Federal Agencies Increase Spending On IT Security Initiatives - Leading Federal contracts and Federal marketing solutions provider fedXccel is reporting that Federal agencies continue to increase spending IT security initiatives. US Federal IT security spending has grown by 63% in the past five years and is projected to be $6.8 billion in 2009. “Agencies are struggling to protect their technology infrastructure from increasingly sophisticated cyber attacks,” said Gaurav “GP” Pal, fedXccel Chief. “IT security now is nearly 10% of the overall Federal IT budget and Small businesses need to position themselves as solution providers rather than just presenting themselves as generic IT Systems Integrators or Network Engineering firms.
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