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Why is Cybersecurity Innovation Important?

Today’s continuing increase in the use of digital technology has made cybersecurity innovation one of the most important aspects of all businesses, and it is continuing to grow. According to a PricewaterhouseCoopers survey, in 2014 69% of executives were concerned about cyber threats, and in 2015, that number jumped to 86%.

Cybersecurity is at the front of business executives’ minds. Combating the many threats that exist and the ones that are still to be discovered is a challenging position.

According to the infographic below, it is estimated that $655 billion will be spent on cybersecurity innovation between 2015 and 2020. Below is a list of the top 5 attacks that companies believe will be the biggest threat in the next 3 years, and a list of the top 5 areas of protection that companies are increasing their spending on.

Top 5 Types of Attacks
(that companies believe will be biggest threat in next 3 years)

  • Zero-Day Attacks
  • Cloud-Data Leakage
  • Mobile Malware
  • Targeted Attacks
  • SQL Injections

Top 5 Areas of Protection
(that companies are increasing spending on)

  • Network Defenses
  • Endpoint and Mobile Device Protections
  • Data in Motion Defenses
  • Data at Rest Defenses
  • Analysis & Correlation Tools

At George Mason, we prepare cybersecurity innovators to operate within today’s global business environment. Our MS in Management of Secure Information Systems is a cybersecurity masters degree providing a path to enhance professionals in the cyber security field and put them at the forefront of addressing cybersecurity challenges.

This cybersecurity masters program provides students with the leadership and management expertise needed while addressing the specific technology and policy challenges of modern information systems and networks. It is a cross-disciplinary program drawing on the expertise of faculty members within the School of Business, School of Public Policy, and Volgenau School of Engineering.

cybersecurity innovation inforgraphic

Source: http://www.businessinsider.com/cybersecurity-report-threats-and-opportunities-2016-3

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Jackie Buchy

Since 2011, I have served as the assistant dean for graduate enrollment at George Mason University's School of Business. In my role, I work with prospective graduate students to identify and select the best graduate program to meet their career goals.

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