The Australian government has announced that it will invest $50 million over the next seven years to establish a cyber security research centre.
The funding will leverage more than $89 million from 25 industry, research, and government partners.
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“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,” said Craig Laundy MP, assistant minister for Industry, Innovation and Science. “This will give the Australian community confidence they are safe and secure as they conduct their business online.”
The planned Cyber Security Cooperative Research Centre (CRC) will create strategies “to increase the security of critical infrastructure” and enhance the competitiveness and sustainability of Australian industries.
The activities of the Cyber Security CRC will complement the Australian government's cyber security strategy, which aims to enable citizens to protect themselves and be more resilient to malicious cyber activity.
The Australian Cyber Security Growth Network (AustCyber), part of the government's Industry Growth Centres Initiative, will work closely with the Cyber Security CRC to facilitate collaborative research to meet the country's cyber security needs.
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