In addition to the investments that we, as government, are making in cybersecurity, it's going to require not only the right resources, but the right legislation as well. As we know, there is a greater concern around cybersecurity. We just heard yesterday in the news about the potential hack on two of our banks. I can assure Canadians, and also Parliament, that we have very bright Canadians working in CSE who are doing tremendous work.
We have tremendous capabilities, but our legislation has not kept up with this. Bill C-59 will give the authority to our agencies so we can actually utilize these capabilities. Part of that is working with industry to assist industry and work in far greater collaboration to support their effort. The cyber centre will be able to do just that. We have spoken to our allies about this, and looked at what actually works and what does not work.
More importantly, we also have to look at the evolving changes. We're going to make sure we have the right money and the research so we stay at the cutting edge. I'm confident that with the brilliant minds we have at the CSE and some of our other agencies, we will be able to remain there.