Biden Proposes Billions for Cybersecurity After Wave of Attacks

May 18, 2021, 9:00 AM

President Joe Biden’s infrastructure proposal includes billions of dollars tied to improving cybersecurity, an area of intensified interest after the ransomware attack on the Colonial Pipeline Co. sent U.S. gasoline prices soaring last week.

But the exact amount that will be spent on improving cyber defenses remains to be seen.

The $2 trillion American Jobs Plan, as the infrastructure proposal is known, includes $20 billion for state, local and tribal governments to modernize their energy systems contingent upon meeting cybersecurity standards, as well as $2 billion for grid resilience in high-risk areas that will be contingent on meeting cybersecurity ...

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