New York University that will allow TIAA Associates to earn a fully refunded master’s degree in cybersecurity.

Leaving the White House JP Morgan Chase CEO Jamie Dimon called the meeting “a very productive and collaborative discussion.”

“Hopefully we will continue to follow up and do a good job of protecting our country from really complex issues,” he said.

Microsoft CEO Satya Nadella said the event “gathers the right people and has a good discussion.”

Two water company executives who finished the meeting told CNBC that the discussion emphasized cooperation between sectors. Walter Lynch, CEO of American Water, said there was “an understanding that the country must work together to address the cyber threats it faces.”

— CNBC’s Mary Katherine Wellons and Samanthas Bin contributed to this report.

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See: Colonial Pipeline Hackers reportedly got $ 90 million in Bitcoin before shutting down Google, Microsoft will spend billions on cybersecurity after meeting Biden

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