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Cyber

White House Says ‘Malicious Cyber Activity’ Cost US $109 Billion In 2016

By Cal Biesecker

Friday, February 16th, 2018

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White House Says ‘Malicious Cyber Activity’ Cost US $109 Billion In 2016

Cyber-attacks cost the U.S. economy between $57 billion and $109 billion in 2016 and are measured in things like lost revenue, data and intellectual property, court settlements, regulatory penalties and reputational damage, says a new report by the White House Council of Economic Advisors.The most costly attacks are associated with cyber theft of intellectual property (IP), even though these events are generally among the fewest reported, according to the report, The Cost of Malicious Cyber Activity to the U.S. Economy,…

Congress

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]