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

White House will meet execs from Apple, Amazon, IBM to discuss software security

Published 01/13/2022, 05:05 AM
Updated 01/13/2022, 05:10 AM
© Reuters. FILE PHOTO: A man holds a laptop computer as cyber code is projected on him in this illustration picture taken on May 13, 2017. REUTERS/Kacper Pempel/Illustration

By Nandita Bose

(Reuters) - The White House will meet executives from leading tech firms, including Alphabet-owned Google (NASDAQ:GOOGL), Apple Inc (NASDAQ:AAPL) and Amazon.com Inc (NASDAQ:AMZN), on Thursday to discuss software security after the United States suffered several major cyberattacks last year.

In December, White House National Security Advisor Jake Sullivan sent a letter to chief executives of tech firms after the discovery of a security vulnerability in open-source software called Log4j that organizations around the world use to log data in their applications.

In the letter, Sullivan noted that such open source software is broadly used and maintained by volunteers and is a " key national security concern."

Thursday's meeting, which will be hosted by deputy national security advisor for cyber & emerging technology, Anne Neuberger, will discuss concerns around the security of open-source software and how it can be improved, the White House said in a statement.

Other top tech companies in attendance at the meeting will include IBM (NYSE:IBM), Microsoft Corp (NASDAQ:MSFT), Meta Platforms Inc which owns Facebook (NASDAQ:FB) and Oracle Corp (NYSE:ORCL). Government agencies, including the Department of Homeland Security, Department of Defense and the Commerce Department, will also be in attendance.

Cybersecurity has been a top priority for the Biden administration after several major cyberattacks last year, which exposed thousands of records held by companies and government agencies to hackers.

© Reuters. FILE PHOTO: A man holds a laptop computer as cyber code is projected on him in this illustration picture taken on May 13, 2017. REUTERS/Kacper Pempel/Illustration

One hack, which the U.S. government has said was likely orchestrated by Russia, breached software made by SolarWinds and gave hackers access to thousands of companies and government offices that used its products. The hackers got access to emails at the U.S. Treasury, Justice and Commerce departments, and other agencies.

The growing frequency and impact of such attacks prompted the administration to issue an executive order last year that created a review board and new software standards for government agencies.

 

 

Latest comments

Best idea I've heard lately.
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.