Obama Puts Cybersecurity On Pedestal With Budget Boost

Law360, New York (April 10, 2013, 10:22 PM EDT) -- Despite his commitment to cutting the federal deficit, President Barack Obama unveiled a budget Wednesday that set aside billions of dollars for cybersecurity initiatives, a move attorneys say will allow federal agencies to more quickly establish a voluntary framework to combat the growing risk of cyberattacks.

In his 2014 budget proposal, Obama built on his push for federal regulators to work with banks, power grid operators and other critical infrastructure providers to develop voluntary standards to defend against cyberattacks. He allocated billions of dollars to the U.S. Departments of Homeland Security, Commerce and Justice, among others, to fund research, outreach and...

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