Google and Microsoft have revealed that they are planning to invest $30bn in cybersecurity advancements over the next five years.
According to Hacker News, the move comes as the US government partners with private sector firms to tackle cyberthreats facing the country following a string of severe attacks.
Microsoft will invest around $20bn over the next five years to provide advanced security solutions and will also make available $150m in technical services to support federal, state and local governments in updating and upgrading their security protections.
Meanwhile, Google will invest over $10bn to strengthen cybersecurity in the US by expanding zero-trust programs, securing the software supply chain and bolster open-source security.
Alongside both Microsoft and Google, Amazon, IBM and Amazon will also provide services to help the fight against cybercrime.
Apple has revealed it intends to work with over 9,000 of its suppliers to push for mass adoption of multi-factor authentications, event logging, security training and vulnerability remediation. IBM has offered to train 150,000 people in cybersecurity skills over the next three years.
In addition, Amazon has stated it will make available to all Amazon Web Services account holder a multi-factor authentication device to protect against phishing and password theft at no further cost.
The US Department of Justice recently revealed it was launching a fellowship program that is designed to develop legal expertise to deal with cyber threats that impact national security.
Copyright © 2021 RegTech Analyst
Copyright © 2018 RegTech Analyst
