U.S. defense contractors and other technology providers are watching carefully how the Obama administration plans to respond to the growing threat of cyber warfare against computer systems.
It could mean massive federal funds will be used to develop or provide an added layer of protection for strategically important computer systems.
The systems used by the military, financial sector, healthcare and business are among those at risk.
Spending on cyberwarfare globally may total $15.9 billion during 2012, according to analysis from Visiongain. The 15 leading cyberwarfare markets include: the United States, China, the United Kingdom, Russia, Israel, France, Japan, India, Germany, South Korea, Canada, Australia, Italy, Pakistan and Norway, according to the report.
Both the private sector and public sector are concerned about the issue.
In fact, Secretary of Defense Leon Panetta said the defense of U.S. computer systems is a top priority, reports CBS News.
“The reality is that there is the cyber capability to basically bring down our power grid … to paralyze our financial system in this country to virtually paralyze our country,” Panetta told CBS. “And I think we have to be prepared not only to defend against that kind of attack but if necessary we are going to have to be prepared to be able to be aggressive when it comes to cyber efforts as well. We've got to develop the technology, the capability, we've got to be able to defend this country.”
The U.S. military set up a cyber command in May 2010. It is under the U.S. Strategic Command, and is located at Fort Meade, Maryland, according to media reports.
The staffing for the command “includes experts not only in information technology, but also in signals intelligence, communications and military operations,” according to a recent report on TechZone360.
Want to learn more about the latest in communications and technology? Then be sure to attend ITEXPO East 2012, taking place Jan. 31-Feb. 3 2012, in Miami, FL. ITEXPO offers an educational program to help corporate decision makers select the right IP-based voice, video, fax and unified communications solutions to improve their operations. It's also where service providers learn how to profitably roll out the services their subscribers are clamoring for – and where resellers can learn about new growth opportunities.
Stay in touch with everything happening at ITEXPO. Follow us on Twitter.
Digital advertising has exploded in recent years, with the latest eMarketer data forecasting $83 billion in revenue this year and continued growth on …
One of the biggest challenges for 5G and last mile 10 Gig deployments is not raw data speeds, but middle mile and core networks. The wireless industry…
Although a new and emerging technology, (which is still evolving), in early 2018, most companies are not aware of the possible benefits they can achie…
VR could change everything from how we play video games to how we interact with our friends and family. VR has the power to change how we consume all …
The app economy is upon us, and businesses of all stripes are moving to address it. In this age of digital transformation, businesses rely on applicat…