The White House has put forward a $10.9bn budget for cybersecurity for the fiscal year of 2023 in its budget for the upcoming year.
Security Week detailed that the budget for civilian cybersecurity-related activities represents an 11% increase compared to the previous year. Up to $2.5bn of that budget will be allocated to the Department for Homeland Security’s Cybersecurity and Infrastructure Agency, which is up almost $500m from the year prior.
The publication added that the funding should help to improve the protection of federal infrastructure and service delivery against sophisticated cyber threats, include to maintain critical cybersecurity capabilities implemented in the American Rescue Plan, boost network protection through the federal executive branch and bolster support capabilities.
The budget will also look to help the Office of the National Cyber Director improve ‘national coordination in the face of escalating cyber-attacks on government and critical infrastructure’. Funding has also been allocated to improving the safety and security of elections and developing public-private partnerships.
The budget also includes $215m to protect sensitive agency systems and information as well as an additional $10m to build and strengthen the national cybersecurity workforce pipeline and $36m for ICT supply chain security.
Government organisations that will secure funding to improve cybersecurity include the Federal Aviation Administration, the Treasury Department, the Department of Justice, the Department of Veterans Affairs and the Coast Guard.
Copyright © 2022 RegTech Analyst
Copyright © 2018 RegTech Analyst
