The Federal Government Expects to Spend $500M on Post-Hack Benefits by 2020

Eric Katz reports:

The federal government spelled out in a request for submissions from contractors how it plans to respond to future hacks of personnel data, a tacit acknowledgment no amount of system security bolstering can effectively prevent breaches from happening altogether.

The General Services Administration on Tuesday evening put forth a request for quotes on a blanket purchase agreement that will help the agency prescreen contractors interested in providing protection services to future hack victims. GSA estimated the value of the forthcoming contracts to be $500 million, but noted the final total could exceed that amount.

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