Michaelia Cash (WA, Liberal Party, Minister for Employment, Skills, Small and Family Business) Share this | Hansard source

Australia's cybersecurity capabilities are strong but, as we'd all be aware, the threats we face online are increasing. It is estimated that a significant cyberattack impacting Australia for four weeks could cost the economy as much as $30 billion and an estimated 163,000 jobs. As part of our 2020-21 budget, the government will provide an additional $202 million to deliver the 2020 Cyber Security Strategy, creating a more-secure online world for all Australians. This now takes the government's total funding for the strategy to $1.7 billion to provide a cybersecurity uplift that is fit for purpose in the evolving online environment. This strategy will protect Australians, their businesses and, of course, the essential services that we all depend upon.