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Posts Tagged ‘stimulus_package’

 

Cybersecurity stimulus: $355 million

In moves that should help stimulate the economy, the Obama Administration this week took two big steps toward slowing, and perhaps ultimately reversing, the rapid growth of cybercrime. On Wednesday, Admiral Dennis Blair,  Director of National Intelligence, told Congress that he will assume a greater role in cybersecurity. Then on Thursday, the President released his proposed fiscal 2010 budget,  which included  $355 million in funding to make private- and public-sector cyber infrastructure more resilient and secure.

Above and beyond the $800 billion stimulus package approved by Congress, these developments should provide a sustained economic boost for  vendors who  supply security hardware, software and related services.

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