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The Albanese government has announced a successful provider for a new small business cyber resilience service valued at $11.1 million.
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Government announces further SME cyber support
09 October 2024
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IDCARE has been revealed by the government as the successful provider of a new $11.1 million small business cyber resilience service.
According to the government, the service will provide free, tailored one-on-one assistance to help small businesses navigate cyber challenges, bolster cyber resilience and help recover from a cyber incident.
The Albanese government announced $11.1 million to establish the small business cyber resilience service, under the 2023-2023 Australian Cyber Security Strategy.
Minister for Small Business Julie Collins said cyber crimes can have devastating impacts on Australia’s 2.5 million small businesses.
“That is why the Albanese Labor government is investing in critical new support to help small businesses harness the opportunities of digital technology and keep them safe while doing so,” she said.
“The government's small business statement outlines more than $640 million in targeted support for small businesses to ease pressure, support small businesses to grow, and level the playing field.”
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According to the government, the service is part of a $60 million investment to help small businesses uplift their cyber and digital strategies.
This is inclusive of the Cyber Wardens program valued at $23.4 million which is aimed at providing small businesses with “free online training to help identify cyber safety practices they can implement to prevent and protect against digital threads.”
Collins noted the average cost of a cyber incident for a small business is around $46,000.
The government has also invested $7.2 million to establish a voluntary cyber health check program to allow businesses to undertake a free, tailored self-assessment for their cyber security maturity.
In addition, the digital solutions program helps small businesses adopt digital tools and “grasp the opportunities” that going online offers.
The government has invested $18.6 million into the digital solutions program.
Minister for Cyber Security Tony Burke said the government needs to be strong no matter how large or small a business is when it comes to cyber security.
“Our government is committed to working with businesses of all sizes to build our cyber resilience as a nation,” he said.
“We’ve made our objective clear – we will be a world leader in cyber security by 20230, and small business is critical to that effort.”
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