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The Implications of Big Tech’s Meeting With Biden

It’s no secret that cybersecurity breaches are a major concern for businesses across all industries, and governments are starting to take notice.

On August 25, 2021, the U.S government met with business leaders from some of the tech sector’s giants, including Microsoft, IBM, Apple, and Google. The purpose of this meeting was to address the ongoing cybersecurity issues becoming more prevalent as technology advances and becomes more intuitive and accessible.

Big data is no longer just an industry buzzword — it’s estimated to grow to $103 billion by 2027. It’s no wonder that the tech sector needs to acknowledge the challenges that will arise from this growth. Before this meeting, President Joe Biden said that cybersecurity was “a core national security challenge” to the U.S.

Implications for Cybersecurity Industry

So, what occurred in this meeting, and how will it impact the IT industry?

Several recent, high-profile cyberattacks had to be addressed during this meeting in Washington. The attacks targeted government software contractor SolarWinds.

In addition, Colonial Pipeline experienced a ransomware cyberattack, which garnered media attention.

President Joe Biden gathered his team to discuss plans moving forward to adequately address some of the rising concerns over these attacks.

Here are some of the changes that might occur from this meeting:

  • Working toward new cybersecurity industry standards
  • Supplying older businesses with stronger cybersecurity tools offer improved protections against potential threats
  • Providing skills to untrained workers to hopefully fill more cybersecurity jobs

President Biden also issued an executive order which requires U.S. agencies to use two-factor authentication for all employee logins. Two-factor authentication is known for being a useful tool to protect employees from unauthorized access to their computers.

ALSO READ | Why the New Executive Order will result in wider rollout of Zero Trust Adoption

Additionally, some of the leading technology companies, like Google and IBM, have committed to investing billions of dollars into some of these changes listed above. The White House announced after the meeting that Google had committed to invest $10 billion into cybersecurity in the next five years.

Here’s what each tech giant offered after the meeting:

  • Microsoft: Invest $20 billion into cybersecurity in a period of five years and put $150 million in technical services so local governments can enhance their defenses
  • Amazon: Would open up their employee cybersecurity training to the public
  • IBM: Will train 150,000 new people in cybersecurity
  • Apple: Will develop a program to strengthen the technology supply chain

In addition to the companies’ contributions, the White House announced that the National Institute of Standards and Technology (NIST) would work with its partners within the industry to provide new cybersecurity guidelines for building secure technology.

This meeting was necessary to ensure protection for the government and various industries within the country.

The Bigger Picture

Representatives from nonprofit organizations were also invited to attend this meeting at the White House. One organization, Girls Who Code, is a leading nonprofit that works every day to inspire girls to pursue positions in cybersecurity.

This was certainly a crucial meeting that would impact the existing cybersecurity measures to protect the United States government. As artificial intelligence (AI), the Internet of Things (IoT), and 5G technology all emerge during this time, cybersecurity’s role becomes that much more important.

These technologies could both positively and negatively impact several industries, from retail to manufacturing. Without the proper preventive measures in place, the country would be left completely vulnerable to cyber attacks.

These tech giants likely decided to contribute to the President’s initiative to strengthen cybersecurity because of the administration’s power to enact potential legislation.

Cybersecurity in the Future

Cybersecurity attacks pose serious threats to the country’s national security. It was only a matter of time before the Biden Administration met to discuss these current issues. Limiting attacks and preventing them in the first place is a safe way to ensure data is protected.

All government agencies should be using a comprehensive cybersecurity program to determine who and where these threats come from. It’ll be interesting to monitor the ongoing cybersecurity situation under the current administration.

Conclusion

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This blog was written by an independent guest blogger.

About the Author: Devin Partida

Devin

 

Devin Partida is cybersecurity and technology writer, as well as the Editor-in-Chief of the tech blog ReHack.com.

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