A group of 34 companies, including Microsoft, Cloudflare, Facebook, Github and Cisco, have signed on to the Cybersecurity Tech Accord, a multilateral pledge to work together and defend consumers against cybercriminals and nation-state hackers, while also promising to increase information sharing about malicious code to stem the tide of cybercrime.
Numerous businesses and organizations have experienced economic losses, expected to reach $8 trillion by 2022. Recent cyber attacks have caused small businesses to shutter their doors, hospitals to delay surgeries and governments to halt services, among other disruptions and safety risks. The aim of the Tech Accord is to protect the integrity of the one trillion connected devices expected to be deployed within the next 20 years.
“The devastating attacks from the past year demonstrate that cybersecurity is not just about what any single company can do but also about what we can all do together.” said Microsoft President Brad Smith. “This tech sector accord will help us take a principled path towards more effective steps to work together and defend customers around the world.”
“We will not help governments launch cyber attacks against innocent citizens and enterprises from anywhere.”
The signatories said their first meeting would be held at the RSA security conference in San Francisco, which is taking place this week, and would focus on “capacity building and collective action.”
Cybersecurity Tech Accord Signatories:
- CA TECHNOLOGIES
- HP INC
- JUNIPER NETWORKS