WASHINGTON: The US government said on Wednesday it would work with industry to implement new guidelines to improve the security of technology supply chains, as President Joe Biden urged private sector executives to “raise the bar on cybersecurity”. Appealed.
In White House meetings with Biden and members of his cabinet, executives from Big Tech, the finance industry and infrastructure companies said they would do more about the growing threat of cyber attacks on the US economy.
“The federal government alone cannot meet this challenge,” Biden told masked officers in the East Room, “you have the power, the capability and the responsibility, I believe, to raise the bar on cybersecurity.”
After the meeting, the White House said the National Institute of Standards and Technology (NIST) will work with industry and other partners on new guidelines for building secure technology and assessing the security of technology, including open source software.
Microsoft, Google, Travelers, and Coalition, a cyber insurance provider, and others are committed to participating in the new NIST-led initiative.
Cybersecurity has risen to the top of the Biden administration’s agenda after a series of high-profile attacks on network management company SolarWinds Corp, Colonial Pipeline Company, meat processing company JBS and software firm Kaseya. The attacks harmed the United States for far more than just hacked companies, affecting fuel and food supplies.
“We have a lot of work to do,” Biden said, citing the ransomware attacks and his pressure on Russian President Vladimir Putin to hold Russian-based cyber gangs responsible and the need to fill nearly half a million public and private cybersecurity jobs. Said happened. .
The guest list included Amazon.com Inc CEO Andy Jassi, Apple Inc CEO Tim Cook, Microsoft CEO Satya Nadella, Google parent Alphabet Inc CEO Sundar Pichai and IBM chief executive Arvind Krishna.
After the meeting, Amazon said it would make its cybersecurity training available to the public for free, and it would give multi-factor authentication tools to some cloud computing customers starting in October.
Microsoft said it would invest $20 billion over five years, a fourfold increase from current rates, to accelerate its cybersecurity work, and to help federal, state and local governments maintain their security systems. will provide $150 million in technical services for Modern.
IBM said it will train more than 150,000 people in cybersecurity skills over three years and partner with historically black colleges and universities to create a more diverse cyber workforce.
Google said it was dedicating $10 billion to cybersecurity over the next five years, but it was not immediately clear whether any of the figures represented the new spending. It also said it would help 100,000 Americans earn industry-recognized digital skills certifications that could lead to higher-paying jobs.
Vishal Hariprasad, CEO of Resilience Cyber Insurance Solutions, told Reuters that his company will work with the government to set clear standards for cyber security, and that policy holders will need to meet those standards.
“Therefore, if a company is willing to adhere to minimum standards, they will have insurance, and if not, they will have to identify those gaps so that they can reach that baseline.”
“It’s not just about securing our companies, but also making sure we’re doing something to address the bad guys.”
Congress is weighing legislation on data breach notification laws and cybersecurity insurance industry regulation, which have historically been seen as the two most consequential policy areas within the field.
Executives from energy utility firm Southern Company and JPMorgan Chase & Co also attended the event.
The event was attended by top cybersecurity officials from the Biden administration, including National Cyber Security Director Chris Inglis and Homeland Security Secretary Alejandro Meyerkas.
Disclaimer: This post has been self-published from the agency feed without modification and has not been reviewed by an editor
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