Pentagon Seeks $500 Million for Cyber Technologies

Thursday, February 17th, 2011 | Filed under Cybersecurity | Posted by

“The U.S. Defense Department is planning to spend $500 million to research new cyber security technologies including cloud computing and encrypted data processing, Deputy Defense Secretary William Lynn said today.

The Pentagon will also provide seed capital for companies to develop dual-use technologies that serve our cyber security needs,’ Lynn said in prepared remarks delivered at a technology conference in San Francisco.

‘Cyber defense is not a military mission, like defending our airspace, where the sole responsibility lies with the military,’ Lynn said. ‘The overwhelming percentage of our nation’s critical infrastructure — including the Internet itself — is largely in private hands. It is going to take a public-private partnership to secure our networks.’”

Source: Pentagon Seeks $500 Million for Cyber Technologies – Bloomberg

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