Funding to strengthen Australian cyber security capability

Defence Connect | June 06, 2019

Funding to strengthen Australian cyber security capability
The federal government has backed Australia’s cyber security sector to grow and create new jobs, with businesses to share in up to $8.5 million in funding. Announcing the opening of the second round of AustCyber’s Projects Fund, Minister for Industry, Science and Technology Karen Andrews encouraged companies that can make a significant contribution to the sector to apply. "Australia’s cyber security industry is continually growing and this funding will further boost our ability to become a global leader in the field, creating more Australian jobs while also making the nation more cyber resilient," Minister Andrews said. Minister Andrews explained the importance of the investment, saying, "According to a report released by AustCyber last year, the global cyber security market is projected to be worth almost US$250 billion by the year 2026. This funding will assist the cyber security industry to upskill and expand the sector, and harness the enormous opportunities available to Australia." Matched funding for individual projects ranges from $100,000 to $3 million, totalling up to 50 per cent of eligible project costs.

Spotlight

"Just as context is key to understanding a concept, security data can also be enriched with contextual data to provide better understanding and actionable intelligence. Learn how a security foundation built on organizational, infrastructure and external context can elevate the information provided by both “next generation” and legacy security devices provides actionable intelligence – the ability to quickly and efficiently make fully informed security decisions."

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