Welcome!

Cloud Security Authors: Liz McMillan, Pat Romanski, Elizabeth White, Zakia Bouachraoui, Yeshim Deniz

Related Topics: Government Cloud

News Feed Item

Federal Civilian Cyber Security Spending to Grow 27 Percent by FY 2009

Nearly Failing Security Ratings and Continued Homeland Security Concerns Cause Dramatic Increase in Security Expenditures

RESTON, Va., March 16 /PRNewswire/ -- Civilian cyber security-related IT spending is anticipated to grow 27 percent over the next five years due to poor security assessment ratings and increased attention on homeland security, according to the latest INPUT/Output(R) report released today by INPUT, the quantifiable leader in government market intelligence. Although cyber security spending grew modestly prior to September 11, 2001, terrorist attacks changed the focus of IT spending from development and modernization to advanced infrastructure security, initially causing rapid growth in spending over the past three years.

"The effects of 9/11 have changed the way federal agencies approach cyber security," said Marcus Fedeli, manager of federal opportunity products at INPUT. "Continued fear over potential terrorist attacks has caused an almost desperate need for improvement of current standards and levels of security. New requirements will cause civilian IT security spending to grow steadily this year."

The Office of Management and Budget (OMB) set forth cyber security standards in the Federal Security Management Act (FISMA) of 2002, encouraging federal agencies to further secure their IT systems. According to the recent FISMA Report Card released in February 2005, government agencies are still not operating in a secure environment and have earned a nearly failing overall rating of D+. Recent findings outlined the current limitations and shortcomings of current cyber security technologies, which include insecure VPN connections, faulty firewall protection and the need for customized solutions. These vulnerabilities open IT systems to potential fraud, sabotage, and destruction.

Planned IT security spending for civilian agencies for FY 2005 is roughly $1.6 billion, accounting for roughly 17 percent of the total civilian agencies' development/modernization/enhancement (DME) budget for the year. Top civilian agency spenders include the departments of Homeland Security, Health and Human Services, Energy, and Transportation.

"As demonstrated by the current security evaluation, there are still important advancements to be made in the area of cyber security, particularly within federal civilian agencies," added Fedeli. "We expect to see these agencies rely heavily on outside contractors to provide the products and services necessary to secure IT systems government-wide. The need to satisfy legislative mandates will create opportunities for technology vendors to work in the public sector."

INPUT's complete Cyber Security Market INPUT/Output(R) report is available to clients of INPUT's Information Services subscription program. For more information on the subscription program, visit http://info.input.com/ or call 703-707-3500.

About INPUT:

INPUT is the quantifiable leader in government market intelligence. Established in 1974 and based in Reston, Virginia, INPUT provides information services, industry analysis, consulting, software solutions, and events to help technology vendors win more government business, and to help government organizations further advance their IT initiatives. INPUT tracks more than a half trillion dollars in contract and grant opportunities within the US federal, state & local government markets, as well as tender opportunities throughout the European Union. INPUT has built a solid reputation for high quality and in-depth government industry insight and analysis with over 1,000 clients, including 80 of the top 100 IT contractors. Leading defense, hardware, software, telecommunications and IT services contractors, plus 4 of the top 5 8(a)s, rely on INPUT to help them win more than $45 billion in government business each year. For more information about INPUT, visit http://www.input.com/ or call 703-707-3500.

Proper use of name is INPUT

CONTACT: Lara Sedar of INPUT, +1-703-707-3672, or [email protected].

INPUT

CONTACT: Lara Sedar of INPUT, +1-703-707-3672, or [email protected]

Web site: http://www.input.com/

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
IT professionals are also embracing the reality of Serverless architectures, which are critical to developing and operating real-time applications and services. Serverless is particularly important as enterprises of all sizes develop and deploy Internet of Things (IoT) initiatives. Serverless and Kubernetes are great examples of continuous, rapid pace of change in enterprise IT. They also raise a number of critical issues and questions about employee training, development processes, and opera...
This month @nodexl announced that ServerlessSUMMIT & DevOpsSUMMIT own the world's top three most influential Kubernetes domains which are more influential than LinkedIn, Twitter, YouTube, Medium, Infoworld and Microsoft combined. NodeXL is a template for Microsoft® Excel® (2007, 2010, 2013 and 2016) on Windows (XP, Vista, 7, 8, 10) that lets you enter a network edge list into a workbook, click a button, see a network graph, and get a detailed summary report, all in the familiar environment of...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
AI and machine learning disruption for Enterprises started happening in the areas such as IT operations management (ITOPs) and Cloud management and SaaS apps. In 2019 CIOs will see disruptive solutions for Cloud & Devops, AI/ML driven IT Ops and Cloud Ops. Customers want AI-driven multi-cloud operations for monitoring, detection, prevention of disruptions. Disruptions cause revenue loss, unhappy users, impacts brand reputation etc.
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
Atmosera delivers modern cloud services that maximize the advantages of cloud-based infrastructures. Offering private, hybrid, and public cloud solutions, Atmosera works closely with customers to engineer, deploy, and operate cloud architectures with advanced services that deliver strategic business outcomes. Atmosera's expertise simplifies the process of cloud transformation and our 20+ years of experience managing complex IT environments provides our customers with the confidence and trust tha...
The Japan External Trade Organization (JETRO) is a non-profit organization that provides business support services to companies expanding to Japan. With the support of JETRO's dedicated staff, clients can incorporate their business; receive visa, immigration, and HR support; find dedicated office space; identify local government subsidies; get tailored market studies; and more.
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
As you know, enterprise IT conversation over the past year have often centered upon the open-source Kubernetes container orchestration system. In fact, Kubernetes has emerged as the key technology -- and even primary platform -- of cloud migrations for a wide variety of organizations. Kubernetes is critical to forward-looking enterprises that continue to push their IT infrastructures toward maximum functionality, scalability, and flexibility. As they do so, IT professionals are also embr...
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...