Government spending on cybersecurity to grow

The federal government will spend $7.9 billion this year securing its computers against hackers and other cybersecurity threats. With the number and complexity of cyberattacks on the rise, government analyst Input predicts that the government's cybersecurity spending will increase to $11.7 billion in 2014, a compound annual growth rate of 8.1 percent. That's a lot of antivirus software.

IT security spending forecast

2009 - $7.9 billion
2010 - $8.3 billion
2011 - $9 billion
2012 - $9.8 billion
2013 - $10.7 billion
2014 - $11.7 billion

Incidents reported to U.S. Computer Emergency Readiness Team

2006 - 5,503
2007 - 13,029
2008 - 16,843

Attacks have increased more than 200 percent since 2006.

Source: Input

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