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GOOGLE, MICROSOFT TO INVEST $30B IN CYBERSECURITY




THE IT INDUSTRY'S POWERHOUSES WILL COMMIT ENORMOUS MONEY AND EFFORT TO ENHANCING
CYBERDEFENSE MEASURES

Aug 31, 2021 14:58 GMT  ·  By George Dascalu  ·  Comment  · 
Share:             
   Google, Microsoft To Invest $30B in Cybersecurity


Following sophisticated cyberattacks that targeted critical infrastructure,
organizations and governments around the world, Microsoft, Amazon, Apple, IBM
and Google pledged to invest a total of $30 billion in cybersecurity advances
over the next 5 years, according to The Hacker News. 

US plans to develop a framework to improve the supply chain technologies and
broaden CISA's role in safeguarding natural gas pipelines. A meeting was held in
this sense at the While House that included top representatives from various US
companies who agreed to help improve cybersecurity.

The pledges come following repeated high-profile cyberattacks on SolarWinds,
Microsoft, Colonial Pipeline, JBS, and Kaseya in recent months. U.S. President
Joe Biden also issued an executive order pushing federal agencies to strengthen
their cybersecurity systems.


TECH TITANS PLAN TO FIGHT FOR GREATER CYBERSECURITY VIA INVESTMENTS: 

Given the circumstances, top companies decided to step in and some even
announced future investments that can aid the U.S. common goal. For starters,
Google is investing more than $10 billion to strengthen zero-trust programs,
improve open-source security and protect software supply chains. Amazon plans to
further protect Amazon Web Service (AWS) clients against phishing attempts via a
free multi-factor authentication device.

Apple is currently negotiating with thousands of suppliers and plans to adopt
multifactor authentication, security event monitoring, and security training.
IBM announced that they are offering cybersecurity training in the nest 3 years
and are already in the talks with several schools and universities.Microsoft
plans to assist federal, state, and local security agencies directly with their
defensive needs and even dedicated around $20 billion over the next five years
for this purpose.

Regardless of the hard work and investments, let's not forget that initiatives
need some time before they can be put in practice. Nevertheless, it's a good
start as after all a journey of a thousand miles begins with a single step.


#Google#Microsoft#Invest#$30 Billion#Cybersecurity

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