President Biden eyes ramped up cyber spending in 2024 budget


The White House has published its $6.9tn budget proposal for fiscal 2024 and has the aim to increase cyber spending.

According to Security Week, the administration has proposed a further $145m for the Cybersecurity and Infrastructure Agency, which will receive a total of $3.1bn. This includes $425m to improve its internal cyber and analytical capabilities and $98m for the implementation of the Cyber Incident Reporting for Critical Infrastructure Act.

The new plan also aims to expand the Justice Department’s ability to pursue cyber threats, including a further $63m for ‘more agents, enhanced response capabilities and strengthened intelligence collection and analysis capabilities.”

The budget also puts forward $215 million for the Treasury, which would be used to protect sensitive systems and information, strengthen the organisation’s overall cyber efforts and enable it to continue implementing a zero-trust architecture.

Part of the $395m proposed for the Department of State’s cyber and digital initiatives would be invested back into supply chain security and enhancing cooperation on privacy and data sharing.

The White House has also set aside funding for countering malign influence operations, including $400m for countering China and $753 million for Ukraine.

The White House said, “The Budget continues to invest in cybersecurity programs recognizing that cybersecurity is essential to the basic functioning of our economy, the operation of our critical infrastructure, the strength of our democracy and democratic institutions, the privacy of our data and communications, and our national security.”

Two weeks ago, the White House released its National Cybersecurity Strategy.

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