On 27 November 2018, the Australian Minister for Industry, Science and Technology, the Hon Karen Andrews, launched AustCyber’s 2018 update to Australia’s Cyber Security Sector Competitiveness Plan and the first ever Australian Cyber Security Industry Roadmap.
These documents come at a crucial time with Australian cyber security revenues soaring from A$2 billion in 2016 to A$6 billion by 2026.
This upward trend in cyber security spending spans around the world. US$131 billion was spent on cyber security globally in 2017, with an 88 per cent increase expected by 2026.
AustCyber’s 2018 update to Australia’s Cyber Security Sector Competitiveness Plan draws on extensive industry consultation and research to provide a fresh picture of the global outlook, the challenges, and the opportunities and priority actions needed to grow a vibrant and globally competitive cyber security sector that enhances Australia’s future economic growth. It also provides a deep dive into the skills and workforce gap, which is one of the key issues impacting the sector’s growth.
In partnership with CSIRO Futures, AustCyber has also developed the first ever Australian Cyber Security Industry Roadmap which identifies a common vision and maps out the road to success in the Australian cyber security sector. World-class scientific and technological expertise is applied to steer business, government and society through the challenges we must navigate over the medium to long term, to seize opportunities across all Australian industries.
In the coming weeks, we will be sharing important messages from Australia’s Cyber Security Sector Competitiveness Plan and the Australian Cyber Security Industry Roadmap on our social media channels including LinkedIn and Twitter.
Please help us amplify these key messages by sharing with your networks. Together we can grow a vibrant and competitive cyber security sector that generates increased investment and jobs for the Australian economy.
“As organisations increasingly rely on digital technology and data, the need to protect people and assets from malicious cyber activity is growing. This strong demand for cyber security is creating substantial economic opportunities,” said Michelle Price, AustCyber CEO.
Both documents are available online: