US Cybersecurity Spending To Skyrocket: Report

Law360, New York (December 2, 2010, 3:18 PM EST) -- To keep pace with the rapid rise in cybersecurity attacks on critical government data, the U.S. government will shell out an estimated $13.3 billion by 2015 to fortify, upgrade and maintain its information technology defenses, according to a new report.

Government business analysis firm INPUT released projections on Tuesday estimating that, over the next five years, federal investment in information security will see an average compound annual growth rate of approximately 9 percent, nearly twice as fast as overall federal IT spending.

“There is a general...
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