Tony Romm and Jennifer Martinez - Cyberthreats turn into megabucks for defense companies
June 4, 2012 As Congress boosts spending on cybersecurity and mulls over new data safety requirements on private industry, some companies stand to get rich.
Lockheed Martin, Boeing, Northrop Grumman and other defense and tech companies have been lobbying Capitol Hill about the growing cyberthreats to national security and corporate America, but they also make millions of dollars each year selling a variety of cybersecurity programs, tools and solutions to government and business.
Some lawmakers say the legislative push has spawned a “cyber-industrial complex.”
“I believe these bills will encourage the development of an industry that profits from fear and whose currency is Americans’ private data,” said Sen. Ron Wyden (D-Ore.), speaking on the Senate floor last week in opposition to pending cybersecurity legislation. “These bills create a cyber-industrial complex that has an interest in preserving the problem to which it is the solution.”
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