NEWS + ADVICE
Cyber Security Market: US Federal Government Will Invest $55 Billion Over Next 6 Years
Of particular interest to security cleared job seekers in the cyber security field is the following statistic:
The U.S. Federal Government will spend about
$55 billion on cyber security over the next six years.
Persistent weaknesses in cyber security policies and practices continue to threaten the confidentiality, integrity, and availability of critical information and information systems used to support the operations, assets, and personnel of most federal agencies. Recently reported incidents at federal agencies have placed sensitive data at risk, including the theft, loss, or improper disclosure of personally identifiable information of Americans, thereby exposing them to loss of privacy and identity theft.
Limitless opportunities for cyber security professionals
For fiscal year 2008, almost all 24 major federal agencies had weaknesses in cyber defense controls. An underlying reason for these weaknesses is that agencies have not fully implemented their cyber security programs. This provides an infinite number of employment possibilities for military personnel in the cyber security arena seeking to transition into private sector positions with defense and government contractors providing cyber security services to these U.S. agencies.
More good news for security cleared cyber security professionals: Market Research Media implementation of strict cyber security measures will drive steady growth of the U.S. Federal cyber security market over the next six years, at about 6.2% CAGR.