Cyber security: A national priority

Cyber security: A national priority

Cyber security: A national priority

One-third of Australian businesses have experienced cybercrime, resulting in business disruption, loss of information and revenue, as well as damage to reputation and even equipment. The rate and cost of a cyber breach is increasing rapidly in line with the growing number and sophistication of cyberattacks. Each year, cybercrime costs Australia more than $1 billion.

In response, the Australian Government launched the Cyber Security Strategy in 2016, which commits $230 million to help secure our national infrastructure, and our personal and business assets. The strategy recognises cyber security is a priority for economic growth, and calls for far greater collaboration between business, government, and the education and research sector.

Following the launch of the strategy, Macquarie University and Optus founded the Optus Macquarie University Cyber Security Hub. The $10 million joint investment has established a multidisciplinary network, which is providing expertise and leadership in cyber security. It offers a platform for exchange between academics and practitioners from business and government, and it aims at meeting the growing market and demand for cyber-security expertise among new graduates as well as existing employees.

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