Federal Government’s New Cyber Security Initiative

A new $10 million cyber security initiative announced by the federal government today will help small businesses secure their own and their customers’ data.

Over the next two years, eligible small businesses can apply for individual grants of up to $2,100, covering half the cost of having their cyber security tested by service providers approved by the Council of Registered Ethical Security Testers Australia New Zealand (CREST ANZ).

Minister for Industry, Science and Technology, Karen Andrews said the grants initiative forms part of the government’s Cyber Security Small Business Program.

“The Liberal-National Government recognises that confidence in the security of data is vital both to businesses and their customers, and thousands of Australian small businesses stand to benefit from this funding, helping them secure their digital assets,” Minister Andrews said.

“Small businesses are the backbone of Australia’s economy and this funding from the Liberal-National Government underlines our determination to help provide a healthy digital environment so they can prosper.”

The second component of the Cyber Security Small Business Program is a $2 million grant to CREST ANZ, enhancing its capacity to help small businesses with cyber security.

“Support from CREST ANZ will provide pathways for small businesses to take advantage of the economic opportunities that connected technologies provide.”