The White House announced Wednesday after a private meeting between President Joe Biden and senior executives that leading US technology companies have pledged to invest billions of dollars to strengthen cyber security defenses and train skilled workers.
The Washington rally was held during a series of ransomware attacks that targeted critical infrastructure and large companies, as well as other illegal cyber operations by US authorities related to foreign hackers.
The Biden administration has been urging the private sector to do its part to prevent increasingly sophisticated attacks. In his public speech before the meeting, Biden referred to cyber security as the “core national security challenge” of the United States.
Biden said: “The reality is that most of our critical infrastructure is owned and operated by the private sector, and the federal government cannot deal with this challenge alone.” “I invite all of you to come here today because I believe you have Ability, ability and responsibility to raise the standards of cyber security.”
After the meeting, the White House announced that Google had committed to investing 10 billion U.S. dollars (about Rs 74,249 crore) in cybersecurity in the next five years. These funds are designed to help protect the software supply chain and expand the zero-trust program. After the Russian government’s large-scale cyber espionage campaign exploited loopholes and allowed hackers to access the networks of US government agencies and private companies, the Biden administration has been looking for ways to protect the government’s supply chain.
At the same time, Microsoft said it will invest US$20 billion (approximately Rs 1,484.55 crore) in cyber security in the next five years and provide US$150 million (approximately Rs 1,113 crore) in technical services to help local governments upgrade their defenses. . IBM plans to train 150,000 people for cybersecurity training within three years. Apple said it will develop a new program to help strengthen the technology supply chain. Amazon said it will provide the public with the same security awareness training as its employees.
Executives from each company were invited to the meeting on Wednesday. Executives from the financial industry and representatives from the energy, education and insurance industries were also invited to attend the meeting. The White House said on Wednesday that a government initiative that initially supported power company cybersecurity defenses has now been expanded to focus on natural gas pipelines.
Although the ransomware was intended as an aspect of Wednesday’s gathering, a senior government official who briefed reporters in advance stated that its purpose was much broader, focusing on identifying the “root cause of any type of malicious cyber activity” and the private sector The approach taken can help strengthen network security. The official briefed reporters on the condition of anonymity.
At the time of the meeting, Biden’s national security team had been consumed by the withdrawal of troops from Afghanistan and the chaotic evacuation of Americans and Afghan citizens. It remains on the calendar to indicate that the government views cybersecurity as a major agenda item, and government officials described Wednesday’s meeting as a “call to action.”
The broad cross-section of participants emphasized how cyber attacks span almost all business sectors. For example, in May of this year, hackers associated with Russian cyber gangs launched a ransomware attack on a major fuel pipeline in the United States, causing the pipeline to temporarily cease operations. A few weeks later, JBS, the world’s largest meat processor, was attacked by another hacker group.
In both cases, these companies paid millions of dollars in ransoms to get back online.
When referring to the June summit with Russian President Vladimir Putin on Wednesday, Biden stated that he made it clear that he hopes Russia will take measures to curb ransomware groups because “they know where (the hackers) are and where they are Who.”