$40k a day: McKinsey’s cyber strategy bill doubles to $2.4 million


Joseph Brookes
Senior Reporter

The Department of Home Affairs has paid consulting giant McKinsey more than twice what it originally planned for work on the upcoming national cyber strategy, topping up its contract by $1.3 million last month to help meet “urgent timelines”.

CyberCX and legal firm Clyde and Co have also been brought in to assist the department on much smaller deals that reveal likely directions for the strategy, including to global threat sharing and baseline security obligations.

McKinsey’s original $950,000 contract was for less than two month’s work to support the development of the 2023-2030 Australian Cyber Security Strategy, which the Albanese government announced late last year along with a goal of becoming “the world’s most cyber-secure country by 2030”.

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