The Boom (Or Bubble) In Federal Cybersecurity 72
Hugh Pickens writes "The Washington Post reports that the increasing number and intensity of cyberattacks has attracted the attention of the Obama administration and Congress, which have begun steering dollars to the problem. Much of that new spending, estimated at $6 to $7 billion annually just in unclassified work, is focused on the Washington region, as the federal government consolidates many of its cybersecurity-focused agencies in the area. 'I think it is a real growth opportunity in coming years,' says David Z. Bodenheimer, a partner at law firm Crowell & Moring in Washington, who leads the firm's homeland security practice and specializes in government contracts. 'The market is still rather fragmented and in flux, but is developing with a speed that it is attracting both the major defense and homeland security contractors who are establishing independent business units to pursue these opportunities, and it is also a real opportunity for the smaller players who have niche products.' One reason the field is attracting so many companies is that the barriers to entry are low — at least, relative to other defense industries. But as start-ups and others rush to stake claims, some wonder if a bubble of sorts is beginning to inflate and recall that many venture firms in the early 2000s chased similar prospects. 'A lot of the early people made significant money,' says Roger Novak, founder of Novak Biddle Venture Partners. 'But there were [also] a lot of "me too" companies.'"
Official notice (Score:4, Funny)
"Bubble of sorts" !? (Score:1, Funny)
What kind of weird geek-humour is that, please tell!?
Re:OK (Score:3, Funny)
Sounds great, except for the part about living in the D.C. area ...
Good point. This is a _large_ part of the problem. The best IT people are simply not going to move for a government job that pays less, has double the bureaucracy. and requires them to live in someplace like DC (which has some pretty nice neighborhoods actually, just not when compared to the West Coast in general and Silicon Valley in particular).
Re:Bubbles are not as nasty in labor-intensive sec (Score:1, Funny)
Are your writing and communication skills an example of the kind of Fed person we should take very seriously?