Chief executives of companies in insurance, finance and big tech pledged to commit billions of dollars and resources in a public-private partnership at a White House meeting convened to address the emerging national security threat of cyberattacks, BestWire reported. Top executives of tech and finance companies such as Amazon, Microsoft, Google and JP Morgan Chase made big-dollar promises to President Joe Biden to boost training and accelerate advanced security solutions. The insurance industry will also play a significant role in strengthening cybersecurity, officials said. For instance, cyber insurance provider Resilience will require policyholders to meet a threshold of cybersecurity best practice as a condition of receiving coverage, CEO Vishaal Hariprasad said in a statement.
