February 12, 2016
The U.S. government is under pressure to improve cybersecurity and is meeting that challenge with a commitment to substantially enhance spending for protecting IT systems. The Obama administration projected that the federal budget for cybersecurity spending in fiscal 2016 would be about US$14 billion — an increase of $1.4 billion from 2015.
That funding level represents strong support not only to safeguard agency operations, but also to protect millions of citizens whose personal data resides on federal IT systems. It also represents the emergence of a huge market for commercial providers of cybersecurity products and services.
Individual federal agencies have their own plans for cybersecurity investments, and the Obama administration has directed some funding toward projects that have an impact across government. Those include a proposed $243 million for research and development to support innovative cybersecurity technologies at federal agencies.