Security Market Segment LS
Tuesday, 30 April 2019 11:09

Cyber funding will not help protect govt or business: claim Featured

Daniel Lai: "There is no preventive aspect to the announcement to deal with the threat today. Whilst it is needed, it is another ‘finger in the dike’ fix." Daniel Lai: "There is no preventive aspect to the announcement to deal with the threat today. Whilst it is needed, it is another ‘finger in the dike’ fix." Supplied

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.

Daniel Lai, the head of ASX-listed archTIS, told iTWire that while any announcement of an increase in potential future funding from the government towards improving Australia’s Cyber Security position was welcome, this announcement would also do little to help industry or small business and project them from "the real and present danger that exists from malicious cyber actors".

Morrison announced the funding on Monday. Fifty million dollars will go towards hiring people to expand the workforce, while another $40 million would be allocated for the Australian Cyber Security Centre to work with the Australian Federal Police to counter attacks by cyber criminals from outside the country.

The ACSC will get an additional $26 million to provide assistance to the community in the event of any cyber attacks and the remaining $40 million to hire more military cyber experts over the next four years.

"There is no preventive aspect to the announcement to deal with the threat today," said Lai. "Whilst it is needed, it is another ‘finger in the dike’ fix.

"Until there is a proper strategy to appropriately fund and address the enormity of the problem and introduce preventive measures for government, industry and small business, we will continue to see Australian national secrets and intellectual property stolen."

Asked about incidents where national secrets and IP had been stolen, he cited four incidents: 1, 2, 3, 4.

Asked what he meant by "preventive aspect", Lai said: "The announcement focused on human resource training and advice [that] will take significant time to add value to addressing the issue.

"Human resource training does not address the current threat. Advice services are [a] post attack or new exploit [mitigation strategy]."

He said preventive measures were about immediate investment in security controls and products to defend against current attacks.

"There was no announcement of a fund or incentive for important government agencies, industries or small business to draw down to improve their current cyber security posture to defend against attacks," Lai added.

He said a holistic strategy would address the protection of Australia's national defence, law enforcement, border and critical infrastructure industries.

"It would broadly cover all aspects of cyber including information security, incident management, recovery, insurance and accreditation and certification.

"Right now there is no implementation plan for this, no centralised ecosystem to understand the relationship to develop an integrated strategy and policy with industry and small business."

Subscribe to ITWIRE UPDATE Newsletter here


The much awaited iTWire Shop is now open to our readers.

Visit the iTWire Shop, a leading destination for stylish accessories, gear & gadgets, lifestyle products and everyday portable office essentials, drones, zoom lenses for smartphones, software and online training.

PLUS Big Brands include: Apple, Lenovo, LG, Samsung, Sennheiser and many more.

Products available for any country.

We hope you enjoy and find value in the much anticipated iTWire Shop.



iTWire TV offers a unique value to the Tech Sector by providing a range of video interviews, news, views and reviews, and also provides the opportunity for vendors to promote your company and your marketing messages.

We work with you to develop the message and conduct the interview or product review in a safe and collaborative way. Unlike other Tech YouTube channels, we create a story around your message and post that on the homepage of ITWire, linking to your message.

In addition, your interview post message can be displayed in up to 7 different post displays on our the site to drive traffic and readers to your video content and downloads. This can be a significant Lead Generation opportunity for your business.

We also provide 3 videos in one recording/sitting if you require so that you have a series of videos to promote to your customers. Your sales team can add your emails to sales collateral and to the footer of their sales and marketing emails.

See the latest in Tech News, Views, Interviews, Reviews, Product Promos and Events. Plus funny videos from our readers and customers.


Sam Varghese

Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

Share News tips for the iTWire Journalists? Your tip will be anonymous




Guest Opinion

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News