(Reuters) – The Biden administration intensifies its focus on cybersecurity spending after a wave of massive hacks and proposes new funding in the wake of the Colonial Pipeline ransomware attack this month.
In a statement on Tuesday, the White House announced the cyber element in President Joe Biden's U.S. job plan, including $ 20 billion for energy-intensive resorts and $ 2 billion in high-risk energy network grants.
President Biden's planned $ 100 billion broadband investment plan is also presented as cybersecurity spending on the grounds that beneficiaries will be asked to pick up from "trusted providers."
The security of the US energy network has long been a concern for cybersecurity experts. Regional blackouts in 2003 and 201
The amount of funding is likely to be a key issue as President Biden tries to win bipartisan support for his $ 2.3 trillion infrastructure plan, and Senate Republicans are expected to unveil their latest counter-proposal later on Tuesday.
Their first countermeasure overall required a fraction of President Biden's proposed spending and sought a total of $ 568 billion focused narrowly on traditional infrastructure and Internet connectivity. aimed at helping to bridge the gap between the proposals, especially in the wake of the attack on the Colonial Pipeline Co., which closed a critical fuel line and triggered panic purchases in some parts of the US East Coast.
The colonial hack followed two other high-profile intrusions aimed at Microsoft's Exchange e-mail software and software by SolarWinds Corp.