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US to spend $500m on cyber security research -Lynn

February 16th, 2011 by David No Comments

Deputy US defense secretary William Lynn has said a growing threat to US cyber security will require a partnership between the government and technology industries to address it.

Lynn added that it would take a generation to reduce the worst of the present weaknesses in cyber security.

To that end he announced $500m in research spending into cyber technologies, with a focus on areas like cloud computing, virtualization, and encrypted processing.

Lynn said the US department of defense initiative will also provide seed capital to private firms through a “Cyber Accelerator” pilot to produce technologies for commercial and defence cyber security usage.

“The overwhelming percentage of our nation’s critical [information] infrastructure, including the Internet itself, is in private hands,” said Lynn, adding that it would take “vast technological and human resources to ensure the United States retains its preeminent capabilities in cyberspace, as it does in all the other domains”.

Gates: US defense needs $540bn in 2011

February 16th, 2011 by David No Comments

US defense secretary Robert Gates has said that the US Congress must provide $540bn in funding for the US Defense Department for the fiscal year 2011 to enable it to carry out its job.

Gates made the statement while presenting the 2012 budget at the Pentagon.

He also said he was looking at contractual options for cancelling the second engine option for the F-35 Joint Strike Fighter, describing it as a wasted $3bn.

“Exactly a year ago, the president requested $549bn to operate the Department of Defense during fiscal year 2011,” said Gates. “If forced to operate under a full-year continuing resolution, the department would only receive about $526bn.”

He added that the $23bn reduction was magnified because it comes five months into the fiscal year.

UK unveils £63m cybercrime spend

February 16th, 2011 by David No Comments

The UK government has announced a £63m investment against cyber crime.

The funding will be taken from the £650m allocated to overall cyber security within 2010’s Strategic Defence and Security Review (SDSR).

The SDSR flagged cyber warfare as a significant future risk and allocated resources accordingly, despite cutting defence spending on many other conventional areas.

“At a time of government cutbacks it is significant that there has been an extra £63 million earmarked for the fight against cyber crime. This type of crime is both technically difficult to investigate and very expensive to tackle,” said Neill Blundell, a UK partner and anti-fraud specialist at law firm Eversheds.

“There is also the possibility of cyber terrorism, where terrorists target and try and bring down parts of our infrastructure or seek to obtain classified information on sites of interest like nuclear or military bases,” added Blundell.

Obama asks Congress for $671bn 2012 defence budget

February 15th, 2011 by David No Comments

President Barack Obama has asked the US Congress to approve a defence budget of $671bn for the fiscal year 2012.

The Pentagon said the budget was declining overall, with funding for overseas contingency operations down $41.5bn, largely from the winding down of operations in Iraq.

The budget consists of a $553 base budget, with a further $117.8bn to fight the wars in Afghanistan and Iraq.

The US Army’s portion of the base budget is $144.9bn, the US Navy and Marine Corps get $161.4bn, while the US Air Force share is set at $150bn. The Defense Department itself spends $96.8bn.

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