Washington: President Joe Biden meets Wednesday with the top executives of several leading technology companies of the country and financial institutions as a White House urging the private sector to help strengthen the increasingly sophisticated cybersectic defense against increasingly sophisticated attacks on attacks.
The Summit came during a stretch of relentless ransomware attack targeting critical infrastructure, in some cases extorting multi-million dollar payments from large companies, and other illegal cyber operations related by US authorities.
Although Ransomware is one of the focuses of Wednesday’s meeting, the aim of the meeting is wider and centered on identifying the “root causes of dangerous cyber activities” and ways in which the private sector can help improve Siber’s security, a senior administrative official who directs reporters meeting on Anonymity conditions.
Among the guests who expected on Wednesday’s meeting was the Chief Executive Apple Tim Cook, Chief Amazon Executive Andy Jassy and Sundar Pichai, CEO of Alphabet Inc., Google Parent Company.
The technology industry is also expected to be represented by IBM leaders, Microsoft and automatic data processing.
In addition to Biden, several Cabinet Secretaries and National Security Officers will represent the administration.
The meeting took place as the National Security Team Biden had been consumed by the withdrawal of troops in Afghanistan and the evacuation of the American evacuation and Afghans.
The fact of the fixed meeting on the calendar underlines how the administration considers Cybersecurity as the main agenda item, with a senior administrative official who describes the event Wednesday as a “call to act.” Financial Industry Executives are also expected, including the Chief Executive of Bank of America and JP Morgan Chase, as well as representatives from the energy, education and insurance sectors.
The extensive cross-section of participants underlines how cyber attacks have cut almost all trade sectors.
In May, for example, a hacker associated with Russian-based cyber gang launched a ransomware attack on the main fuel pipeline in the US, causing the company for a while operating time.
A few weeks later, the largest meat processor in the world, JBS SA, was hit with attacks by different hacking groups.
In both cases, the company makes a multi-million dollar ransom in an effort to return online.