NSW plays vital role in cybersecurity

24 March 2014

A photo of a man at a multi-screen computer

The NSW Government put cyber security in the spotlight at a defence industry event to highlight the State's 'smart defence' capabilities and its position as Australia's hub for cyber security expertise.

The invitation-only event held on 20 March was hosted by NSW Deputy Premier and Minister for Trade and Investment Andrew Stoner and featured contributions from Mr Peter Bull from Thales, Mr Gary Delaney of CBA and from Dr Jodi Steel, Director of NICTA's Security and Environment Business team.

The event is the latest in a series designed to build on the release last year of the NSW Position on Defence

Dr Steel said the NSW Government's Position Paper on Defence is a good first step to connect small business with larger business and with government research organisations and universities.

"We should now be joining the dots to build a dynamic ecosystem around cybersecurity across the nation. Israel, Germany, France, the UK and the US have all done this, and some individual states like Maryland – which supplies a refundable tax credit to cybersecurity companies that seek and secure  investment – are also playing an important role," Dr Steel said.

Cybersecurity is an important opportunity for future growth and jobs in NSW.

The NSW Position Paper on Defence identified NSW as well positioned to become a significant player in cyber security, with a significant cluster of relevant industries to protect businesses and consumers against the rapidly escalating risks of cyber crime and cyber warfare.

A strong virtual cyber security cluster exists with a number of NSW universities, in particular The University of Sydney undertaking active research programs targeting cyber security issues.

Many of the existing Defence Primes operating within NSW also possess substantial high-end scientific and industrial capabilities in the cyber security domain, and companies including BAE Systems, Northrop Grumman, Raytheon and Thales all offer substantial cyber security capabilities.

NSW and particularly Sydney, is home to a substantial proportion of Australia's banking and financial services industry, which is both a key target for cyber warfare and a strong source of demand and capabilities in cyber security services.