Canadian Minister of Public Safety Hon. Steven Blaney this week announced that the Canadian government would allot an additional $142.6 million in its budget to fighting cybercrime.
According to Blaney, the funds will be used to bolster the government’s cyber policing activities, with a dedicated investigation team formed at the Royal Canadian Mounted Police. The government had previously set aside $94.4 million to improve its cyber resources and training, bringing the total investment over the next five years to $237 million. The initiative will assist Canadians in being safer online as well as securing “vital cyber systems” and thwarting hackers.
“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. Collaboration and information-sharing with critical infrastructure sectors and private sector partners is our best defence to protect our essential cyber systems,” stated Blaney.
“Cyber security is a shared responsibility, so I am pleased about this important step forward to enhance our collaboration with the Federal Government on this important issue. These advancements to the Strategy will ensure our essential systems have the latest threat information, as well as help us to continue to build on each other’s strengths,” commented John Manley, co-chair of the CEO Advisory Committee on Cyber Security and president and CEO of the Canadian Council of Chief Executives.
Erin is the managing editor of Advisen’s Front Page News. She has been covering property-casualty insurance since 2000. Previously, Erin served as editor-in-chief of The Standard, New England’s Insurance Weekly. Erin is based in Boston, Mass. Contact Erin at [email protected].
