President Barack Obama's budget proposal for the 2014 fiscal year includes plans to increase funds devoted to information technology by 2%, specifically bolstering spending on cyber security, The Washington Post reports. The budget would devote almost 16% of the federal information technology budget - or $13 billion - to cyber programs.
Among his plans for these funds, Obama hopes to recruit more military "hackers" who can eliminate online threats from foreign nations like Iran, China and Russia, Reuters states. Obama's proposed budget would also provide additional defenses for private-sector and government networks.
The president's budget proposal does not come as a surprise, as Obama has been a longtime supporter of bolstering the nation's cyber security efforts. In a May 2009 briefing, Obama said that "cyber threat is one of the most serious economic and national security challenges we face as a nation" and that "America's economic prosperity in the 21st century will depend on cyber security."
As the U.S. places a greater emphasis on securing its cyber networks, there will continue to be a great demand for bachelor's and master's degree holders to work in the cyber security industry. The Post reports that in the near future, the government must hire at least 10,000 cyber security experts, while the private sector will demand four times as many.
At the same time, salaries for cyber security experts are rising. Citing data from consulting firm Akron, the Post states that pay for cyber security analysts rose by 10.1% in 2012, compared to a 2.1% salary jump across all jobs.