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 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. He told Sozzi he is now spending $200 million more to address the issue, on top of an initial $100 million pledge revealed in September of this year. He encouraged other wealthy people to join him in the fight against cyberattacks. 'I tell people, 'Hey, the people who protect us could use some help. The amounts of money comparatively are small, so why not help out,'' he said... The need for municipalities and other government entities to act rather than react remains paramount, warns Newmark. 'I think a lot about this,' said Newmark.

'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. Should that happen, recovery 'could take weeks and weeks without your water supply or electricity.'
A web page at Craig Newmark Philanthropies offers more details

Craig was part of the whole 'duck and cover' thing, in the 50s and 60s, and realizes that we need civil defense in the cyber domain, 'cyber civil defense.' This is patriotism, for regular people.
He's committed $100 million to form a Cyber Civil Defense network of groups who are starting to protect the country from cyber threats. Attacks on our power grids, our cyber infrastructure and even the internet-connected gadgets and appliances in our homes are real. If people think that's alarmist, tell them to 'Blame Craig.' The core of Cyber Civil Defense [launched in 2022] includes groups like Aspen Digital, Global Cyber Alliance, and Consumer Reports, focusing on citizen cyber education and literacy, cyber tool development, and cybersecurity workforce programs aimed at diversifying the growing field.
It's already made significant investments in groups like the Ransomware Task Force and threat watchdog group Shadowserver Foundation...

Read more of this story at Slashdot.