Federal 'cybersecurity action plan’ has $19 billion price tag

Feb. 10, 2016 -- A “cybersecurity action plan” with $19 billion behind it – including funding additional federal government transition to EMV, fostering development of additional authentication factors, and moving away from use of Social Security numbers for identification-- is called for in President Obama’s proposed 2017 budget, released by the White House Tuesday.

Under the proposed Cybersecurity National Action Plan, the administration proposes:

  • establishing a “Commission on Enhancing National Cybersecurity” made up of top business and technical leaders as well as a bipartisan group of lawmakers;
  • proposing a $3.1 billion Information Technology Modernization Fund to modernize legacy IT at government agencies;
  • launching a National Cybersecurity Awareness Campaign to promote additional authentication factors such as fingerprinting or texted codes, partnering with companies like Google and Facebook;
  • continuing to move the government to EMV/chip-and-pin technology; the Obama administration stated that the federal government has supplied more than 2.5 million chip-and-pin payment cards, and “transitioned to this new technology the entire fleet of card readers managed by the Department of the Treasury;”
  • investing $19 billion for cybersecurity as part of the president’s fiscal year 2017 budget, an increase of more than from 35% from last year.

NASCUS and CUNA host the 2016 Cybersecurity Symposium Aug. 1-2 in Chicago, which looks at cutting-edge techniques, best practices and procedures that protect organizations from the latest cyber threats.

Fact sheet on White House cybersecurity proposal
2016 Cybersecurity Symposium