April 18, 2021

iNews Network

News That Delivers!

Reuters exclusively reports Microsoft could reap more than $150 million in new U.S. cyber spending, upsetting some lawmakers

Technology

Reuters exclusively reported that Microsoft stands to receive nearly a quarter of Covid relief funds destined for U.S. cybersecurity defenders, angering some lawmakers who don’t want to increase funding for a company whose software was recently at the heart of two big hacks. The hacks pose a significant national security threat, frustrating lawmakers who say Microsoft’s faulty software is making it more profitable. Congress allocated the funds at issue in the COVID relief bill recently signed after two enormous cyberattacks leveraged weaknesses in Microsoft products to reach into computer networks at federal and local agencies and tens of thousands of companies. 

Article Tags

Topics of Interest: Technology

Type: Reuters Best

Sectors: Technology

Regions: North America

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story