Ron Sharon

Cybersecurity and Technology Leader

Feds Boost Funding For Cybersecurity, Offer New Resources For SMEs – Technology

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Feds Boost Funding For Cybersecurity, Offer New Resources For SMEs

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The latest federal budget promises just over $1 billion in
funding to shore up Canada’s cybersecurity, and a government
agency has published new resources to help small and medium-sized
organizations prevent cyberattacks.

On April 7, the Government of Canada tabled its latest budget, which
pledged $875.2 million over five years, and $238.2 million ongoing,
to address “the rapidly evolving cyber threat landscape.”
The funding announcement came amid growing concerns about Russian state-sponsored cyberattacks.

The following week, the Canadian Centre for Cyber Security (the
Cyber Centre) released updated resources to help organizations plan
for and respond to cyberattacks.

Funding to Support the Communications Security

Much of the new funding announced in the federal budget will go
toward the Communications Security Establishment (CSE), a
government agency that aims to protect Canadians from cyberthreats,
including attacks carried out by foreign actors.

The government committed $263.9 million over five years, and
$96.5 million ongoing, to bolster the CSE’s abilities to launch
cyber operations and defend against cyberattacks. The feds also
committed $180.3 million over five years, and $40.6 million
ongoing, to enhance the CSE’s ability to respond to
cyberattacks on Canada’s critical infrastructure.

Another funding announcement included $252.3 million over five
years, and $61.7 million ongoing, for the CSE to make critical
government systems more resilient to cyberattacks.

The government is also investing in cyber research, promising
$17.7 million over five years, and $5.5 million thereafter until
2031-32, for the CSE to fund academic research. Researchers who are
awarded grants will split their time between peer-reviewed
publishable research and classified research into technologies
relevant to the CSE’s activities, according to the budget

The feds pledged an additional $178.7 million over five years,
and $39.5 million ongoing, to enhance the cybersecurity of small
departments, agencies and Crown corporations.

New Resources for SMEs

On April 11, the Cyber Centre, a federal government agency,
updated its cybersecurity resources for small
and medium-sized organizations

The resources include various publications from the Cyber Centre
and the Government of Canada aimed at educating organizations about
cyber risks, as well as tips for preventing, detecting and
responding to a variety of cyber incidents.

Notable tools include a Learning Hub for SMEs, a
cybersecurity Certification Program, a Repository of Scams and Fraud
and Incident Response Plan
, among others.

Learn More About Cyber Risks at Our ID&T Expo

To learn more about preventing cyberattacks and other
tech-related topics, join us at our inaugural Innovation, Data & Technology
, taking place at the Fort Garry Hotel & Conference
Centre in Winnipeg from May 25 – May 26.

The two-day event, presented in partnership with Tech Winnipeg,
will feature seminars, interactive workshops and networking
opportunities with the lawyers from our ID&T group. We’ll
offer practical tips on how to proactively manage the ID&T
risks your organization faces and give you the chance to meet with
industry peers. We hope to see you there!

The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.

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