Crime fighting will soon not just be taught at police academies and federal facilities as it is about to expand to the online arena. Later this year, students at the University of South Wales’ Newport campus will be allowed to take a course specifically aimed at cybersecurity training.
Need for Cybersecurity Experts
As cyber activity increases on a worldwide scale, so do cyber attacks. In the Unites States alone, there are around 15 million victims of identity theft annually. Large corporations like Target and General Motors have been hacked, putting information and data of their millions of clients and customers in the hands of hackers. And the United States is not the only nation facing cyber hackers. In 2014, The Center for Strategic and International Studies partnered with McAfee to analyze the effect of cyber crime on the global economy. The report states, “We estimate that the likely annual cost to the global economy from cybercrime is more than $400 billion.” That’s more than the national income of most countries. They found that wealthier countries are bigger targets, as cyber hackers took the most from North America, Europe and Asia. However, one survey found that one third of companies in Brazil were victims of cybercrime, showing that cybercrime affects every nation in the world.
The report cautioned that “governments and companies underestimate how much risk they face from cybercrime and how quickly this risk can grow.” And as these risks grow, more countries are recognizing the need for increased cybersecurity.
Responding to Cybersecurity Demand
While more attention and focus is being put on the need for cybersecurity, the country of Wales is doing something about it. As cyber attacks increase in frequency and scale and as demand for cyber security grows, more and more cybersecurity experts are going to be needed. So starting in October, the Welsh government is funding a national cyber security academy, housed on the Newport campus of the University of South Wales. The academy will put together computer forensics and computer security undergraduates with businesses. By collaborating, they hope to identify emerging cyber challenges and issues. Eventually, the university hopes to turn the training into an actual cyber security degree.
McAfee’s study determined, “We do not see a credible scenario in which cybercrime losses diminish. The outlook for the world is increased losses and slower growth.” With such a gloomy prediction, there appears to be no limit to the need for cybersecurity experts in the future. The market for cybersecurity is exponentially increasing on a global level, and the only way to meet those demands is to increase the number of cybercrime experts. The country of Wales is making an important first step in doing just that.
Source: BBC News