Will President Obama finally do something about the wave of hack attacks on the Internet? Will the government get serious about cybersecurity? This week's budget wrangling on Capitol Hill gives us hope that he is, and it will.
Earlier this week, the U.S. Department of Defense announced plans to spend $500 million to upgrade its ability to defend cloud-computing networks and encrypted data from Internet sneak attacks. The most novel aspect of this effort may lie in how the Pentagon is maneuvering to head off the threat.
Arguing that the Internet is a private phenomenon, and that private companies are better suited to improve and defend it than are the nation's generals, the Pentagon plans to subcontract out to companies better-suited for the task. Specifically, the Pentagon has asked DARPA to begin doling out funds as "seed capital" to tech companies willing to work up new ways to hack-proof the Internet.
When last we discussed this issue, I mentioned that in past planning, the government has usually defaulted to throwing money at the nation's defense contractors -- Raytheon
It seems the Pentagon has reached the same conclusion. It's already held sit-downs with Intel
Hardware and software, you say? Hmm. Now what do you think of Intel's decision to buy McAfee? And how much longer do you think it will it be, before someone notices that Symantec
How will Symantec react to the latest news at the Pentagon? Add the company to your Fool Watchlist, and you won't miss a beat.
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Fool contributor Rich Smith owns shares of Google. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool has a disclosure policy.