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Cybersecurity: Jim Cramer Says Companies Have to Be Willing to Invest



Following a White House meeting with President Joe Biden, companies across the spectrum of corporate America have made commitments in the fight to enhance U.S. cybersecurity. Here are some highlights:


Microsoft  (MSFT) – Get Report committed $20 billion over five years to cybersecurity enhancements with $150 million set aside to help U.S. agencies upgrade protections.


The Google  (GOOGL) – Get Report parent pledged $10 billion over five years to strengthen cybersecurity and said it would train 100,000 Americans in IT support and data analytics among other fields.


IBM  (IBM) – Get Report said it would train 150,000 people in cybersecurity skills in three years and would partner with historically Black colleges and universities as part of the effort.


Amazon  (AMZN) – Get Report said its Web Services division is planning to give account holders free multi-factor authentication devices. 

Discussing the importance of cybersecurity, Jim Cramer said that companies must be willing to hurt their quarters in order to secure their futures, particularly in the work-from-home environment. 

Recap TheStreet Live: Everything Jim Cramer Is Watching 8/26/21

Microsoft, Alphabet and Amazon are holdings in Jim Cramer’s Action Alerts PLUS charitable portfolio.

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