Cyber Crime Growth from 2005 – 2015
It’s no surprise to hear that the cyber security industry has grown by leaps and bounds over the last decade. Increased focus on protecting sensitive data continues to be a priority for corporations, while cyber crime has grown in great numbers.
The infographic below highlights the growth of cyber crime from 2005 to 2015. In 2005, only 4 data breaches were recorded. In 2015, that number grew to 26. In 2005, 44.2 million consumers were compromised by data hacks, and by 2015 it was 190 million consumers compromised.
Identity theft was reported 8.3 million times in 2005, compared to 17.6 million in 2014. In 2005, less than $1 million was paid to unlock computers from ransomware. By 2015, that number grew to $24 million.
Finally, the cost of cyber crime to the average U.S. business was just $24 thousand in 2005. In 2015, it was reported at $1.5 million and growing.
So what can businesses do to combat this growing number of cyber threats? Having cyber security professionals that can create strategies to protect important information is a priority. As hiring needs increase, so will the need for highly trained cyber security professionals.
George Mason’s MS in Management of Secure Information Systems is a cyber security masters degree providing a path to enhance professionals in the cyber security field and put them at the forefront of addressing cyber security challenges. This cyber security 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. This cross-disciplinary program draws on the expertise of faculty members within the School of Business, Schar School of Policy and Government, and Volgenau School of Engineering.
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