Obama set to boost cyber initiatives with £500 million fund

News by Danielle Walker

The Pentagon will spend an extra $800 million (£520 million) on cyber security initiatives next year, despite defence budget cuts.

The Pentagon will spend an extra $800 million (£520 million) on cyber security initiatives next year, despite defence budget cuts. 

US President Barack Obama has proposed a $3.8 trillion federal budget for the 2014 fiscal year, which begins on the 1st October 2013, and the US Department of Defense (DoD) would be allocated $4.7 billion for cyber security initiatives, up from $3.9 billion last year. However, the overall defence spending plan is $526.6 billion, a $3.9 billion cut from 2013.

Part of the additional funding would help develop 'cyber expert' teams, who will carry out both offensive and defensive operations and towards the creation of a cyber security information system.

Also last week, the contentious information-sharing bill CISPA was approved by the US House Intelligence Committee, and is now set for a full House vote.

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