Canada to #Devote $1 #Billion of Federal #Budget to #Fighting #Cybercrime

Source: National Cyber Security News

NEXT-GENERATION CYBER-PROFESSIONALS
The Canadian government will release details of its federal budget this coming week, and local news outlets are reporting it will include a $1 billion cybersecurity fund. According to CBC News, federal government agencies requested for the funding to bolster Canada’s cybersecurity infrastructure, as multiple departments are facing growing cybercrime issues.

A bulk of the funding will be a much-needed supplement to Canada’s 2010 National Cyber Security Strategy — although the revised plan would not be included in the budget. The revised plan is expected to come out later this year from Public Safety Canada.

The proposed budget would finance a number of efforts to combat cybercrime in the country, which could include training the next-generation of so-called cyber-professionals and encouraging them to apply their craft in Canada. The money would also likely be used to strengthen military’s cybersecurity capabilities by outsourcing the expertise needed from local private companies. The idea is to keep the pool of cyber-security warriors trained in and working for Canada.

A TIMELY DECISION
Many experts also see the budget translating to funding cyber “co-development” projects between the government and the private sector. Cybersecurity in Canada would be provided for by Canadian information and technology companies, which in turn would work with the federal government to develop both hardware and software solutions.

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