Google and Microsoft said they are pledging to invest a total of $30 billion in cybersecurity advancements over the next five years, as the U.S. government partners with private sector companies to address threats facing the country in the wake of a string of sophisticated malicious cyber activity targeting critical infrastructure, laying bare the risks to data, organizations, and governments worldwide.
The White House cybersecurity meeting, which brought together executives from the education, energy, finance, insurance, and tech sectors, included companies like ADP, Amazon, Apple, Bank of America, Code.org, Girls Who Code, Google, IBM, JPMorgan Chase, Microsoft, and Vantage Group, among others.
To that end, the U.S. government on Wednesday announced a collaboration between the National Institute of Standards and Technology (NIST) and industry partners to develop a new framework to improve the security and integrity of the technology supply chain, alongside plans to expand the Industrial Control Systems Cybersecurity Initiative to secure natural gas pipelines.
The big tech sector is also rallying behind with a roster of initiatives, including —
- Microsoft will invest $20…