Home / News / Report: 2013 Security Classification Spending Hits $11.63B

Report: 2013 Security Classification Spending Hits $11.63B

budget analysis reviewThe National Archives and Records Administration’s Information Security Oversight Office has released its annual report showing that security classification spending hit $11.63 billion in 2013, Federal Times reported Monday.

Steve Watkins writes the intelligence community accounted for about $1.87 billion of the increase, or 16 percent of the total costs.

The classified information systems protection and maintenance category represented $4.4 billion of that spending while security management, oversight and planning cost nearly $2.2 billion, Federal Times reports.

Industry also used up $1.07 billion in 2013, down 11 percent from the previous year, according to the report.

Check Also

SEC to Address Financial Technology Concerns, Innovations via New Hub

The Securities and Exchange Commission has opened a hub where it can coordinate with public and private sector entities to address concerns and initiate developments in financial technology.

Leave a Reply

Your email address will not be published. Required fields are marked *