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Feds Expect to Spend at Least $500 Million on the Next Five Years of Data Breaches

Written by Nextgov
Cyber-security-company
  • Nextgov
  • 3 years ago

Cyber-security-company

The federal government is owning up to the modern-day reality that data breaches, no matter the quality of cyberdefenses in place, are inevitable.

With an eye to future hacks, the government is searching for contractors to keep on call—and it’s prepared to pay at least half a billion over the next five years to manage post-breach cleanup.

A pair of breaches at the Office of Personnel Management last year affected millions of current, former, and prospective federal employees and their families, and demonstrated the federal government’s need to quickly deal with a recurring problem.

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Article Categories:
Federal · Policy · Security

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