Establishes the New Jersey Cybersecurity Grant Program to support financial and healthcare businesses in mitigating cybersecurity risks.
This bill establishes the "New Jersey Cybersecurity Grant Program" within the Office of Homeland Security and Preparedness, allocating $5 million from the General Fund. The program will award grants to sensitive businesses, defined as those in the financial or healthcare industries operating in New Jersey, to help cover the costs of acquiring target hardening equipment. These are resources used to strengthen cybersecurity and reduce the risk of incidents. Each sensitive business can receive a maximum of $100,000 per fiscal year.
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