It’s no secret that cyberattacks in the U.S. are increasing in frequency and sophistication. Since cyber crime impacts millions of businesses and individuals, many look to the government to see what it’s doing to anticipate, prevent and deal with these crimes.
To gain perspective on what’s happening in this area, the U.S. government’s budget and spending plans for cyber is a great place to start. This article will explore how much the government is spending, where that money is going and how its budget compares to previous years.
How Much is the U.S. Spending on Cybersecurity, and Where is the Money Going?
In June 2022, the U.S. announced new spending bills for the fiscal year 2023, including an allocation of $15.6 billion for cybersecurity. The majority of the money — $11.2 billion — will be appropriated for the Department of Defense (DoD), and $2.9 billion will go to the Cybersecurity and Infrastructure Security Agency (CISA).
The money going to the DoD will be used in a variety of ways. For example, Paul Nakasone, commander of the U.S. Cyber Command, has discussed plans to grow five Cyber Mission Force teams. Approximately 133 of these already exist and focus on carrying out defensive cyber operations.
How Involved is the Private Sector in the Allocation of Funds?
Clearly, the majority of funds in the new budget will go to government agencies. However, the government also plans to invest in th ..
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