Focus shifts to cyber security after US meet

President Joe Biden’s meeting with the big tech leaders yesterday had a clear focus. Cyber security. Estimated 500,000 vacancies exist on the cyber security side of things and the Government wants the Big Tech to lead the cyber security area and bridge the security gaps. For the uninitiated, we have seen the number of cyber attacks going up massively. Especially during the pandemic, and since last December, we have noticing an alarming increase in ransomware attacked on US based companies, healthcare providers and financial organizations.

Microsoft, Google and IBM have committed special funds to train people on cybersecurity skills. While Google has committed a spending of $10 billion over the course of next 3 years, Microsoft commits spends of $20 billion to improve cyber resilience. IBM has committed to training 150,000 people over the next 3 years in the field of cyber security. All these investments are slated to improve cyber security resilience and infrastructure across the US.

20 executives from top American companies attended the meeting with President Joe Biden. Apple’s Tim Cook, Alphabet’s Sundar Pichai, Microsoft’s Satya Nadella, IBM’s Arvind Krishna and Amazon’s Andy Jassy were among the leaders who attended the meeting for the tech sector. The Banking sector was represented by Jamie Dimon of JPMorgan Chase and Brian Moynihan of Bank of America. The insurance sector was also duly represented in the cyber security meet.

Emergence of threats through cyber warfare has become real. The most notable attacks over the previous year have been the attacks on SolarWinds, and Microsoft. Past month has seen ransomware disclosures by US based healthcare organizations. Most threats to the US infrastructure seem to be taking place from the Russian and Chinese hackers. There is an increasing need to fulfill cyber security obligations to normal users by the service providers and industry leaders. And, an urgent need to augment the Internet’s infrastructure and technology to pre-empt ransomware and hacking attempts on the public and private infrastructure.