Strong cyber security is essential to allow individuals and businesses to take advantage of the economic possibilities of the digital world. To create opportunities for businesses in the rapidly growing cyber security sector, the Federal government is providing $30 million through to 2019-20 to establish a new industry-led Cyber Security Growth Centre to grow and strengthen Australia’s cyber security industry.
The global cyber security market is currently worth more than US$71 billion and is growing at around eight per cent a year. The CSGC will ensure that Australia is a global industry leader, able to export products and services in the global marketplace while helping Australian businesses and governments to address the growing threat of cyber crime.
Sandra Ragg, assistant secretary Cyber Policy at the Department of the Prime Minister and Cabinet (DPMC) said the CSGC will be a place "where we can bring together the talent that exists in the research and academic community and within business to get commercialisation of products".
Ragg said it was about business more broadly, and how it can be enabled to take advantage of cyber security to deliver technologies in a secure way that will position them better in the global marketplace.
"There is flexibility in the arrangement to co-design the CSGC so that it actually matches the needs of the cyber security sector, the business sector more broadly and the research sector and can move rapidly in an agile way to react to the markets."
See the DPMC videos featuring a panel discussion with Ragg below.