Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Biden to convene private sector leaders for cybersecurity talks in August

Published 07/21/2021, 09:09 AM
Updated 07/21/2021, 09:15 AM
© Reuters. FILE PHOTO: U.S. President Joe Biden delivers remarks on the economy at the White House in Washington, U.S. July 19, 2021.  REUTERS/Jonathan Ernst

WASHINGTON (Reuters) - President Joe Biden and senior U.S. officials will meet private sector leaders on Aug. 25 to discuss ways to beef up cybersecurity, a White House spokesperson said on Wednesday, underscoring the need for collective action.

Members of Biden's national security team and officials from across the administration will meet business executives to "discuss how we can work together to collectively improve the nation's cybersecurity," the spokesperson for the White House National Security Council said.

No details were immediately available on which private sector executives would attend.

"Today more than ever, cybersecurity is an economic security and national security imperative, and both the federal government and the private sector play a critical role," the spokesperson said.

News about the meeting comes amid a surge in costly ransomware attacks and steps by the Biden administration to shore up the defense of critical infrastructure sectors, such as pipelines, against cyber attacks.

The Department of Homeland Security on Tuesday required owners and operators of critical pipelines that transport hazardous liquids and natural gas to implement "urgently needed protections against cyber intrusions."

It was the second security directive issued by the department's Transportation Security Administration since May, when a ransomware attack on the Colonial Pipeline disrupted fuel supplies in the southeastern United States.

The attack forced the 5,500-mile (8,900-km) pipeline to shut much of its network for several days, leaving thousands of gas stations across the U.S. Southeast without fuel. It was the most disruptive cyberattack on record.

© Reuters. FILE PHOTO: U.S. President Joe Biden delivers remarks on the economy at the White House in Washington, U.S. July 19, 2021.  REUTERS/Jonathan Ernst

Next month's high-level meeting continues a big push by the Biden administration to engage with private companies on how to increase cybersecurity, including among small businesses.

A pilot program focused on industrial controls launched in April has seen more than 145 of 255 priority electricity entities adopt cybersecurity monitoring technologies, and that number is growing, the spokesperson said.

Latest comments

Hacking is against the law!
hi
perfect timing since the WEF just held their cyber security games.Just like the pandemic games 3 months before the virus came about... but this will be stated a conspiracy theory by the criminals. Ha
since the civil war
Human is the weakest link. They gave hackers passwords, access codes, keys to their systems. We have to hold them accountable. Otherwise, it will happend again n again.
rrrright.. that frickin' turnip can't spell cyber.. so pathetic..
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.