White House wants 10% hike in cybersecurity spending
The White House, citing the peril posed to the government and private sector by cyberattacks, wants more money for cybersecurity research, technology and investigators.
That funding request, included in the 2016 federal budget released Monday, seeks $14 billion — a 10% increase over the current fiscal year — in defending U.S. cybersecurity systems.
Cyberattacks and resulting data breaches “are resulting in real cost and consequences for the American economy,” said Lisa Schlosser, the acting federal CIO.
The money will be used to improve federal networks and help fund research and development efforts in cybersecurity.