Federal Cybersecurity Spending To Hit $11B By 2018: Report

Law360, New York (December 6, 2013, 2:17 PM EST) -- Federal contracted spending on cybersecurity is expected to rise to more than $11 billion by 2018, up from the $9 billion spent this year, according to a report released Wednesday by information solutions firm Deltek.

The "Federal Information Security Market, FY 2013-2018," report said that due to continued advances in modern technology, the importance of improving cybersecurity for federal agencies will continue to increase.

According to the report, despite constrained information technology funding, federal contracted spending on cybersecurity will reach $11.4 billion by 2018 because of...
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