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The federal government and Mastercard are working together to develop technologies and standards aimed at ensuring safe and secure use of any device connected to the internet.

The minister of innovation, science and industry, Navdeep Bains and Ajay Banga, CEO of Mastercard say the strategies will be developed at a new centre to be built in Vancouver.

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The Intelligence and Cyber Centre is to be paid for with $510 million from Mastercard and $49 million from the federal government.

The centre’s goal is to ensure any internet-enabled device, ranging from phones and tablets to computers and vehicles, can be used without fear that personal or financial information could be stolen.

In addition to providing leadership in cybersecurity, the new centre will also support 380 jobs and enable creation of 100 new co-op positions.

By 2025, experts estimate there will be 75 billion connected devices around the world and Bains says users want their data and privacy protected.