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Tech Giants Pledge $3.6M to Help Fund OpenSSL Following Heartbleed Bug

International Business Times - A group of 12 technology companies including Intel, IBM, Facebook and Google have pledged $3.6 million (£2.1m) to help maintain under-funded open source software projects which are "essential to the global computing infrastructure" with OpenSSL - the software which caused the huge Heartbleed Bug - the first to receive funding.

The full list of companies is Amazon Web Services, Cisco, Dell, Facebook, Fujitsu, Google, IBM, Intel, Microsoft, NetApp, Rackspace, and VMware, all of whom have pledged to commit at least $100,000 a year for at least three years to the Core Infrastructure Initiative.

The announcement of the support comes after a couple of weeks when system administrators have been rushing to patch a vulnerable version of the OpenSSL library which caused what became known as the Heartbleed Bug and left millions of web users vulnerable to attack - potentially leaving sensitive information like passwords and credit card details open to attack.

Last week the president of the OpenSSL Software Foundation (OSF) made a plea for greater support from governments and companies to help prevent another serious security flaw like Heartbleed.