Australia To Spend Another A$1billion On Cyber Security

Over the next decade Australia will spend A$1.35 billion (US$926.1 million) on its cyber security defence, Prime Minister Scott Morrison has said recently while the Australian capital Canberra has suffered a wave of serious cyber attacks.  The Australian Prime Minister has  said a “sophisticated state-based actor” has been cyber-attacking many areas of government, essential services and aspects of the critical infrastructure.

Although they have not laid blame for the attacks, a number of expert sources have told our correspondent that they think China is behind the attacks.

“The federal government’s top priority is protecting our nation’s economy, national security and sovereignty. Malicious cyber activity undermines that,” Morrison said in a statement.

The expenditure includes A$470 million for an extra 500 security experts in the Australian Signals Directorate, which is the country’s cyber intelligence agency. This investment is part of a A$15 billion in cyber warfare capabilities, Australia’s Minister for Defence Linda Reynolds said, a plan that was accelerated after an electronic attack on Australia’s parliament in 2019.

Australian is a part of the Five Eyes intelligence network, along with Britain, Canada, New Zealand and the United States but its cybersecurity funding pales compared to cyber-powers such as the US, China or Russia. The funding is intended to ensure Australia has the tools and capabilities to fight back and keep itself safe. 

Despite being major trade partners, Australia has not help back in criticising China, recently calling for an investigation into the origins of the coronavirus pandemic. It has also spoken out over what it describes as China's economic "coercion", covert influence campaigns and the use of technology companies like Huawei as a tool of intelligence-gathering and geopolitical leverage. In response, China has warned its students and tourists against going to Australia, applied trade sanctions on Australian goods and sentenced an Australian citizen to death for drug trafficking.

Cyber security startups have called on the Australian government to use the funds to help Australian businesses develop herd immunity from cyber-attacks.

"Using the COVID-19 analogy, Australia needs herd immunity to guard against the most determined attackers," Sam Crowther, the founder of cyber security startup Kasada, said. 

As part of the investment plan, A$12 million would be spent on "active disruption" options to protect Australian users to enable  Australia's major telecommunications providers to prevent malicious cyber activity from reaching millions of Australians by blocking known malicious websites and computer viruses. The Government said further details would be revealed when it released its 2020 Cyber Security Strategy.

Reuters:       WIO News:     Sydney Morning Herald:      ABC

You Might Also Read: 

Australia Creates Regional Cyber Innovation Centres:

 

« Attacks On Financial Services Are Increasingly Sophisticated
Security Risks of Contactless Payment »

CyberSecurity Jobsite
Perimeter 81

Directory of Suppliers

FT Cyber Resilience Summit: Europe

FT Cyber Resilience Summit: Europe

27 November 2024 | In-Person & Digital | 22 Bishopsgate, London. Business leaders, Innovators & Experts address evolving cybersecurity risks.

NordLayer

NordLayer

NordLayer is an adaptive network access security solution for modern businesses — from the world’s most trusted cybersecurity brand, Nord Security. 

Syxsense

Syxsense

Syxsense brings together endpoint management and security for greater efficiency and collaboration between IT management and security teams.

Resecurity, Inc.

Resecurity, Inc.

Resecurity is a cybersecurity company that delivers a unified platform for endpoint protection, risk management, and cyber threat intelligence.

CYRIN

CYRIN

CYRIN® Cyber Range. Real Tools, Real Attacks, Real Scenarios. See why leading educational institutions and companies in the U.S. have begun to adopt the CYRIN® system.

ComSec LLC

ComSec LLC

ComSec perform threat assessments to identify vulnerabilities and help protect businesses against corporate espionage via electronic eavesdropping.

Anomali

Anomali

Anomali delivers intelligence-driven cybersecurity solutions to enhance threat visibility, automate threat processing and detection, and accelerate threat investigation, response, and remediation.

Onapsis

Onapsis

Onapsis is a pioneer in cybersecurity and compliance solutions for cloud and on-premise ERP and business-critical applications.

SecureNinja

SecureNinja

SecureNinja provides professional training, certifications & professional services related to all facets of Information Technology and Cyber Security.

H3C Group

H3C Group

H3C provides a full range of Computer, Storage, Networking and Security solutions.

_cyel

_cyel

_cyel is introducing a new cybersecurity strategy: not a new generation of patches and firewalls, but moving target security – we take away the targets. Without replacing your existing system.

Assertion

Assertion

Assertion secures your collaboration (UC/CC) systems from cyber risks. Enforcing the right set of controls and monitoring them continually brings down risk to acceptable levels.

Renesas Electronics

Renesas Electronics

Renesas Electronics delivers trusted embedded design innovation with solutions that enable billions of connected, intelligent devices to enhance the way people work and live - securely and safely.

Infosec Partners

Infosec Partners

Whether you’re looking for complete managed security or an on-call expert advisor, we offer a range of managed security services to complement your internal team or primary outsource partner.

iZOOlogic

iZOOlogic

iZOOlogic protects hundreds of the world’s leading brands, across banking, finance and government from cybercrime. We provide strong cyber defence solutions to protect client digital assets.

Alias

Alias

Alias (formerly Alias Forensics) provide penetration testing, vulnerability assessments, incident response and security consulting services.

DartPoints

DartPoints

DartPoints helps bridge the digital divide by delivering cloud, colocation, managed services + edge infrastructure.

Maintel

Maintel

Maintel provides cloud and managed communications services. We help our customers to deliver exceptional customer experiences, and to securely access their applications and their data.

LetsData

LetsData

LetsData uses AI to provide governments, intergovernmental organizations, civil society, and businesses with data-empowered decisions on communication in the age of online disinformation.

Raito

Raito

Raito's unique solution integrates with the data development process and lets data teams monitor, manage, and automate data security across the data stack.

Blackwired

Blackwired

Blackwired has established a new category in cyber security with an intelligence-led model based on the USMC’s Combat Hunter programme ‘Left of Bang’.