Pentagon to spend $23 billion on cyber security by 2018

Share this article:

The Pentagon has drafted a cyber security budget outline that aims to spend close to $23 billion through 2018.

According to documents obtained by Bloomberg News, the allowance proposed for the fiscal year that begins on Oct. 1 has increased 18 percent from this year to $4.65 billion.

The spending plan would jump in 2015 to $4.72 billion, decrease the next two years to $4.61 billion in 2016 and $4.45 billion in 2017, and once again rise in 2018 to $4.53 billion.

Share this article:

Sign up to our newsletters

More in News

Maryland hospital employees face tax fraud following breach

A University of Pittsburgh Medical Center spokeswoman announced that at least 788 employees were victims of tax fraud as a result of a February attack.

Donation campaign launched, aimed at OpenSSL audit

Bugcrowd, an Australian security start-up, will organize the funding drive in hopes to further secure the open source software.

New VOICE website a resource tool for cyber crime victims

A new website created to aid consumers in quickly reporting cyber crime is now available.