Tech Titans Join US Cyber Team to Fight Ransomware

An employee works at a computer in Angers, France, July 3, 2019. REUTERS/Stephane Mahe
An employee works at a computer in Angers, France, July 3, 2019. REUTERS/Stephane Mahe
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Tech Titans Join US Cyber Team to Fight Ransomware

An employee works at a computer in Angers, France, July 3, 2019. REUTERS/Stephane Mahe
An employee works at a computer in Angers, France, July 3, 2019. REUTERS/Stephane Mahe

US cybersecurity officials on Thursday said Amazon, Google and Microsoft have enlisted to help them fight ransomware and defend cloud computing systems from hackers.

The tech giants are among firms signed on to be part of a Joint Cyber Defense Collaborative intended to combine government and private skills and resources to fight hackers, according to the Cybersecurity and Infrastructure Security Agency (CISA).

"With these extraordinarily capable partners, our initial focus will be on efforts to combat ransomware and developing a planning framework to coordinate incidents affecting cloud service providers," said CISA director Jen Easterly.

US President Joe Biden last week expressed concern about the recent increase in cyberattacks, including via ransomware, which typically see hackers encrypting victims' data and then demanding money for restored access, according to AFP.

"If we end up in a war, a real shooting war, with a major power, it's going to be as a consequence of a cyber breach," Biden said.

Easterly introduced the new collaborative at a Black Hat cybersecurity conference in Las Vegas, where professionals from across the industry met to share research and innovations.

"Damages from cybercrime is costing the world trillions; and ransomware has become a scourge," Easterly said in a keynote presentation at the event.

"I want to focus on strengthening the government's collaboration with the private sector -- industry, academia, researchers, hackers."

The new center will be involved in coordinating national cyber defense and sharing insights into threats, as well as take part in joint exercises, according to CISA.

Easterly urged more computer security firms to join the collaborative effort.

The list of those who have already signed on includes Amazon Web Services, AT&T, Crowdstrike, FireEye, Google and Microsoft.



AI Firm CoreWeave Denies Contract Cancellations with Microsoft

FILE PHOTO: A Microsoft logo is pictured on a store in the Manhattan borough of New York City, New York, US, January 25, 2021. REUTERS/Carlo Allegri/File Photo
FILE PHOTO: A Microsoft logo is pictured on a store in the Manhattan borough of New York City, New York, US, January 25, 2021. REUTERS/Carlo Allegri/File Photo
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AI Firm CoreWeave Denies Contract Cancellations with Microsoft

FILE PHOTO: A Microsoft logo is pictured on a store in the Manhattan borough of New York City, New York, US, January 25, 2021. REUTERS/Carlo Allegri/File Photo
FILE PHOTO: A Microsoft logo is pictured on a store in the Manhattan borough of New York City, New York, US, January 25, 2021. REUTERS/Carlo Allegri/File Photo

IPO-bound AI cloud startup CoreWeave said on Thursday it had not seen any contract cancellations after the Financial Times reported that the company's largest customer Microsoft had moved away from some agreements.

"We pride ourselves in our client partnerships and there have been no contract cancellations or walking away from commitments. Any claim to the contrary is false and misleading," a CoreWeave spokesperson told Reuters in an emailed statement.

The FT had reported, citing sources, that Microsoft withdrew from some of its agreements with CoreWeave over delivery issues and missed deadlines. However, the report also said that Microsoft retained a number of ongoing contracts with CoreWeave and it remained an important partner.

The agreement with Microsoft accounted for 62% of CoreWeave's revenue, or $1.2 billion in total, in 2024, according to a company filing.

The startup had warned that any negative changes in demand from Microsoft or a shift in company' relationship with Microsoft would adversely affect its business.

Founded in 2017, Nvidia-backed CoreWeave provides access to data centers and high-powered chips for AI workloads and competes against cloud providers such as Microsoft's Azure and Amazon's AWS.

CoreWeave has been laying the groundwork for a New York flotation at a valuation of over $35 billion, in what could be one of the biggest IPOs in recent times. It is also likely targeting to raise over $3 billion from its share sale, Reuters has previously reported.