Craig Newmark Pledges $100 Million To Boost US Cybersecurity

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Craig Newmark Pledges $100 Million To Boost US Cybersecurity
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Craigslist founder Craig Newmark has pledged $100 million to strengthen the United States' cybersecurity defenses against potential attacks, allocating funds to both infrastructure protection and public education.

Craig Newmark , the founder of online classified-ads site Craigslist , thinks the U.S. has a cybersecurity problem. The entrepreneur turned philanthropist has pledged to donate $100 million to help safeguard the country from potential future cyberattacks, the Wall Street Journal first reported. Newmark will allocate $50 million to protect infrastructure, like power grids, from cyberattacks, including from foreign nations.

CDK said that hackers demanded a ransom in order to restore its systems. In February, hackers infiltrated payments manager Change Healthcare, paralyzing segments of the U.S. Health care system. They are but two examples of the tremendous repercussions a cyberattack can have on an industry.

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