Virginia Cyber Initiative Act; established.

Virginia Cyber Initiative Act. Directsthe Virginia Information Technologies Agency to work with publicand private institutions of higher education, state agencies, andbusinesses in the Commonwealth to develop a cyber alliance, to beknown as the Virginia Cyber Initiative, to reduce cyber risks andencourage economic development in the cybersecurity field. The billalso creates the Virginia Cyber Initiative Fund for the purposesof improving cybersecurity and the economy of the Commonwealth through(i) improving cyber infrastructure, (ii) increasing the focus oncyber job-creating research activities, and (iii) expanding cyberjob-creating research activities toward producing more knowledge-basedand high-technology cyber jobs in the Commonwealth.