The Federal Government will invest $10.7 million over four years to set up the Cyber Security Advisory Office (CSAO) to enhance the country’s digital defences.
“The CSAO will provide strengthened central governance and assurance for cyber security and broader project vulnerability across government,” Treasury says. “[It] will work with agencies to ensure they are appropriately managing the risks of cyber and other digital vulnerabilities on digital services.”
Treasurer Scott Morrison announced the allocation in the new federal budget.
JLT Australia CEO Leo Demer has welcomed the initiative.
“Continuing to strengthen Australian networks and systems, and investing in key government agencies, will assist Australia in protecting itself against threat actors seeking to infiltrate… businesses through criminal networks or compromised government agencies,” he said.