One way to generate additional funds is the “cut and invest strategy,” or decrease funding for the maintenance of legacy systems and invest that money in new projects.
federal spending
Cyberattacks against federal networks were up 40 percent in 2010
- By Travis Wheeler · March 18th, 2011
To deal with the growing cyber threat, information technology managers gradually are changing the way they monitor security by installing scanners that automatically detect abnormalities in real time.
The White House’s 2012 budget devotes a greater percentage of IT funds to cybersecurity
- By Travis Wheeler · February 17th, 2011
The proposed overall IT budget is $79.5 billion. The Obama administration is attempting to save money by phasing out costly in-house systems and outsourcing the equipment and services to Web-hosting companies that offer access to the same tools via remote, shared servers.
Cyber Costs Climb
- By Travis Wheeler · October 13th, 2010
Estimates on how much the government spends on cybersecurity range from roughly $2 billion to $8 billion a year, depending on how one defines cybersecurity and its range of applications. Some analysts predict costs could grow 5 percent to 8 percent annually during the next several years.
IT spending to rise despite budget tightening, analyst predicts
- By Travis Wheeler · July 19th, 2010
Federal spending on information technology is expected to rise at a compounded annual growth rate of more than 5 percent annually over the next five years, according to a new report.
Federal IT market poised to hit $111.9B by 2015
- By GovContracts · April 30th, 2010
In the next five years, information technology contractors will see the federal market for their services increase by a compound annual growth rate of 5.4 percent to a total of $111.9 billion by 2015, according to market research firm Input.
