The Federal Government has provided $8.5 million in funding for the cyber security sector to grow and create jobs, Minister for Industry, Science and Technology Karen Andrews has announced.

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The website of Australian online retailer Princess Polly has been breached, the company says in a statement, adding that customers' personal information and payment details may have leaked to the attackers.

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The chief executive of a cyber security firm in Canberra says the announcement of $156 million in funding by Prime Minister Scott Morrison, to bolster cyber security efforts that are in place to guard the country's communications networks, would do little to directly improve the protection of government agencies.

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