You must need to know what “Big Technology” means; an unofficial term given to a casual organization of the biggest technology companies across the globe is called “Big tech”. These companies include Amazon, Apple, Google, Microsoft and more.
Some of the business leaders in the different industries, which range from insurance to technology, pledged a billion-dollar amount to bolster cybersecurity efforts at the time of the White House meeting with Joe Biden last Wednesday.
This meeting comes in the wake of the various high profile cyber-attacks, which includes against government software vendor Colonial Pipeline and SolarWinds, which have also made these security concerns even more urgent.
Commitments which range from developing some new industry standards to offer more powerful security tools to other companies and training workers to fill the 500000 unfilled US cybersecurity positions. Joe Biden, the President of the America, has also signed a strategic executive order which requires US agencies to use a 2FA for logins, which can help prevent cyber-attacks.
The Apple and White House will going to create a program dedicated to improving security across its emerging technology supply chains, which will also going to include working with vendors to adopt multi-factor authentication and security training.
Search engine giant, Google has revealed that it will now going to invest more than $10 billion in the coming five years to strengthen cybersecurity and has pledged to train around 100000 Americans in technical areas such as data analysis and IT support via its certificate program.
Search engine, Google’s financial crisis commitment will now going to be used to strengthen the software open source security and supply chain, among others.
Microsoft has also committed $20 billion in the next five years to offer more advanced security tools, Satya Nadela, the CEO of Microsoft, tweeted after the meeting with Joe Biden. As per the report, Microsoft would now going to invest $150 million to help government agencies upgrade their cybersecurity training and security systems partnerships. Microsoft has also spent $1 billion a year on cybersecurity since 2015.
The largest IT tech giant company, IBM, revealed that it would train 150000 people in cybersecurity skills in the coming three years while collaborating with historically colleges and universities to help diversify the workforce. The company has also revealed a new data storage solution for critical infrastructure companies and revealed it is working on creating secure encryption methods for quantum computing.
Arvind Krishna, the CEO of IBM, revealed to CNBC ahead of the meeting and outside the White House last Wednesday that cybersecurity was “the problem of the decade”. He revealed that he hoped to see more strategic partnerships between the private and public sectors come out of the meeting and that IBM would do its part to help skilled workers in the space.
AWS (Amazon Web Services), the Amazon cloud computing division, plans to offer account holders free multi-factor authentication devices to better secure their data. It also plans to provide with a “security awareness training” to both the individuals and organizations.
As per the executive spokesperson for the financial services firm, TIAA highlighted various ongoing initiatives it has undertaken to train more workers in cybersecurity. These even include strategic collaboration with the New York University that allows TIAA associates to pursue a fully reimbursed master’s degree in cyber.
CEO of JPMorgan Limited, Jamie Dimon, after stepping out of the White House, called the meeting a “very productive collaborative discussion”.
“I hope we will continue to follow up and do a good job of protecting our country from a really complex issue,” he said.
Microsoft CEO Satya Nadella has also revealed in an event “brought together the right group of people to have a good discussion.”
Two major executives leaving the meeting told CNBC that the discussion emphasized the partnership between the different sectors. Walter Lynch, the CEO of American Water, has also revealed that there was “an understanding that we must work together to address the cyber threats facing the country.”