NZ’s $8 million cyber security funding boost

NZ’s $8 million cyber security funding boost | Insurance Business

NZ’s $8 million cyber security funding boost

The New Zealand government has announced it will intensify its focus on cyber security with funding from Budget 2019 and a revised cyber security strategy.

It has allocated $8 million over the next four years to help implement its efforts - this is on top of $9.3 million increased funding for CERT NZ.

According to Minister of Broadcasting, Communications and Digital Media Kris Faafoi, the new strategy highlights four fundamentals for cyber security in New Zealand: partnerships are crucial; people are secure and human rights are respected online; economic growth is enhanced; and national security is protected.

“A lot of work went in to hearing what was needed and what was important to the cyber security community, and how we could help New Zealanders be confident and secure in the digital world,” Faafoi said. “We have to work together to keep individuals, businesses, community organisations and the private sector thriving online.

Read more: EY expert reveals what’s really behind most data breaches

“It is important to stress that a focus on cyber security is critical across society and the economy.

“This is why the strategy also sets out the government’s priorities on cybercrime and how New Zealand will continue to champion a free, open and secure internet internationally,” the minister added.