Critical Infrastructure Security, Compliance Management

Higher cybersecurity spending pushed by Biden budget proposal

CyberScoop reports that more federal cybersecurity investments have been requested by the Biden administration in its proposed budget for fiscal year 2024 in a move to bolster nationwide cybersecurity resilience. Under the proposal, the Cybersecurity and Infrastructure Security Agency would be given $3.1 billion, which is $145 million higher than last year, with the proposed funds including $425 million for internal cybersecurity and analysis capability improvements and $98 million for Cyber Incident Reporting for Critical Infrastructure Act. Moreover, the State Department's Bureau of Cyberspace and Digital Policy would be provided $395 million, while the Treasury Department will be given an additional $115 million for zero-trust implementation and other network defense efforts. On the other hand, the FBI would be receiving an additional $63 million for strengthening its intelligence collection and response capabilities. Meanwhile, $753 million has been requested to help support Ukraine's digital defenses amid its ongoing war with Russia. "These investments are in line with the National Cybersecurity Strategy that emphasizes a whole-of-nation approach to addressing the ongoing cyber threat," said the proposal.

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