President Donald Trump’s administration on Monday unveiled a $20.5 billion plan that would target cyber threats that affect American businesses and their customers, while also providing a boost to efforts to protect critical infrastructure.
The National Security Agency is the biggest beneficiary of the plan, which is aimed at making sure that companies don’t make false claims to bolster their cybersecurity, the White House said in a statement.
The $20-billion cybersecurity budget would also include more than $10 billion for state and local governments to protect data, the statement said.
The new plan would also create a cybersecurity czar to coordinate cybersecurity efforts with the White Senate and the Department of Homeland Security.
The move is a first for the administration, and comes as it grapples with an array of cybersecurity threats that include hackers seeking to infiltrate the U.S. banking and financial system, the threat posed by Russian state actors, and other issues.
The Trump administration has been working on cybersecurity measures, such as hiring a cybersecurity expert to run the National Cybersecurity and Communications Integration Center, a $10 million job, since last year.
The White House also announced that the president will sign an executive order to create a “cybersecurity infrastructure” for businesses and institutions, as well as establish a new Cybersecurity Advisory Board, which will have members of the business and financial communities.
Trump has made cybersecurity an issue of his campaign, repeatedly pledging to invest in cyber defenses and hire more cybersecurity experts.
He also vowed during his election campaign to appoint a cybersecurity adviser to the Whitehouse.
“As a presidential candidate, I vowed to appoint the best cyber experts to the National Security Council and to bring them in,” Trump said in an Oct. 2 speech.
“And we have accomplished both.
Today, I am announcing a $2 billion cyber-security investment plan to help our companies, and our economy, better defend themselves and our customers.”
Trump has also pushed for a cybersecurity task force to work with the Office of Management and Budget and the Commerce Department to determine ways to improve cybersecurity in the U