Biden calls for $22 billion in cyber security funding

President Biden has made strengthening US cybersecurity capabilities a top priority

The Biden administration have called for $20 billion in grants to harden the nation’s energy systems by strengthening cyber security and the energy grid’s resilience. It also proposed $2 billion in federal grants to support microgrids and grid resilience in areas with a high risk of power outages.

The White House said in a statement: “Specifically, these modernisation block grants will be tied to the use of and compliance with 21st century energy, technology, and security standards.

“Eligibility for these grants will also be contingent on policies requiring installation of technology that detects and blocks malicious cyber activity on information and operational technology networks, consistent with privacy protections.”

The statement follows the Colonial Pipeline ransomware attack, which caused gas shortages in the southeastern US; last December’s Solarwinds hacks, which affected 18,000 organisations worldwide including the US Department of Homeland Security; and recent widespread cyber attacks exploiting vulnerabilities in the Microsoft Exchange Server. 

Executive Order

Last week, Biden signed an executive order to increase the US’s defences against cyber attacks and provide better lines of communication between law enforcement and service providers to enhance investigations.

That Executive Order on Improving the Nation’s Cyber Security requires information technology and operational technology service providers to share cyber security threat information with the government. Federal agencies must also implement multifactor authentication to their systems and encrypt all data in the next 180 days and deploy a zero-trust security architecture.

The White House is also readying a plan created by the National Security Council to increase the cyber security and resilience of the electrical grid. It will carry incentives that will make it more appealing for electrical operators to implement protections. Those protections include cyber security monitoring equipment and an assessment to identify sites that would present the most risk to the grid in an attack. That plan will also extend Cyber Testing for Resilient Industrial Control Systems, a partially classified plan that identifies vulnerabilities in the electrical grid that intruders could exploit.



Featured Articles

Tech & AI LIVE: Key Events that are Vital for Cybersecurity

Connecting the world’s technology and AI leaders, Tech & AI LIVE returns in 2024, find out more on what’s to come in 2024

MWC Barcelona 2024: The Future is Connectivity

Discover the latest in global technology and connectivity at MWC Barcelona 2024, where industry giants converge to discuss 5G, AI and more industry trends

AI-Based Phishing Scams Are On The Rise This Valentine’s Day

Research from Egress Threat Intelligence, Avast, Cequence Security & KnowBe4 outlines how AI is being used in dating app phishing scams on Valentine’s Day

Speaker Lineup Announced for Tech Show London 2024

Technology & AI

Darktrace predicts AI deepfakes and cloud vulnerabilities

Cloud Security

Secure 2024: AI’s impact on cybersecurity with Integrity360

Technology & AI