Government Expected To Spend Heavily On Cybersecurity - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


Government Expected To Spend Heavily On Cybersecurity

Input says the effects of 9/11 have changed the way federal agencies approach cybersecurity and will drive steady growth in federal IT security spending.

Those feeble grades federal agencies have received recently--one report card had an average grade of a D+--means the government will continue to spend heavily on cybersecurity-related IT.

A study by government IT market-intelligence firm Input projects federal IT cybersecurity spending will grow 27% over the next five years. "The effects of 9/11 have changed the way federal agencies approach cybersecurity," Marcus Fedeli, Input manager of federal opportunity products, said in a statement accompanying the report. "Continued fear over potential terrorist attacks has caused an almost desperate need for improvement of current standards and levels of security. New requirements will cause federal IT security spending to grow steadily this year."

Among the shortfalls in IT security in federal agencies cited by Input were insecure VPN connections, faulty firewall protection, and the need for customized systems. These vulnerabilities open IT systems to potential fraud, sabotage, and destruction.

Nearly 20%, or the $1.6 billion, of the money that federal agencies are spending this fiscal year on developing, modernizing, and enhancing IT is earmarked for cybersecurity.

"As demonstrated by the current security evaluation, there are still important advancements to be made in the area of cybersecurity, particularly within federal agencies," Fedeli added. "These agencies [will likely] rely heavily on outside contractors to provide the products and services necessary to secure IT systems governmentwide. The need to satisfy legislative mandates will create opportunities for technology vendors to work in the public sector."

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
Watch Out: 7 Digital Disruptions for IT Leaders
Jessica Davis, Senior Editor, Enterprise Apps,  11/18/2019
Enterprise Guide to Data Privacy
Cathleen Gagne, Managing Editor, InformationWeek,  11/22/2019
Top-Paying U.S. Cities for Data Scientists and Data Analysts
Cynthia Harvey, Freelance Journalist, InformationWeek,  11/5/2019
White Papers
Register for InformationWeek Newsletters
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
Current Issue
Getting Started With Emerging Technologies
Looking to help your enterprise IT team ease the stress of putting new/emerging technologies such as AI, machine learning and IoT to work for their organizations? There are a few ways to get off on the right foot. In this report we share some expert advice on how to approach some of these seemingly daunting tech challenges.
Flash Poll