Over the next four years, Australia’s federal government will invest more than A$230 million on cyber security. Put another way, A$57.5 million per annum will be taken from one part of the federal budget and spent instead on cyber security.
The government’s long-awaited Cyber Security Strategy does not detail how these funds will be spent across the “five themes of action” included in the strategy.
Yet this information is curiously available from other sources. Some A$38.8 million is expected to be spent relocating the same Australian Cyber Security Centre where the cyber security strategy was initially announced two years ago.
Other large line items, not detailed in the strategy document but reported elsewhere, include A$5.3 million annually to increase the capabilities of Australia’s Computer Emergency Response Team, A$11.8 million annually to establish joint cyber-threat sharing centres and an online threat sharing portal, and A$7.6 million to create a national cyber security innovation network. For the full article click here
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