AUSCERT, Australia’s computer emergency response team, emphasized the significance of the 2024/25 Federal Budget in strengthening cyber-resilience within government departments like the Australian Tax Office and ASIC. The budget allocations, amounting to millions, prioritize long-term commitments towards securing national information assets against online fraud and identity theft. Notable allocations include AUD288 million for Australia’s Digital ID program, AUD40 million for AI safety efforts, and AUD50 million for enhancing myGov fraud detection
Various departments like ASIC, ATO, and APRA will receive funding over multiple years to combat scams and improve cybersecurity. The budget also includes investments in enhancing ICT and security measures for departments like Department of Foreign Affairs and Trade, upgrading NDIS systems, and modernizing legacy systems of APRA and ASIC. Additionally, funds are allocated for industry codes to address scams, cybersecurity improvements for Australian Sports Foundation, and public awareness campaigns on identifying and reporting scams. https://australiancybersecuritymagazine.com.au/auscert-says-budget-funding-will-help-bolster-cyber-resilience/?utm_source=rss&utm_medium=rss&utm_campaign=auscert-says-budget-funding-will-help-bolster-cyber-resilience&utm_source=rss&utm_medium=rss&utm_campaign=auscert-says-budget-funding-will-help-bolster-cyber-resilience