The Australian government has announced a $230 million cyber crime strategy. Will it be enough to take down the cyber crime geniuses and their ability to act as anonymous hackers infiltrating our every day lives.
This will see the Australian Crime Commission and the Australian Federal Police recruiting more the than 100 specialists to tackle cybercrimes including malware including ransomware, “hacktivism”, denial of service attacks and theft of data or intellectual property through cyber espionage.
The federal police will get an extra $20.4 million and the crime commission will pick up $16 million to conduct threat detection, technical analysis and forensic assessment.
It will appoint a new minister assisting the prime minister on cyber security. There will also be a special adviser on cyber security in the Department of Prime Minister and Cabinet, and a cyber ambassador.
The government estimates that cybercrime costs Australia more than $1 billion a year.
However, there are also estimates putting it $17 billion a year or 1 per cent of GDP.
The Government acknowledges that its agencies are vulnerable to cyberattacks.
Last year, there were reports suggesting China had hacked into the Bureau of Meteorology, compromising systems across the federal government. It’s a bit like an extract from a dystopian future novel regarding big brother surveillance and anonymous hackers bringing down the system.
The Prime Minister Mr Turnbull yesterday confirmed it had happened.
“I can confirm reports that the Bureau of Meteorology suffered a significant cyber intrusion which was first discovered early last year, and the Department of Parliamentary Services suffered a similar intrusion in recent years,” Mr Turnbull said.
He said Australia would also have the capacity to launch cyber attacks.
“An offensive cyber capability housed in the Australian signals directorate provides another option for Government to respond,” he said.
“The use of such a capability is subject to stringent legal oversight.”