Contractors with Large IT Force, Capabilities Set to be Top Dogs in Growing Cyber Market

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Reports wide have indicated that as federal spending on information technology will slow, spending on cybersecurity will not follow that same trend.

The Washington Post reported that this trend will take place between 2011 and 2016 with cybersecurity remaining the outlier. 

This may come to no surprise when taking a recent Symantec recent report into consideration that the public sector is the number one attacked entity of this past month.

Even agency specific budgets are demonstrating moves toward a cyber focus, as demonstrated by the National Institute of Standards and Technology‘s budget breakdown, reported by ExecutiveGov.

As Capital Business states, agencies really have no choice with the amount of incidents occurring since the number of reports made to the Department of Homeland Security’s U.S. Computer Emergency Readiness Team has jumped 659 percent since 2006.

In lieu of this landscape, Deltek predicts cybersecurity will see an annual growth of nine percent, or $14 billion. The report indicates that contractors and those who have invested in continuous monitoring are at an advantage in this playing field as the focus will become developing a program to catch security issues instead of just doing patch work. 

In fact, continuous monitoring has become a requirement as a result of the Federal Information Security Management Act where agencies are required to report attacks through data feeds, says the report.  

The report also indicated that contractors who have a large cyber workforce might also be at an advantage since a report by the Center for Strategic and International Studies indicated there are 1,000 cyber professionals with specialized security skills in a time that needs 10,000 to 30,000.

Filed in: Cyber, Industry News Tags: , , , , , , ,

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