The US government is not spending enough on cybersecurity

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In the past 12 months, the US government has not fared well against cyberattacks, and the budget may give an insight why. Simply put, the government isn't spending enough protecting its data. "US departments are still not spending enough on cybersecurity, in our view," said a report from Bank of American Merrill Lynch by strategists Sarbjit Nahal, Beijia Ma, and Felix Tran. "Despite seemingly facing an increasing wave of attacks, spend on cybersecurity as a percentage of total department budget is still low." While overall spending on cybersecurity has increased, now at approximately $12 billion a year, so have the attacks.


The US government is not spending enough on cybersecurity