FBI Director Christopher Wray has requested an additional $40 million in funding to combat cyber threats from China, calling it a “whole-of-society threat” that requires a comprehensive response. Wray outlined the FBI’s concerns in a hearing before the Senate Appropriations Committee, stating that China’s cyber operations represent the most significant counterintelligence threat facing the US.
Why it Matters: The FBI Director’s admission of being outnumbered and outgunned in cyberspace highlights the growing threat of cyberattacks and the need for businesses and organizations to prioritize their cybersecurity measures. For Technology Executives, this news further reinforces the need for a comprehensive cybersecurity strategy that includes threat intelligence, employee training, and investment in advanced technologies to stay ahead of emerging threats.
- The FBI has identified China’s cyber operations as a significant counterintelligence threat to the US, highlighting the need for a comprehensive response.
- The FBI is seeking a $40 million dollar budget increase to fund the development of new cyber tools and technologies, as well as to hire more personnel to bolster their cyber capabilities. $27.2 million was requested ”to help protect internal FBI networks.”
- The FBI is also working closely with private sector partners and other government agencies to share intelligence and coordinate responses to cyber incidents.
