As the business landscape continues to digitalize, the possibilities for cybercrime and hacking have increased exponentially. Data breaches and hacks can cause irreparable damage to companies - both big and small. How do businesses protect their information while attacks are happening every single day? The answer is Cybersecurity Management.
What is cybersecurity?
Cybersecurity is the protection of networks, data, programs and devices from unauthorized access and cyberattacks. Cybersecurity Management professionals aim to preserve the integrity and confidentiality of a users’ information through a constantly evolving set of techniques, training, best practices and technological skill.
Why is cybersecurity important?
If you are currently operating a device - such as a phone, tablet or computer - you are vulnerable to hackers and cybercriminals. Devices carry your personal information, email addresses, home addresses, contact information, social media accounts and a wide variety of other personal assets. If you haven’t taken precautions to protect your data, you are already susceptible to an attack.
Data breaches are happening to some of the largest brands and organizations in the world. 62% of business experience social engineering or phishing attacks, 64% of businesses experience web attacks and 43% of small businesses experience cyber attacks.
In today’s digital era, everyone is affected by cybercrime.
What can cybersecurity prevent?
The most common types of cyberthreats include:
- Social engineering
Cybersecurity professionals use tactics and tools to protect against both common and uncommon threats and mitigate the chance of an attack. They prevent data breaches and attacks while constantly adapting to new threats and cybercrime trends.
What are the challenges of cybersecurity?
Cybersecurity is continually challenged by hackers, data loss, privacy, risk management and changing cybersecurity strategies. Nothing currently indicates that cyberattacks will decrease. Moreover, with an increased number of entry points for attacks, more strategies for securing digital assets are needed to protect networks and devices.
One of the most problematic elements of cybersecurity is the continually evolving nature of security risks. As new technologies emerge and existing technology is used in new or different ways, new avenues of attack are developed as well. Keeping up with these continual changes and advances in attacks and updating practices to protect against them can be challenging to organizations. This also includes ensuring that all the elements of cybersecurity are continually changed and updated to protect against potential vulnerabilities. This can be especially challenging for smaller organizations.
What careers are available in cybersecurity?
There are many opportunities for workers to start and advance their careers within cybersecurity.
View more career opportunities in Cybersecurity Management on our Careers in Cybersecurity page.
What education is available in cybersecurity?
The UCCS College of Business has two business degrees with an emphasis in cybersecurity management:
- Bachelor's of Science in Business
- Masters of Business Administration
We also create custom executive education opportunities for businesses, taught by our expert College of Business faculty.
For more information on these programs, please visit our Cybersecurity Degrees page.
Frequency of Hacker Attacks
Business Falls Victim to Ransomware
Global Cybercrime by the Numbers
Cost of cybercrime globally (in 2018)
Cost of cybercrime globally (in 2021)
Ransomware payments (in 2018)
Cost to acquire social security information, date of birth or residential address
Cybercrime money in banks
Cybercrime money in real estate
Laundered cybercrime money in circulation
Ransomware profits cashed via bitcoin
Annual profits for large cybercrime operations
Annual earnings of cybercriminal trafficking in stolen data
Earnings per hacking job
Earnings of cybercrime specific platform managers
Global Cybersecurity Spending
Global Spending on Security Awareness Training
Average Cybersecurity Spending/Employee
Unfilled cybersecurity jobs globally (by 2021)
Cybersecurity unemployment rate
Unfilled cybersecurity jobs in US (2019)
Cybersecurity job growth rate (through 2022)
Cybersecurity workforce shortage across all organizations (2018)
Growth in demand as compared to other non-IT jobs