White House rolls out pipeline, supply chain security initiatives as companies pledge billions in cyber spending

The Biden administration on Wednesday announced initiatives to bolster supply chain and natural gas pipeline security, following a White House private sector cybersecurity summit where major companies pledged billions of dollars in cyber spending.

The National Institute of Standards and Technology will collaborate with industry to develop guidelines for building secure technology, in the first of two administration initiatives. In the other, the administration formally expanded its industrial control systems cybersecurity initiative — under which 150 electric utilities agreed to deploy control system security tech — to natural gas pipelines.

Tech giants, insurance companies and educational organizations will exit the summit with cybersecurity commitments large and small. Microsoft announced $20 billion over five years to integrate “cybersecurity by design,” which means incorporating security into products as they’re being built, while Google announced $10 billion over the same period to expand “zero trust” programs, secure the software supply chain and improve open source security.

The effort comes after a June ransomware incident in which hackers breached Colonial Pipeline, forcing the company to halt fuel transportation across parts of the U.S. for days. Before that, alleged Russian spies leveraged SolarWinds, using that federal contractor as a means of infiltrating nine U.S. agencies.

Among other pledges, IBM vowed to train 150,000 people in cyber skills over three years, Coalition will offer free risk assessment tools and Code.org said it would teach cyber concepts to 3 million students over three years.

Before meeting with the industry leaders, Biden called cybersecurity “the core national security challenge the American people are facing, and our economy is facing.”

With so much critical infrastructure in private ownership, “The federal government can’t meet this challenge alone,” he said.

“I’ve invited you all here today because you have the power, the capacity and responsibility, I believe, to raise the bar on cybersecurity,” the president told attendees.

The post White House rolls out pipeline, supply chain security initiatives as companies pledge billions in cyber spending appeared first on CyberScoop.

Source

This site uses cookies to offer you a better browsing experience. By browsing this website, you agree to our use of cookies.