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Craigslist Founder Gives $300M to Fund Critical US Infrastructure Cybersecurity
Craig Newmark "is alarmed about potential cybersecurity risks in the U.S.," according to Yahoo Finance. The 71-year-old Craigslist founder says "our country is under attack now" in a new interview with Yahoo Finance executive editor Brian Sozzi on his Opening Bid podcast. But Newmark also reve...
The 71-year-old Craigslist founder says "our country is under attack now" in a new interview with Yahoo Finance executive editor Brian Sozzi on his Opening Bid podcast.But Newmark also revealed what he's doing about it:[H]e started Craig Newmark Philanthropies to primarily invest in projects to protect critical American infrastructure from cyberattacks. "I've started to fund networks of smart volunteers who can help people protect infrastructure, particularly [for] the small companies and utilities across the country who are responsible for most of our electrical and power supplies, transportation infrastructure, [and] food distribution.... A lot of these systems have no protection, so an adversary could just compromise them, saying unless you do what we need, we can start shutting off these things," he continued. Attacks on our power grids, our cyber infrastructure and even the internet-connected gadgets and appliances in our homes are real.
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