Cybersecurity spending gets $1.35 billion boost in wake of online attacks against Australia

Cybersecurity spending gets $1.35 billion boost in wake of online attacks against Australia

The Federal Government wants to create more than 500 new jobs in its highly secretive cyber intelligence agency as part of what it says is Australia’s largest-ever investment in cybersecurity.

Key points:

  • The $1.35 billion package includes $31 million to improve the Australian Signals Directorate’s ability to disrupt cyber crime
  • A further $118 million will be used to expand its data science and intelligence capabilities
  • It is understood Australian officials believe China is responsible for recent cyber hacking activity

Prime Minister Scott Morrison announced $1.35 billion in existing defence funding would be spent over the next decade to boost the cybersecurity capabilities of the Australian Signals Directorate (ASD) and the Australian Cyber Security Centre (ACSC).

It followed Mr Morrison’s public warning earlier this month that Australian governments, businesses and political organisations were coming under an escalating series of cyber attacks from a sophisticated “state-based” hacker.

The PM did not blame any one country for the activity, although it is understood Australian authorities believe China is responsible.

“The Federal Government’s top priority is protecting our nation’s economy, national security and sovereignty. Malicious cyber activity undermines that,” Mr Morrison said.

PM says Australia the target of state-based cyber actors

“My Government’s record investment in our nation’s cybersecurity will help ensure we have the tools and capabilities we need to fight back and keep Australians safe.”

Mr Morrison said the package included $31 million to improve ASD’s ability to disrupt overseas cybercrime and $118 million to expand its data science and intelligence capabilities to identify emerging cyber threats.‘Urgent’ hacking warning shows Australia won’t shy away from China’s cyber attacksThe Government believes the nation is facing political and economic coercion. Its assessment is that there can be no backdown; retreat under pressure, and that pressure will only intensify, write Andrew Probyn and Stephen Dziedzic.Read more

Defence Minister Linda Reynolds said $12 million would be spent on “active disruption” options to protect Australian users.

“For example, this package will enable ASD and Australia’s major telecommunications providers to prevent malicious cyber activity from reaching millions of Australians by blocking known malicious websites and computer viruses at speed,” she said.

Amid warnings of a cybersecurity skills shortage in Australia, $470 million would also be used to create more than 500 new jobs within ASD.

The Government said further details would be revealed when it released its 2020 Cyber Security Strategy, a plan Labor has previously accused the Coalition of taking too long to finalise.

Senator Reynolds said the package was part of an overall $15 billion spend on cyber and information warfare capabilities over the next decade, to be outlined in Defence’s upcoming 2020 Force Structure Plan.

//www.abc.net.au/news/2020-06-29/cyber-security-investment-link-attacks-scott-morrison/12404468