Cyber security funding splash needs to cover more ground, industry says

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Cyber security startups have called on the federal government to ensure its $1.3 billion cyber security funding boost is directed towards helping Australian businesses develop herd immunity from cyber attacks

is directed towards helping Australian businesses develop herd immunity from cyber attacks.

"A concerted effort is needed across government agencies, businesses and the community to understand what's needed to stop criminals and other bad actors."Credit:Under the government's plan it will hire 500 intelligence agents, Australia's chief cyber defence agency will be given $31 million to build new offensive capabilities to go after cyber attackers offshore and there will also be a new $25 million cyber threat-sharing platform.

"I am hoping that money won't all go to the foreign multinationals and will flow to the Australian startup community and Australian companies." "It is an opportunity for startups to start building technology." Professor Matt Warren, director of the RMIT University Centre for Cyber Security Research and Innovation said the announced funding doesn't do enough to address skill shortages.

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Fear. Hype. Fear. Hype. Fear. Hype. And now a cyber cash splash on spies . Happy

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