Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Government invests in cyber security

The Commonwealth government has released its 2021-22 budget, which includes funding for the Digital Economy Strategy, partly aimed at bolstering cyber resilience.

The Commonwealth government has released its 2021-22 budget, which includes funding for the Digital Economy Strategy, partly aimed at bolstering cyber resilience.

Treasurer Josh Frydenberg has unveiled the Commonwealth government’s 2021-22 budget, which includes $1.2 billion for the Digital Economy Strategy.

Advertisement
Advertisement

This includes over $124.1 million to improve Australia’s research and industry capability in artificial intelligence and the establishment of a National Artificial Intelligence Centre led by CSIRO.

The Digital Economy Strategy is also expected to fund the development of digital skills and incentivise businesses and the training of “the next generation of cyber security experts”.

The government has also committed an additional $1.9 billion over the next decade to bolster Australia’s national security, law enforcement and intelligence capabilities.

Of these new funds, $1.3 billion will be provided to the Australian Security Intelligence Organisation (ASIO), in a bid to support its technological capabilities.

The Australian Criminal Intelligence Commission will be provided with $51.8 million to support its efforts to curb “transnational, serious and organised crime”.

The $1.9 billion investment also includes $464.7 million to strengthen Australia’s domestic detention capabilities and a further $38.1 million to support Indonesia with its “irregular migrant population”.

These measures are in addition to the $270 billion committed to enhancing defence capability over the next decade.

Late last month, the government revealed that of the $270 billion, $747 million would be set aside for upgrades to Defence bases in the Top End, as part of a broader $8 billion commitment over the next decade.

The Robertson Barracks Close Training Area, Kangaroo Flats Training Area, Mount Bundey Training Area and Bradshaw Field Training Area are among the Defence facilities expected to benefit from the investment.

The upgrades, which are subject to parliamentary approval, are set to commence later this year, with the projects expected to be completed by mid-2026.

Government invests in cyber security
Parliament-House.jpg
lawyersweekly logo

more from cyber security connect

Jul 28 2021
Iranian hackers pose as female to honeypot defence contractor
An Iranian linked hacking group spent years cultivating a Facebook profile to target a defence contr...
Jul 28 2021
Aus Cyber Security Centre unveils new foreign supply-chain guidelines for businesses
If there’s anything that recent cyber security attacks have taught the industry, it’s that even ...
Jul 28 2021
RMIT unveils plans to launch supercomputing facility, first Australian university to reach milestone
Melbourne’s RMIT has unveiled a plan to be Australia’s first university to launch a cloud superc...