Cybersecurity Gov’t Spending Boom

Photograph by Win McNamee/Getty Images

The U.S. Computer Emergency Readiness Team/National Cybersecurity and Communications Integration Center facility in Arlington, Virginia.

Hackers, crackers and script kiddies take note:

The federal government is spending to keep your prying fingers out of places they don’t belong.

Cybersecurity contractors should pay attention as well.

A Bloomberg Government study finds that cybersecurity spending during the past five years at nondefense federal agencies increased by 73 percent. The study, “Trends in the $1.3 Billion Market for Cybersecurity In Civilian Agencies,” also identifies areas of opportunity for cybersecurity companies interested in doing business with the federal government.

The study was produced by Bloomberg Government federal business intelligence analyst Jason Wilson. An earlier installment of the study examined the $1.8 billion market for defense cybersecurity.

For more details, see a report on the study at bgov.com.

 

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