NSW Cyber Hub
The Australian cyber security sector employs around 26,500 people, with approximately 40% in NSW. Nationally, cyber security spending is forecasted to increase from $5.6 billion in 2020 to $7.6 billion by 2024, with much of that activity occurring in NSW. Globally, it is expected that spending on cyber security will grow from US$147 billion in 2020 to reach US$207 billion by 2024. (Source: Cyber Security Sector Competitiveness Plan 2020, Australian Cyber Security Growth Network).
NSW Cyber Hub
The NSW Cyber Hub will help businesses grow by delivering a range of industry support initiatives in partnership with other agencies and industry. The Hub will act as a front door for NSW businesses seeking cyber industry support.
The initiatives delivered will include –
- Skilling and mentoring programs
- Product commercialization and market access pathways
- Avenues for collaboration between industry and research organsiations
Cyber Security Connect Program
The Cyber Security Connect Program enables participants to join the NSW Cyber Hub. Participants are connected to government run activities such as funding programs, expressions of interests to business opportunities, international missions, networking events, capability building workshops and other resources and information, such as key sector and market reports.
Industry Partnership Program
In partnership with industry, the NSW Cyber Hub will work to grow the NSW cyber security ecosystem. The partnership will facilitate collaboration and communication between businesses, academia and government, and facilitate connections between NSW cyber security SMEs and other priority industries. The partnership will also work to share knowledge and uplift business cyber capability.
Accelerator in Residence Program
The Accelerator in Residence Program is designed to attract new participants to NSW and build local innovation and scaling capability in technology and cyber. The program aims to scale and grow the number of cyber companies in NSW, create more high value cyber jobs, attract investment into these businesses and facilitate export opportunities in global networks.
Cyber Security Industry Placement Program
The Cyber Security Industry Placement Program will incentivise industry to provide work placements that complement cyber security training. This will address the industry identified skills gaps that exist between formal training and the workplace standards. Eligible businesses will benefit from a wage subsidy over a placement period, with targeted streams seeking to lift the participation of under- represented groups in the cyber workforce.
Workforce and Skills Development Program:
NSW Cyber Ambassador Program
NSW Cyber Ambassadors are volunteers from the cyber security sector who participate in workshops with students, parents, and teachers. These workshops aim to inspire and encourage school students to develop an interest in and pursue a career in cyber security.
Cyber Security is a rapidly growing segment in the economy and is increasingly a crucial capability across almost every industry. Currently, there is a shortage of cyber security workers in Australia and the world, with this gap expected to grow. This program aims to address this shortage and encourage more people to join this fast-evolving, exciting industry.
Under the 2021 NSW Cyber Security Strategy, the NSW Government has committed to launching the next iteration of the Cyber Ambassadors Program. This new Program will build on the success of the existing Program, expanding its reach and activities.
A pilot of the CyberCheck.Me initiative in NSW will provide industry experience to cyber security students by performing a cyber health audit for Small to Medium Enterprises (SMEs). The program was developed by the Edith Cowan University Security Research Institute (ECUSRI) in partnership with WA AustCyber Innovation Hub (WAACIH) and local government entities.
Cyber Skills Study and Pathway Mapping
A state-wide cyber skills study and pathway mapping initiative will provide the NSW Government with an updated understanding on cyber skills and workforce gaps. The evidence-based insights will help to inform the design of workforce development initiatives and curriculum. Collaboration with the Federal Government will support the development of a coordinated, national pathway for cyber careers. Download the 2020 Cyber Security Skills & Jobs NSW Study here.