Funding Intends to Protect Against Cyberattacks
The act provides a variety of funding opportunities to enhance protection for critical infrastructure and provide greater broadband access across the country. It specifically designates $1.9 billion for cybersecurity and $65 billion to expand internet access.
Of the funding set aside to assist DHS in enhancing the nation’s cybersecurity, the act designates $100 million over four years in aid to the public and private sector that would be allocated by CISA if DHS declares an attack to be a “significant incident.” In addition, it sets aside nearly $158 million for research in cybersecurity and related areas by DHS’ science and technology wing, while CISA would receive $35 million for sector risk management work.
In addition, the legislation establishes two $250 million programs at the Department of Energy, one for rural and municipal utility security and another for grid security research and development. At the EPA, the law would provide additional funding for programs meant to address water cybersecurity threats.
READ MORE: Learn why ransomware continues to be a threat to the energy sector.
