Trump’s CybercrisisBy Sean Brodrick
The Department of Defense is spending $5.49 billion on cyber defense in 2017, down slightly from the $5.5 billion it spent last year.
About $19 billion will be spent across the federal government this year, up from $14 billion in 2016.
Trump named Thomas Bossert as his deputy for domestic and transnational security priorities.
He is there specifically to focus on cybersecurity.
China has done plenty. Its cyber heists include stealing the plans for America’s newest fighter, the F-35. Chinese hackers also stole the personal information of 20 million government employees.
The damage from cybercrimes is projected to double from $3 trillion annually in 2015 to $6 trillion by 2021.
The global cybersecurity business is estimated to be worth $49 billion in 2017.
That spending is projected to exceed $1 trillion over the next five years!
Source: The Oxford Club
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