Australian federal government funds security guide

CARLTON, Australia— The Australian federal government has provided funding for the development of a guide to security risk management.

The government has given $120,000 Australian ($94,545) for the development of the Security Risk Management Body of Knowledge, which is a Risk Management Institution of Australasia Ltd. guide to security risk management.

RMIA president, Grant Whitehorn, said the idea behind the scheme was to help businesses protect their assets and understand security risks. It will cover what is needed to create a secure environment; how to determine and rank security risks; what is required for and how to implement an SRM framework; what stakeholders expect; and what is considered industry best practice.

"RMIA has committed to get industry funds to match the government contribution by partnering with stakeholders in the risk management and security industries who will benefit most from a comprehensive, best practice guide to the SRM," Mr. Whitehorn said.