The federal government announced on Wednesday $142.6 million in cybersecurity funding – in addition to the $94.4 million for cybersecurity identified in Economic Action Plan 2015 – making a total investment over the next five years of $237 million.
Steven Blaney, Canada’s Minister of Public Safety and Emergency Preparedness, joined John Manley, president and CEO of the Canadian Council of Chief Executives, to announce the investments to advance Canada’s Cyber Security Strategy, Public Safety Canada (PSC) said in a press release.
The new funding will be used to “better protect essential cyber systems outside of the federal government by enhancing collaboration with the private and critical infrastructure sectors,” PSC said in the release. This includes a greater capacity for the Canadian Cyber Incident Response Centre to respond to, and mitigate, cyber incidents in the private sector. Through the development of real-time automated feeds, the private sector will receive additional threat information and faster dissemination, PSC noted in a backgrounder.
The investment will also be used to develop policing expertise to detect and disrupt cybercrime activities through dedicated resources and training, with the RCMP to establish a “dedicated investigative team to combat high-priority cybercrime.”
“As long as our digital infrastructure continues to evolve, there will always be those who try to exploit vulnerabilities to undermine Canada’s national security, public safety and economic prosperity,” Blaney said in the release. “Collaboration and information-sharing with critical infrastructure sectors and private sector partners is our best defence to protect our essential cyber systems.”
Launched in 2010, Canada’s Cyber Security Strategy is built on three pillars: securing government systems; partnering to secure vital cyber systems outside the federal government; and helping Canadians to be secure online. In 2013, the Canadian Anti-Fraud Centre received more than 16,000 complaints of cyber-related fraud (email and website scams), accounting for more than $29 million in reported losses, PSC reported.
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