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Cybersecurity Spending To Increase After Meeting With Biden

Benzinga

14 Views • Sep 01, 2021

Description

Business leaders committed billions of dollars to beef up cybersecurity efforts at a White House meeting with President Joe Biden on Wednesday. The meeting followed several high-profile cyberattacks, including on government software contractor SolarWinds ($SWI@US) and oil pipeline Colonial Pipeline. The commitments range from working toward new industry standards to stronger security tools and training to workers to fill the roughly 500,000 U.S. cybersecurity jobs. Apple ($AAPL@US) plans to create a program to make technology supply chains more secure. Google ($GOOG@US) will invest more than $10 billion to strengthen cybersecurity. Microsoft ($MSFT@US) committed $20 billion over five years, and IBM ($IBM@US) will train more than 150,000 people in cybersecurity skills over the next three years.

Keywords & Tags

#microsoft #finance #business #google #apple #employment #colonial pipeline #President Joe Biden #cybercrime #cyberattacks #Cybersecurity Spending #software contractor #beef up cybersecurity #SolarWinds #SWI #oil pipeline #stronger security #cybersecurity jobs #IBM #hire staff #train

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