The Federal Government has opened the first Joint Cyber Security Centre, which will bring together industry, government and law enforcement to help boost cyber resilience.
The move follows recent changes to the Privacy Act, which would make breach notification following a cyber attack mandatory. These changes are likely to see the importance of cyber insurance continue to rise.
The centre, to be based in Brisbane, is the first stage of a $47 million program piloting collaborative work spaces where cyber security experts,
Government and law enforcement can work alongside one another to share information and develop new approaches to threats posed in the cyber world.
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The Government confirmed that similar centres are planned for Sydney, Melbourne, Adelaide and Perth as Australia looks to sure up its cyber defences.
“Centre representatives will conduct a broad range of joint activities, including data analytics, targeted training, workshops and threat mapping. Work is also underway on an information sharing portal that will broaden the reach of the centres,” the Government said in a statement.
Cyber crime costs the Australian economy more than $1 billion each year and the launch of the centre forms one part of Australia’s cyber security strategy.
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