Government launches cyber security scheme to help SMEs
subscribe
reporter
reporter
A
A
The federal government has announced a $26.5-million program aimed at strengthening the country’s cyber security capabilities, particularly within the SME sector.
Under the Cyber Security Skills Partnership Innovation Fund, grants of between $250,000 and $3 million will be provided to improve the quality and availability of cyber security professionals through training.
The fund is part of the $50-million Cyber Security National Workforce Growth Program that forms the federal government’s Cyber Security Strategy 2020.
Eligible activities may include developing and delivering specialist cyber security courses for professionals; retraining programs; professional development; apprenticeships; establishing new internships, cadetships, work experience and staff exchanges; and establishing cyber labs and training facilities.
The Australian Prudential Regulation Authority (APRA) has revealed more than $37 billion has been sapped from retirement funds through the Morrison government’s early release of the superannuation scheme.
New Zealand’s central bank is reimposing loan-to-value restrictions to cool investment-driven home price gains, sounding a warning for the Australian market.
An economist has predicted a tightening in lending standards if housing credit growth continues to accelerate, and has called for housing stimulus to be wound back.