US partnership with Big Tech on cyberspace

The U.S. government said Wednesday it would work with Big Tech to set new guidelines for improving technology supply chain security as President Joe Biden called on private sector executives to "raise the bar on cybersecurity."

screenshot 2021 08 26 at 07 56 05 us to work with big tech, finance sector on new cybersecurity guidelines

At Biden's meetings at the White House with members of his cabinet, Big Tech executives, the financial industry and infrastructure companies, they said they would take action against the growing threat of cyber-attacks on the US economy.

"The federal government can not meet this challenge alone," Biden told the East Room.

Following the meeting, the White House said the National Institute of Standards and Technology (NIST) would work with industry and other partners on new guidelines for creating secure technology and evaluating technology security, including open source software.

Microsoft, Google, Travelers and Coalition, a cybersecurity provider, among others, have pledged to join the new NIST-led initiative.

Cybersecurity tops Biden's agenda after a series of attacks on the company SolarWinds Corp. Network Management, the company Colonial Pipeline, the meat processing company JBS and the software company Kaseya. The attacks damaged the United States far more than the hacking companies, affecting fuel and food supplies.

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