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Microsoft calls on governments and businesses to work together to combat cybercrime

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President Brad Smith said governments and businesses are finally starting to work together to address the growing cybersecurity problems facing the world.

“It’s important for the United States and other governments to take the lead, and we in the tech sector can play a role we need to play to support this,” Smith said at the Wall Street Journal’s Tech Live conference Wednesday. It’s important. “

According to Smith, there are three main types of cyberattacks. Ransomware, nation-state-sponsored attacks, and disinformation campaigns. He said that in many cases these three types are mixed.

In August, Microsoft attended a meeting with President Biden at the White House with other companies to focus on cybersecurity. Promises $ 20 billion investment Over the next five years, we will build more advanced security tools. It also said it will invest $ 150 million to help US government agencies upgrade their security protections.

According to Smith, the insurance industry also attended the White House conference. This is important to motivate companies to start adopting better procedures for their security operations.

Smith, a longtime Microsoft employee and lawyer, took over the task of resolving antitrust proceedings against companies around the world when he was elected legal counsel in 2002. His role within the company has expanded in recent years. Shortly after Satya Nadella became CEO of the company, he was promoted to president in 2015. Last month he was appointed Vice Chairman of Microsoft.

In recent years, Smith has positioned himself as a kind of tech elder politician. He frequently appears in parliamentary hearings related to various issues such as cybersecurity and technology antitrust laws. In his 2019 book, Tools and Weapons, co-starring with Microsoft employee Carol Ann Browne, he has grown further into a key ideological leader in technology on cybersecurity and digital privacy.

At a journal meeting, he said Microsoft approved cybersecurity laws that impose obligations on companies, including Microsoft, to report cyberattacks.

“Technical departments need to go beyond the general approval of new regulations, rely on details and be prepared to actually identify what is being prepared to move forward,” Smith said.

Cybersecurity is a new big company for Microsoft. In January, the company announced that its security business revenues exceeded $ 10 billion, an increase of more than 40% annually. August, Microsoft Amazon.com Inc for many years.Hired Charlie Bell, a cloud executive at Run a new security department.

In a conversation with a customer, Smith said he heard that businesses couldn’t hire the right cybersecurity professionals to implement strong security. There are 462,000 jobs in the United States that require cybersecurity skills.

He said Microsoft will announce plans to address the labor shortage issue next week, but didn’t provide further details.

“We have big challenges that need to be addressed,” Smith said. “To deal with this, we need to mobilize national resources quickly.”

Write in Aaron Tilly aaron.tilley@wsj.com

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Microsoft calls on governments and businesses to work together to combat cybercrime

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