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June 11, 2013

Report: Pentagon Seeks Increased Budget for Cybersecurity 
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Bloomberg News reports the Pentagon is seeking to spend nearly $23
billion on cybersecurity over the next five years, including $4.65
billion in the upcoming fiscal year, an increase of 18 percent over the
current year. The budget outline includes more than $9 billion for
defense against cyberattacks and nearly the same amount for
“cyber-operations,” which include offensive capabilities. The
increased spending could be a major boon for private military
contractors. The news comes on the heels of Obama's two-day meeting with
President Xi Jinping of China during which the two discussed allegations
of cyberattacks on both sides. It also follows a Guardian exposé on how
Obama ordered senior officials to draw up a list of potential overseas
targets for U.S. cyberattacks.

 

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