Cybersecurity and the Australian Federal Budget: October 2022 Edition

Initial Thoughts

Not much to see this time around. This was very light in the way of additional cybersecurity spend, with most of the funding already outlined in the coalition’s budget earlier this year, which I covered here.

Spend

The extra money for cybersecurity went mostly (predictably) to the government’s own departments:

  • $9.9 million over 4 years from 2022–23 to the Australian Competition and Consumer Commission for initial work on the establishment of a National Anti-Scam Centre.
  • $5.5 million over two years from 2022–23 for the Office of the Australian Information Commissioner to investigate and respond to the Optus data breach.
  • $2 million in 2022–23 to the Department of Home Affairs to expand its arrangement with IDCARE to provide specialist identity support services, including counselling and identity recovery services for victims of identity theft.
  • $700K in 2022–23 to the Treasury to raise public awareness of the risk of scams.
  • $8.7 million in 2022–23 to assist Ukraine’s Border Guard Service to upgrade border management, improve cyber security and enhance border operations in the field.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Ian Yip

Ian Yip

133 Followers

Cyber Risk. Cybersecurity. Business. Tech. Entrepreneur. CEO at Avertro. Former CTO at McAfee Asia Pacific.