Federal cybersecurity spending headed to $13B

Cybersecurity spending is going up and will continue to rise. A new report by INPUT finds that the increase in cybersecurity incidents has shot up 445 percent since 2006. Plus, there’s a shortage of qualified security professionals, and the IT environment is becoming increasingly complex. INPUT says you can expect federal investment in information security to increase to more than $13 billion by 2015 at a compound annual growth rate of more than nine percent. That’s nearly twice the rate of overall federal IT spending. Because the market is growing so fast, there remains an even greater shortage of resources for federal agencies to keep up with demand. INPUT says feds are finding a lack of leadership, ambiguous roles, technical challenges, and workforce shortages that are inhibiting the federal government’s national cyber security strategy.

This story is part of Federal News Radio’s daily Cybersecurity Update brought to you by Tripwire. For more cybersecurity news, click here.