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The escalating cost of US cybersecurity plans

by
February 16, 2012
Cyber Security, Financial, Spending
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When US President Barack Obama called on the Congress for laws that would protect the country’s citizens, businesses and infrastructure from various cyber threats, it sounded like a welcome (if overdue) call to arms. Unfortunately, what most people didn’t immediately realize is that cyber defense is likely to cost a huge amount of money.

As Jerry Brito and Tate Watkins point out, currently over 50 cybersecurity bills are being introduced in Congress, and a lot of them are aimed at defending the infrastructure that is deemed critical for the functioning of the nation and the uninterrupted everyday lives of its citizens.

As the outline for the 2013 budget requests have shown, the President would like to allocate $769 million to the Department of Homeland Security for starting and effecting information security initiatives.

Also, it is wise to remember that the Department of Homeland Security is not the only one saddled with this type of responsibility – the Department of Defense, the Secret Service and the U.S. Cyber Command are also tasked with defending both both military and civilian targets from cyberattacks or disruptions, and that will require additional piles of money.

via HelpNet Security, continued here.