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The recent update to South Australia’s Cyber Industry Capability Matrix underscores the burgeoning strength of the state’s cyber security landscape and its notable contributions at both national and global levels. With the exponential rise in data harvesting, storage, and utilisation across industries, cyber security has become a cornerstone for sustainable growth and innovation.
Within South Australia’s cyber ecosystem, cutting-edge startups, esteemed research institutions, and established companies work together to address the perpetual challenges of cyber threats collectively. Notably, the state is home to 56 cyber security entities, marking a substantial 40% increase from 2023 when the initial matrix was introduced.
These entities encompass a spectrum of businesses, ranging from those primarily dedicated to cyber security products and/or services to those integrating cyber security offerings as supplementary facets of their core operations. Among them, 75% serve as primary providers, with cyber security constituting over 75% of their overall business scope, while 15% operate as secondary providers, accounting for 50-74% of their business offerings in the cyber security domain.
Further insights from the matrix indicate that a significant majority (79%) of these cyber businesses are headquartered in South Australia, with an overwhelming 93% being wholly Australian-owned. Notably, three businesses are First Nations-owned, highlighting diversity within the sector.
The matrix also sheds light on the predominant capabilities of South Australia’s cyber companies, with the ‘Govern and Identify’ domain taking precedence. Key capabilities within this domain include Professional Services, Risk and Compliance, and Education and Training, collectively representing essential pillars of cyber security infrastructure.
While South Australia demonstrates robust capabilities in certain domains, such as ‘Govern and Identify’, its strengths in ‘Protect’, ‘Detect and Respond’, and ‘Research’ domains are more moderate. Specifically, Research comprises only 32% of capabilities, with 56% in Detect and Respond, and 57% in the Protect domain, indicating areas for potential growth and development in the cyber security landscape.
The South Australian Cyber Industry Capability Matrix notes that in alignment with the growing significance of cyber security in safeguarding digital infrastructure and personal/business data, South Australia is dedicated to advancing cyber capability development, innovation, and commercialisation.
Through collaborative efforts with government bodies, industry partners, and research institutions, the state aims to bolster its position as a pivotal player in the thriving cybersecurity sector. Recognising cyber security as a high-value economic domain, both within South Australia and nationwide, efforts are underway to prioritise its growth and sustainability.
To support the effective implementation of cyber security practices within the state, the Cyber Capability Matrix has been curated. This matrix highlights leading organisations in South Australia and delineates their specialised areas within cyber security, including Governance and Identification, Detection and Response, Protection, and Cyber Research.
This comprehensive initiative is part of a broader strategy aimed at fostering a resilient and secure cyber landscape, building upon the foundational strengths and collaborative spirit present within South Australia’s burgeoning cyber ecosystem.
