Craigslist founder and former CEO Craig Newmark has laid out an additional $200 million in donations to cybersecurity, putting the total amount he has pledged to donate since September 2024 at $300 million. During a recent edition of the Opening Bid podcast, Newmark told Yahoo Finance executive editor Brian Sozzi the US is “under attack now” and isn’t prepared for the breadth of cyber threats facing it, the site reported. A large share of the funding will go to volunteer efforts to shore up defenses for critical infrastructure, he said. “It’s not like I’m in the recruiting line after Pearl Harbor, because my dad volunteered in the ’40s, but I guess that’s what I should be doing,” Newmark quipped. “I’ve started to fund networks of smart volunteers who can help people protect infrastructure, particularly the small companies and utilities across the country who are responsible for most of our electrical and power supplies, transportation infrastructure, food distribution,” he explained. He added that many such systems “have no protection” and if knocked out, could add “weeks and weeks” to any recovery effort after a major cyberattack. Federal agencies reported over 32,000 attacks to the Cybersecurity and Infrastructure Security Agency (CISA) in fiscal year 2023, up 9.9% from the year before (the majority of the incidents were minor). Jen Easterly, CISA’s outbound administrator, has warned market forces “aren’t working” on cybersecurity. Keep reading here.—TM |