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Google, Microsoft To Invest More Than $30 Billion In Cybersecurity

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Google – Alphabet Inc (NASDAQ:GOOGL) – and Microsoft Corporation (NASDAQ:MSFT) have promised U.S. President Joe Biden to improve national cybersecurity by investing $30 billion in the coming years.

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Heavy Investments

As reported by The Verge, Biden held a meeting Wednesday with leading private sector and education representatives to discuss the necessary efforts to address the cybersecurity threats facing the country.

He highlighted the recent high-profile cybersecurity incidents against “government agencies and energy infrastructure like the Colonial Pipeline.”

In this sense, the White House emphasized that cyber threats affect companies of all sizes, as well as towns and cities in all corners of the country. This has a strong effect on the personal finances of middle-class families.

“Cybersecurity is an imperative of national and economic security,” the President said.

“The reality is, most of our critical infrastructure is owned and operated by the private sector, and the federal government can’t meet this challenge alone.”

After the meeting, the White House announced that Google had confirmed investments of around $10 billion in the next five years to expand the “zero trust” programs to help secure the software supply chain and enhance open source security.

“Google also promised to train more than 100,000 Americans in data analytics and IT support through the company’s Career Certificate program.”

“Microsoft said that it would invest $20 billion in five years,” to accelerate efforts to integrate cybersecurity and offer advanced security solutions.

More To Come

Microsoft further said it will immediately make $150 million available for technical services to assist federal, state, and local governments with upgrading security protection. Bill Gate’s titan firm will also expand collaborations with schools and non-profit organizations for cybersecurity training.

in the same line, Apple Inc (NASDAQ:AAPL) will establish a new program to drive continuous security improvements throughout the technology supply chain.

As part of the program, the company will work with its suppliers to drive the mass adoption of multi-factor authentication, security training, vulnerability correction, event log, and incident response.

The meeting on Wednesday –The Verge reports– was attended by Alphabet CEO Sundar Pichai, Amazon Inc (NASDAQ:AMZN)’s CEO Andy Jassy, Apple CEO Tim Cook, IBM Common Stock (NYSE:IBM)’s Chair and CEO Arvind Krishna, and Microsoft’s CEO Satya Nadella, “along with representatives from other industries like energy and education.”

Google and Amazon are part of the Entrepreneur Index, which tracks 60 of the largest publicly traded companies managed by their founders or their founders’ families.