The Federal and NSW Governments are continuing to invest in cyber security, with the launch of a new hub to drive innovation and economic growth in the sector.
The NSW Cyber Security Innovation Node joins five other state and territory nodes created in partnership with AustCyber.
Federal Minister for Industry, Science and Technology Karen Andrews said the new node was another important step in developing an industry that would boost Australia’s economy and create jobs.
“This new node in Sydney, backed by AustCyber and the NSW Government, will bring together startups, corporations, universities, researchers and government agencies to share expertise and create new ideas,” Minister Andrews said.
“The Morrison Government is determined to reap the rewards of the rapidly growing global cyber security market which is expected to be worth US$250 billion by 2026.
“We want to generate more investment and more jobs for Australians.”
NSW Minister for Finance and Small Business Damien Tudehope said NSW was Australia’s leading user of cyber security products and services and home to the nation’s largest fintech industry.
“A cyber security network without NSW would not truly be a national network.
“Together with our launch of the NSW Cyber Security Industry Development Strategy last year (2018), the establishment of the node is a further important step taken by the NSW Government towards strengthening our cyber capabilities,” Mr Tudehope said.
The NSW Cyber Security Innovation Node will be co-located with and complement the Joint Cyber Security Centre in Sydney, which has a focus on threat information sharing.
It joins a network of nodes backed by AustCyber and state/territory governments already established in Victoria, the ACT, Western Australia, South Australia and Tasmania.
Growing the cyber security sector is part of the Federal Government’s broader plan to grow the economy and create 1.25 million new jobs over the next five years.
Source: NSW Government