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BGOV: Federal Spending on Insider Threat Detection Tech Could Surpass $1B in FY 2020

The federal insider threat technology market is expected to exceed $1B in fiscal year 2020 driven by agencies’ spending on cybersecurity tools and services designed to detect and monitor malicious behavior in data use and employee networks, Bloomberg Government reported Thursday.

The report said the departments of Defense, Veterans Affairs, Health and Human Services and Homeland Security are the top four agencies that are procuring insider threat-related services and technologies, accounting for more than 66 percent of annual insider threat-related contract obligations.

Some of the governmentwide contract vehicles used by agencies to purchase such cyber tools are the General Services Administration’s Schedule IT-70, NASA’s Solutions for Enterprise-Wide Procurement V and VA’s Transformation Twenty-One Total Technology Next Generation contract.

Insider threat contract obligations related to the COVID-19 pandemic have reached $17.4M to date and may increase further in the next fiscal year as more agencies boost telework, according to BGOV.

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