U.S. to work with Big Tech, finance sector on new cybersecurity guidelines

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President Biden asked Big Tech, the finance industry and key infrastructure companies to do more to tackle the growing cybersecurity threat to the U.S. economy

After the meeting, Amazon said it would make its cybersecurity training available to the public for free, and it would give multi-factor authentication devices to some cloud computing customers, starting in October.Apple Inc Chief Executive Officer Tim Cook listens as U.S.

Google said it was devoting $10 billion to cybersecurity over the next five years, but it was not immediately clear what if any of the figure represented new spending. It also said it would help 100,000 Americans earn industry-recognized digital skills certificates that could lead to high-paying jobs.

"So, if a company is willing to adhere to the minimum standards, they'll have insurance, and if not, they'll have to identify those gaps so they can get to that baseline," he said.

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