Govt to invest $50m in cybersecurity CRC

The federal government will invest $50 million over the next seven years to establish a cooperative research centre on cybersecurity.

The Cyber Security CRC will have total funding of $139 million, including $89 million from 25 industry, research and government partners.

Once established, the facility will be tasked with building Australia’s security capability and developing solutions to safeguard businesses and citizens online.

Solutions will include frameworks, products and approaches to securing existing and future ICT enterprises across a range of platforms and operating systems.

The CRC will work with AustCyber (the Australian Cyber Security Growth Network) to facilitate collaborative research into these areas.

“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,” Assistant Minister for Industry, Innovation and Science Craig Laundy said.

“The Cyber Security CRC will deliver solutions to increase the security of critical infrastructure and that benefit businesses and their customers.”

The new CRC will complement the government’s Cyber Security Strategy, helping meet the strategy’s objectives of developing a targeted and coordinated approach to security research and development.

In March, the government also announced it will invest $151.5 million to establish four other CRCs, covering new vehicle technologies, high-performance soils, honey bee products and food agility.