Cybersecurity has continually increased in priority and spending in recent years. Industry insights show that the federal government had to pay more than 13.7 billion dollars to counter cyberattacks in 2018. Looking forward to 2021, the U.S. is expected to spend more than 92 billion dollars on cybersecurity.
Both U.S. businesses and government institutions are working every day to protect us from foreign and domestic cyber threats. In 2019 alone, the U.S. experienced more than 1,400 data breaches that exposed over 164 million sensitive records. We must address the undeniable reality that adversaries will continue working tirelessly to infiltrate our country’s security systems and immediately combat this issue on all fronts.