Brandis unveils new plan for Cyber Threats

The first stage of the federal government’s $47 million cyber security plan has been unveiled in Brisbane.

The Turnbull government’s Joint Cyber Security Centre allows law enforcement agencies, government and industry to collaborate and share information to battle cyber security.

Similar centres are set to be launched in Sydney, Melbourne, Adelaide and Perth.

Speaking at the unveiling, Attorney-General George Brandis said a strong cyber security approach was critical, not just for national security, but the economy as well.

“It is more important than ever that government and business work together,” he said.

Cybercrime is believed to cost the Australian economy more than $1 billion a year, though Mr Brandis said it could be as high as $17 billion.

The Brisbane centre includes federal and state government agencies, law enforcement, and industry representatives.

Agents are tasked with sifting through data, threat mapping, and analytics.

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