Security Contractors Beginning to Bid on Cyber Threat Contracts

WASHINGTON -- With cyber attacks on the rise in the…

WASHINGTON — With cyber attacks on the rise in the U.S. and large military contractors expecting a decline in overseas contracts, security contractors are looking toward securing the technological operations used by the Pentagon and other U.S. agencies such as the DHS.  With the increasing amount of cyber break-ins and the threat of losing billions of dollars in pertinent classified government data, security contractors are looking at ways to obtain a piece of the $9 billion dollar cyber security budget launched by the Bush administration’s cyber-security initiative.  As far as details go, information on the initiative is still considered classified, but a White House review due out next month may reveal the $9 million budget for 2009 could balloon into a budget of $15-30 billion over the next five years.

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