Government funds establishment of Cyber Security CRC – October 2017
The Federal Government has announced a new industry-led cyber security Cooperative Research Centre (CRC) to build Australia’s cyber security capability and deliver solutions to ensure the safety of businesses and citizens in cyberspace.
The Government will invest $50 million over the next seven years to establish the Cyber Security CRC.
This funding will leverage more than $89 million from the 25 industry, research and government partners.
In a joint statement, Assistant Industry Minister Craig Laundy and Minister Assisting the Prime Minister on Cyber Security Dan Tehan said: “This investment will contribute to Australia’s reputation as a secure and trusted place to do business, enabling industry to attract and increase investment, trade and commerce and delivering broad economic benefit.
“Cyber security is a strategic priority for Australia’s national security. As our industry, government and businesses become increasingly cyber-connected, we need to ensure the essential technologies, core systems and architecture they need to function are secure.
“This will give the Australian community confidence they are safe and secure as they conduct their business online.
“The Cyber Security CRC will deliver solutions to increase the security of critical infrastructure and that benefit businesses and their customers.”