The White House on Thursday published its $6.9 trillion budget proposal for fiscal year 2024 and the administration wants to increase cybersecurity spending.
The budget plan contains several sections related to cybersecurity-related spending. For example, the administration has proposed an additional $145 million for the Cybersecurity and Infrastructure Security Agency (CISA), bringing its total budget to $3.1 billion, including $425 million for improving internal cybersecurity and analytical capabilities and $98 million for the implementation of the Cyber Incident Reporting for Critical Infrastructure Act of 2021.
To strengthen the cybersecurity and resilience of the energy sector, the White House has allocated $245 million, while the Justice Department will receive an additional $63 million to pursue cyber threats. To protect the Treasury Department’s sensitive systems and information, the budget proposes a $115 million increase, to $215 million.
The Department of State’s will receive $395 million to invest in supply chain security, enhance cooperation on privacy and data sharing, and counter malign influence operations, including $400 million for countering China and $753 million for Ukraine. The Technology Modernization Fund (TMF) investment program will receive a $200 million increase, and the White House has also set aside an additional $400 million for the National Cybersecurity Strategy.
The White House’s budget proposal has allocated a significant amount of money to cybersecurity initiatives, with a focus on enhancing the security of critical infrastructure, strengthening the government’s ability to pursue cyber threats and to protect sensitive systems and data, and countering malign influence operations. The budget also includes funds for the implementation of the National Cybersecurity Strategy.
Key Points:
- The White House has proposed an additional $145 million for the Cybersecurity and Infrastructure Security Agency (CISA)
- $245 million is allocated to strengthen the cybersecurity and resilience of the energy sector
- The Justice Department will receive an additional $63 million to pursue cyber threats
- The Treasury Department’s budget proposes a $115 million increase to $215 million
- The Department of State’s will receive $395 million to invest in supply chain security and countering malign influence operations
- The Technology Modernization Fund (TMF) investment program will receive a $200 million increase
- An additional $400 million is set aside for the National Cybersecurity Strategy
