Tech companies pledge billions in cybersecurity investments

The Washington gathering was held during a relentless stretch of ransomware attacks that have targeted and , as well as other illicit cyber operations that U.S. authorities have linked to foreign hackers.

The Biden administration has been urging the private sector to do its part to protect against those increasingly sophisticated attacks. In public remarks before the meeting, Biden referred to cybersecurity as a "core national security challenge" for the U.S.

"The reality is most of our critical infrastructure is owned and operated by the private sector, and the can't meet this challenge alone," Biden said. "I've invited you all here today because you have the power, the capacity and the responsibility, I believe, to raise the bar on cybersecurity."

After the meeting, the White House announced that Google had committed to invest $10 billion in cybersecurity over the next five years, money aimed at helping secure the software supply chain and expand zero-trust programs. The Biden administration has looked for ways to safeguard the government's supply chain following a massive Russian government cyberespionage campaign that exploited vulnerabilities and gave hackers access to the networks of U.S. government agencies and .

Apple CEO Tim Cook, left, and IBM CEO Arvind Krishna listen as President Joe Biden speaks during a meeting about cybersecurity in the East Room of the White House, Wednesday, Aug. 25, 2021, in Washington. Credit: AP Photo/Evan Vucci

President Joe Biden speaks during a meeting about cybersecurity, in the East Room of the White House, Wednesday, Aug. 25, 2021, in Washington. Credit: AP Photo/Evan Vucci

President Joe Biden speaks during a meeting about cybersecurity in the East Room of the White House, Wednesday, Aug. 25, 2021, in Washington. Credit: AP Photo/Evan Vucci

From left, PG&E CEO Patti Poppe, Southern Company CEO Tom Fanning, SJW Group CEO Eric Thornburg, and American Water CEO Walter Lynch attend a meeting about cybersecurity with President Joe Biden in the East Room of the White House, Wednesday, Aug. 25, 2021, in Washington. Credit: AP Photo/Evan Vucci

This Feb 23, 2019, file photo shows the inside of a computer. President Joe Biden is meeting with top executives from some of the country's leading technology companies and financial institutions as the White House works to enlist the private sector's help in firming up cybersecurity defenses against increasingly sophisticated attacks. Credit: AP Photo/Jenny Kane, File