A 21-year-old Kingaroy man was charged on March 20, 2014,with hacking and fraud offences following the alleged hacking of a US based online gaming developer's computer network. Picture: QLD Police
A 21-year-old Kingaroy man was charged on March 20, 2014,with hacking and fraud offences following the alleged hacking of a US based online gaming developer's computer network. Picture: QLD Police

Government to spend $230 million on cyber security

PRIME Minister Malcolm Turnbull has promised to pour $230 million into a new cyber strategy that includes provision for the Australian government to launch its own cyber attacks.

The strategy's aims include increasing cyber security co-operation between the government and business, and creating strong cyber defences and a more cyber-smart nation.

Part of the funding will be spent on the recruitment of 100 more police and cyber specialists to protect against "foreign adversaries" and "deter and respond to malicious cyber activities".

A new minister will be appointed to assist the PM on cyber security, and the position of cyber "ambassador" created to promote a free and secure internet.

The funding adds to the $400 million provision, over 10 years, announced for cyber security in the Defence White Paper.

Foreign Minister Julie Bishop confirmed yesterday that the Bureau of Meteorology was the victim of a cyber attack last year.

That attack, which is thought to have originated in China, still threatens government internet services and will reportedly cost hundreds of millions of dollars to fix.

Estimates of the economic cost to Australia of cyber crime vary between $1 billion and $17 billion a year.



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