Apple, Amazon, Microsoft CEOs Said To Be Attending Joe Biden's Cybersecurity Meeting

Amazon.com Inc AMZN CEO Andy Jassy is among key Big Tech executives who will meet President Joe Biden at a White House meeting on Wednesday to discuss efforts to boost the country’s critical defenses against cyber threats, Reuters reported on Tuesday, citing a source. 

What Happened: Apple Inc AAPL CEO Tim Cook, Microsoft Corp’s MSFT Satya Nadella are also attending the White House cybersecurity event to wich chief executives of other large tech companies, banks, energy companies and water utilities have been invited as well, Bloomberg reported separately.

See Also: Why Cybersecurity Stocks Are Trading Lower Today

Why It Matters: The U.S. government is enlisting tech companies to a joint cyber defense collaboration focused on combating ransomware and cyberattacks after a series of recent incidents which crippled American companies and government agencies. The collaboration is aimed at improving defense planning and information sharing between government and the private sector.

Price Action: Amazon shares closed 2.06% higher at $3,265.87 on Monday.

Photo: Courtesy of Valery Marchive via Wikimedia

For news coverage in French, Italian, or Spanish, check out Benzinga FranceBenzinga Italia, or Benzinga España.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: GovernmentNewsRegulationsTechAndy Jassybig techCybersecurityJoe BidenSatya NadellaTim Cook
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!