DoD spending on IT is expected to rise over the next few years, despite pressures to reduce budgets. (Christian Marquardt / Army)
Federal contracted cybersecurity spending will soar to more than $11 billion by 2018, according to a new forecast by consultancy Deltek. That is up from less than $9 billion in 2013. The Defense IT security portion will increase by more than $1 billion, from $4.4 billion to more than $5.7 billion, during the same period according to the projection.
“Persistent threats, complex and evolving policy issues, and multiple changing technologies” interact with a shortage of trained cyber professionals to encourage more IT spending, according to the report. In addition, several prominent security failures have spurred increased scrutiny of systems and personnel, according to the report.
“Overhauling data access policies and processes, as well as deploying security measures at the data element level, will require both process know-how as well as the right technologies,” said Deltek analyst John Slye.
Federal agencies are also interested in new IT security technologies such as continuous monitoring, advanced network protections, and data analytics are finding strong reception within agencies. However, agencies are also struggling to keep up with changing cybersecurity policies.
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