This report highlights the growing prominence of cybersecurity trends within the public sector, specifically regarding Application and Network Security, for the financial year 2023. With the escalating risks in government functions, public services, and vital infrastructure, these trends are of utmost importance. As cyber threats against public sector entities evolve in sophistication, it is paramount for governmental departments and bodies to carry out comprehensive risk evaluations, devise sturdy defence strategies, and contemplate collaborations with skilled service providers to guarantee an elevated standard of cybersecurity

Highlights

• $34.1M application security awarded in FY23
• 31% of spend on application security spend is by Department of Defence Transport NSW – Corporate have seen a YoY 100% growth in application
  security
• FY23 network security spends stands currently at $56.7M
• Australian Signals Directorate has award $25M in network security contracts
• $113.4M network security contract are expiring in the next 12 months

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