Australian Government likely to invest in situational awareness security: Trend Micro

Security vendor foresees the $1.46 billion investment by the Government used for visibility monitoring

The pledge of $1.46 billion by the Australian Government into cyber security will potentially be used for situational awareness.

That is according to Trend Micro A/NZ managing director, Sanjay Mehta, who draws parallels to the US$6 billion the US Government set aside for its own initiative.

“The US calls it continuous monitoring and the amount is solely for that,” he said.

Situational awareness is fundamentally about visibility and what is going on with a network on an ongoing basis, combining both technology and “people who understand it,” according to him.

For that reason, Mehta expects the Australian Government’s approach is not going to be too different from any other major Government’s.

“They are all worried about targeted attacks, the ones that are unknown and unseen in nature,” he said.

Unlike the old style of attack which would appear and cause havoc, the new approach is to covertly plant the malware in systems which may then lay dormant for months.

As a result, the presence of the malware may not be immediately clear until it wakes up to carry out the attack.

Mehta characterises it as a “very slow and calculated” attack, but when it affects the system, it is usually in a “bad way.”

“Getting the insight into what is going on in the environment and picking up on that early before it really bites is a huge focus, and it will be a big focal point for cyber efforts here,” he said.

One of many

The $1.46 billion amount is quite specific, and Mehta admits to being curious in how the Australian Government came up with the number.

“Whether it is one or six billion, they are huge sums of money and it is a good start,” he said.

“It is certainly a lot better than zero.”

While Mehta is unable to speculate on how the money will be split up, he expects “lots of integrators” will be involved and there will be “tons of technologies” along the way, not to mention bureaucracy.

“Where that money goes is fairly masked to everybody,” he said.

“As for how much is actually targeted at the problem itself, it is tough to say.”

One thing Mehta is willing to bet on is that the investment by the Government, while sizable, will not be the last one it makes into cyber security.

“I’ve worked in the industry for 15 years, and every time someone announces a ‘be all end all’ solution, the bad guys turn around and adjust the attack vector by a few degrees, and off goes the chase again,” he said.

Mehta reiterates that there is “no silver bullet” to the security problem, and since the threat environment changes so quickly, the $1.46 billion may not be enough.

“They have list of things to achieve with that $1 billion dollars, and those priorities will change as we move forward and the threat profile changes,” he said.

“It will be reprioritised as the years go by and threats change, but it’s a good start.”

Patrick Budmar covers consumer and enterprise technology breaking news for IDG Communications. Follow Patrick on Twitter at @patrick_budmar.

Join the CSO newsletter!

Error: Please check your email address.

Tags trend microsecuritygovernment

More about IDGIDG CommunicationsIDG CommunicationsIDG CommunicationsTrend Micro Australia

Show Comments

Featured Whitepapers

Editor's Recommendations

Solution Centres

Stories by Patrick Budmar

Latest Videos

  • 150x50

    CSO Webinar: Will your data protection strategy be enough when disaster strikes?

    Speakers: - Paul O’Connor, Engagement leader - Performance Audit Group, Victorian Auditor-General’s Office (VAGO) - Nigel Phair, Managing Director, Centre for Internet Safety - Joshua Stenhouse, Technical Evangelist, Zerto - Anthony Caruana, CSO MC & Moderator

    Play Video

  • 150x50

    CSO Webinar: The Human Factor - Your people are your biggest security weakness

    ​Speakers: David Lacey, Researcher and former CISO Royal Mail David Turner - Global Risk Management Expert Mark Guntrip - Group Manager, Email Protection, Proofpoint

    Play Video

  • 150x50

    CSO Webinar: Current ransomware defences are failing – but machine learning can drive a more proactive solution

    Speakers • Ty Miller, Director, Threat Intelligence • Mark Gregory, Leader, Network Engineering Research Group, RMIT • Jeff Lanza, Retired FBI Agent (USA) • Andy Solterbeck, VP Asia Pacific, Cylance • David Braue, CSO MC/Moderator What to expect: ​Hear from industry experts on the local and global ransomware threat landscape. Explore a new approach to dealing with ransomware using machine-learning techniques and by thinking about the problem in a fundamentally different way. Apply techniques for gathering insight into ransomware behaviour and find out what elements must go into a truly effective ransomware defence. Get a first-hand look at how ransomware actually works in practice, and how machine-learning techniques can pick up on its activities long before your employees do.

    Play Video

  • 150x50

    CSO Webinar: Get real about metadata to avoid a false sense of security

    Speakers: • Anthony Caruana – CSO MC and moderator • Ian Farquhar, Worldwide Virtual Security Team Lead, Gigamon • John Lindsay, Former CTO, iiNet • Skeeve Stevens, Futurist, Future Sumo • David Vaile - Vice chair of APF, Co-Convenor of the Cyberspace Law And Policy Community, UNSW Law Faculty This webinar covers: - A 101 on metadata - what it is and how to use it - Insight into a typical attack, what happens and what we would find when looking into the metadata - How to collect metadata, use this to detect attacks and get greater insight into how you can use this to protect your organisation - Learn how much raw data and metadata to retain and how long for - Get a reality check on how you're using your metadata and if this is enough to secure your organisation

    Play Video

  • 150x50

    CSO Webinar: How banking trojans work and how you can stop them

    CSO Webinar: How banking trojans work and how you can stop them Featuring: • John Baird, Director of Global Technology Production, Deutsche Bank • Samantha Macleod, GM Cyber Security, ME Bank • Sherrod DeGrippo, Director of Emerging Threats, Proofpoint (USA)

    Play Video

More videos

Blog Posts

Market Place