US to spend $15-30 billion on cyber protection

The US government is about to get very serious on its spending for cyber security protection. The plan is to help control and better protect itself and its assets against future attacks.

The spending is estimated to span 15-30 billion over the next five years. Currently Boeing, Lockheed Martin, and Northrop Grumman, are all gearing up to bid on potential contracts that will arise from a report due to the White House in the coming weeks.

"Major defense firms are eager to get a slice of that pie. But some in the government are worried these firms don't have the necessary expertise and that the ramp-up in spending is a recipe for waste and inefficiency."

The contracts should be awarded soon and hopefully they will help to stimulate job growth in these sectors. The smallest security flaw can lead to a total disaster in the IT world and there are many holes to patch.

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