- International Business Machines Corp IBM announced it is creating the IBM Center for Government Cybersecurity at IBM's offices in downtown Washington DC to assist the federal agencies in addressing the cybersecurity threat issues.
- The move comes after multiple infrastructure hack, including SolarWinds Corp SWI and the Colonial Pipeline, allegedly targeting government agencies.
- The IBM Center for Government Cybersecurity will be housed at IBM's offices in downtown Washington DC.
- The Biden government has prioritized cybersecurity funding due to the recent cyber-attacks.
- Price action: IBM shares are trading higher by 0.21% at $144.5 on Tuesday.
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