Tech leaders sign pledge to boost cyber resilience

Up to 38 organisations have signed a pledge to strengthen cyber resilience and combat threats such as ransomware as challenges around cybersecurity globally increase.

According to Security Week, the Coalition to Reduce Cyber Risk (CR2) announced this week that it had been joined by 37 other organisations across eight geographies to tackle the challenge.

Some of the other signatories include AT&T, AWS, Cybereason, JP Morgan, IBM, Chase, Microsoft, NetScout, Red Hat, SAP, Trellix, Palo Alto Networks, Citrix, Schneider Electric, Verizon, Cyber Risk Institute and the US Chamber of Commerce amongst others.

By signing the pledge, such organisations show their commitment to driving the development and implementation of risk-based approaches based on widely accepted standards to back small businesses in adopting risk-based cybersecurity.

The signatories also pledged to improve cybersecurity standards and include them in policies and controls, as well as to periodically perform assessments of these policies and controls to ensure they remain standard-compliant.

CR2 said, “Internationally recognised cybersecurity frameworks and standards that are based upon the principles of risk management and relevant across sectors support such implementation by strengthening consistency and continuity among interconnected sectors and throughout global supply chains.

“A commitment to internationally recognised cyber risk management approaches and frameworks that are relevant across sectors can bring widespread economic benefits, help governments achieve their policy goals, bolster collective security, and enhance cyber resiliency across the ecosystem.”

Paladin Capital Group, a cybersecurity and tech investment firm, recently closed its Cyber Fund II on $372m.

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