White house cybersecurity meeting After meeting Biden Google, Microsoft planed to spend big in cybersecurity

The White House hosted a cybersecurity meeting this Wednesday with CEOs in sectors ranging from tech to insurance.

 

The meeting comes in the wake of several high-profile cyberattacks, including on government software contractor SolarWinds and oil pipeline Colonial Pipeline, that have brought added urgency to such security issues.

These commitments include working to establish new industry standards and supplying other businesses with better security tools that will help them compete. They also provide skills training for workers who are looking to fill around 500,000 cybersecurity jobs in the United States. Biden recently signed an executive decree requiring U.S. authorities to use two-factor authentication when logging in. This is a good way to prevent cyberattacks.

The White House said Apple would create a program devoted to making security improvements across their technology supply chains, which will include working with suppliers to adopt multifactor authentication and security training of workers.

Google said it would invest more than $10 billion over five years to strengthen cybersecurity and pledged to train 100,000 Americans in technical fields such as IT support and data analytics through its Career Certificate program. Google’s financial commitment will be used to strengthen the software supply chain and open-source security, among other things.

Microsoft committed $20 billion over five years to deliver more advanced security tools, CEO Satya Nadella tweeted after the meeting. He added that Microsoft would invest $150 million to help government agencies upgrade their security systems and expand cybersecurity training partnerships. Microsoft has spent $1 billion per year on cybersecurity since 2015.

Microsoft CEO Satya Nadella said the event “brought together the right set of folks to have a good discussion.”

IBM said it would train more than 150,000 people in cybersecurity skills in three years, while partnering with historically Black colleges and universities to help diversify the workforce. The company also revealed a new data storage system for critical infrastructure companies, and stated that it is working to develop safe encryption methods for quantum computing.

From our sources we have heard that Arvind Krishna the CEO of IBM, said that cybersecurity was “the issue for the decade.” He also stated that he hopes to see more coordination between public and private sector sectors at the meeting. IBM will do its part in helping skilled workers in this space.

Amazon Web Services, the cloud computing division of Amazon, is planning to give account holders free multifactor authentication devices to better secure their data. It also plans to offer “Security Awareness Training” to both individuals and businesses.

A spokesperson for financial services company TIAA pointed to several ongoing initiatives it’s undertaken to train more cybersecurity workers. Among those are a partnership between TIAA and New York University which allows TIAA Associates to complete a fully paid master’s in cybersecurity.

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