(Reuters) – The US government said on Wednesday that it would work with industry to develop new guidelines to improve security in the technology supply chain, as President Joe Biden appealed to private sector executives to "raise the bar for cyber security"
At White House meetings with Biden and members of his cabinet, executives from Big Tech, the financial industry and infrastructure companies said they would do more to address the growing threat of cyberattacks on the US economy.
"The federal government cannot meet this challenge alone, "Biden told the disguised East Room executives." You have the power, capacity and responsibility, I think, to raise the bar for cybersecurity. "
Following the meeting, the White House said that the National Institute of Standards and Technology would work with industry and other partners on new guidelines for building secure technology and assessing technology security, including open source software.
Microsoft Corp., Google, Travelers Cos. Inc. and Coalition Inc., a cyber insurance provider, among others, engaged in participating in a new NIST-led initiative. Colonial Pipeline, the meat processing company JBS and the software company Kaseya, the attacks harm the United States far beyond just the hacked companies, affecting fuel and food supplies.
"We have a lot of work to do," Biden said, referring to both ransomware attacks and his pressure to get Russian President Vladimir Putin holds responsibility for Russian cyber gangs and the need to fill almost half a million public and private cyber security jobs.
The guest list included Amazon.com Inc. CEO Andy Jassy, Apple Inc. CEO Tim Cook, Microsoft CEO. Satya Nadella, Google's parent Alphabet Inc., CEO Sundar Pichai and IBM CEO Arvind Krishna.
After the meeting, Amazon said it would make its cybersecurity training available to the public for free, and it would provide multi-factor authentication devices to some cloud-based customers, starting in October.
Microsoft said it will invest $ 20 billion over five years, a fourfold increase from current prices, to accelerate its cybersecurity efforts and make $ 1
IBM said it will train more than 150,000 people in cybersecurity skills over three years and will partner with historically black colleges and universities to create a more diverse cyber workforce.  Google said it had set aside $ 10 billion for cybersecurity over the next five years, but it was not immediately clear what if any of those numbers represented new spending. It also said it would help 100,000 Americans earn industry-certified digital skills certificates that could lead to high-paying jobs.
Vishaal Hariprasad, CEO of Resilience Cyber Insurance Solutions, told Reuters that his company would work with the government to set clear standards for cyber security, and would require policyholders to meet those standards.
"So if a company is willing to comply with the minimum requirements, they have insurance, and if not, they have to identify those gaps so they can reach that baseline," he said.
"It's not just about making our companies safer, but also to make sure we do something to deal with the crooks. "
Managers of the energy company Southern Co. and JPMorgan Chase & Co. also participated in the event.
The event featured senior cybersecurity officials from the Biden administration, including National Cyber Security Director Chris Inglis and Homeland Security Secretary Alejandro Mayorkas.