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Tech Companies Pledge Billions In Cyber Security Investments

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Apple CEO Tim Cook, left, and IBM CEO Arvind Krishna listen as President Joe Biden speaks during a meeting about cybersecurity in the East Room of the White House, Wednesday, Aug. 25, 2021, in Washington. (AP Photo/Evan Vucci)

(AP) — Some of the country’s leading technology companies have committed to investing billions of dollars to strengthen cybersecurity defenses and to train skilled workers. The White House made the announcement Wednesday following President Joe Biden’s private meeting with top business executives. The gathering was held during a relentless stretch of ransomware attacks that have targeted critical infrastructure, in some cases with the attackers extorting multimillion-dollar payments from major corporations, as well as other illicit cyber operations that U.S. authorities have linked to foreign hackers.

 

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