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Govini: Federal Spending on Cyber Defense Tools Hit $31B in FY 2014; Eric Gillespie Comments

1 min read

cyberA new Govini analysis says U.S. federal spending on cyber defense platforms and services rose to nearly $31 billion in fiscal year 2014 from $6 billion in FY 2011, a five-fold increase over three years.

Govini said Friday it examined federal procurement in 11 segments through its Cybersecurity Taxonomy between FY 2010 and FY 2014 and found that the data breach at the Office of Personnel Management and other recent cyber attacks prompted agencies to update their data networks.

The report indicates that federal spending on offensive cyber platforms that seek to proactively safeguard computer systems from cyber attacks climbed 150 percent to $15 billion in FY 2014 from $6 billion in the previous fiscal year.

“The surprising thing for us was there was no common language or definition of cybersecurity across the federal contractor base,” said Eric Gillespie, founder and CEO of Govini.

“Our customers knew there was significant capital being allocated to cyber, but they didn’t know how much or in what segments.”

Data scientists at the business intelligence firm also found that network firewall spending surged 937 percent over the past three years.

Cyber awareness and training expenditures in the federal government reached a total of $109 million in 2014, a 309 percent jump over the last three years, according to the report.

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