October 27, 2021

U.S. to work with Big Tech, finance sector on new cybersecurity guidelines

  • Biden urges companies to ‘raise the bar’
  • Microsoft, Google to invest billions
  • Half a million cybersecurity jobs unfilled

WASHINGTON, Aug 25 (Reuters) – The U.S. government on Wednesday said it would work with industry to hammer out new guidelines to improve the security of the technology supply chain, as President Joe Biden appealed to private sector executives to “raise the bar on cybersecurity.”

At White House meetings with Biden and members of his Cabinet, executives from Big Tech, the finance industry and infrastructure companies said they would do more about the growing threat of cyber attacks to the U.S. economy.

“The federal government can’t meet this challenge alone,” Biden told the masked executives in the East Room, telling them, “You have the power, the capacity and the responsibility, I believe, to raise the bar on cybersecurity.”

After the meeting, the White House said…

Read full article here: www.reuters.com