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Australia to strengthen cyber defences for companies and households
- Friday | 7th August, 2020
SYDNEY (Reuters) – Australia will spend A$1.66 billion ($1.19 billion) over the next 10 years to strengthen the cyber defences of private companies and households following a rise in cyber attacks, Prime Minister Scott Morrison will announce on Thursday. Cyber attacks on businesses and households are costing about A$29 billion or 1.5% of the country’s Gross Domestic Product, according to Morrison’s prepared remarks seen by Reuters. “We will protect our vital infrastructure and services from cyber attacks. While Australia seeks to strength its cyber defences, it will also embark on a more aggressive approach to disrupting would-be attackers. China denies it was responsible for the attack on the country’s parliament that came just months ahead of a national election.
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