Cybersecurity could be a bright spot in otherwise flat IT budgets

October 19, 2011
FedCyber Wire, Financial
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Cybersecurity spending is expected to accelerate during the next five years at the Defense Department and civilian agencies, despite overall flat information technology budgets, according to a new industry forecast.

The increasing severity of computer network breaches likely will influence funding levels, with Defensewide cyber spending starting at more than $8 billion in fiscal 2012 and reaching more than $13 billion by fiscal 2016 if the country suffers a cyberattack resembling what Defense Secretary Leon Panetta often refers to as the next Pearl Harbor. Officials from TechAmerica Foundation, a nonprofit research affiliate of the industry association TechAmerica, briefed reporters on Monday about the predictions.

“I think a lot of this is going to be needs driven,” rather than fueled by cyber policy reforms pending in Congress, said Dan Heinemeier, TechAmerica’s chief administrative officer.

In fiscal 2012, the Army and Air Force each are projected to spend $1.1 billion on cybersecurity, the Marines and Navy likely will expend a combined $900 million and the rest of the military services and agencies should disburse a total of $5.1 billion, the forecast indicated.

via NextGov, continued here.