Big Tech pledges billions to bolster US cybersecurity defenses

500,000 cybersecurity jobs across the U.S remain unfilled

Tech giants AppleGoogle and Microsoft have pledged billions to bolster U.S. cybersecurity following a meeting with President Joe Biden at the White House on Wednesday. The meeting, which also included attendees from the financial and education sectors, was held following months of high-profile cyberattacks against critical infrastructure and several U.S. government agencies, along with a glaring cybersecurity skills gap; according to data from CyberSeek, there are currently almost 500,000 cybersecurity jobs across the U.S that remain unfilled.

“Most of our critical infrastructure is owned and operated by the private sector, and the federal government can’t meet this challenge alone,” Biden said at the start of the meeting. “I’ve invited you all here today because you have the power, the capacity and the responsibility, I believe, to raise the bar on cybersecurity.”

In order to help the U.S. in its fight against a growing number of cyberattacks, Big Tech pledged to invest billions of dollars to strengthen cybersecurity defenses and to train skilled cybersecurity workers.

https://techcrunch.com/

Massive ransomware attack in US

More than 1,000 companies hit

A massive ransomware attack on the software supply chain has impacted more than 1,000 businesses so far, and the number may continue to grow, according to the cybersecurity firm Huntress Labs Inc.


The attack has focused on managed service providers, which provide IT services primarily to small- and medium-sized businesses. Such attacks can have a multiplying effect, since the hackers may then gain access and infiltrate the MSPs’ customers too.
So far, more than 20 MSPs have been affected, said John Hammond, a cybersecurity researcher at Huntress Labs. A managed service provider (MSP) is an outsourced third-party company that manages and assumes the responsibility of a defined set of day-to-day management services to its customers.

https://www.business-standard.com/