Optus Business says it will invest A$3.5 million ($2.8 million) into the industry-led Cyber Security Cooperative Research Centre (CRC) as part of its increasing commitment to tackle the growing threat of cybercrime globally.
Under the seven-year agreement, Optus Business will provide the Cyber Security CRC with direct access to its dedicated team of cyber security experts and industry partners – from business and academia – to accelerate the development of technologies boosting the country’s cyber defenses. The Optus Business team will also work with the Cyber Security CRC to deliver training and guidance to help bridge Australia’s cyber skills shortage.
This extends Optus’ focus on the development of cyber security solutions across the Financial Services, Retail, Mining and Agricultural industries, leveraging our investments and experience in critical infrastructure and IoT.
John Paitaridis, Managing Director, Optus Business said, “No matter who you are, or what you do, cybercrime is a persistent and growing threat. By working together we can build an ecosystem to maintain a resilient, secure and trustworthy cyber capability in Australia.”
“This cooperative investment into the Cyber Security CRC is the largest of its kind, following the Australian Government’s launch of the National Cyber Security Strategy,” said David Irvine, Chairman, Cyber Security Research Centre. “The Cyber Security CRC has to-date received commitments to the value of over A$139 million, made up from a range of investing companies and bodies.”
Launched in September 2017 by the Australian Government with an investment of A$50 million over the next seven years to build Australia’s cyber capabilities, the Cyber Security CRC will initially focus on Critical Infrastructure Security and Cyber Security as a Service (CSaaS).