University Labs Put Cybersecurity Under the Microscope
Three professors who are experts in cybersecurity discuss what’s going on in the research field and where it’s headed.
2016 was a banner year for cybersecurity events: the hacking of the presidential election by Russia; the theft of NSA cybertools; the revelation of Yahoo’s data breach with 1 billion accounts exposed between 2012 and 2014. This year is proving to be just as active, and that means cybercrime is becoming increasingly costly for industry and government.
The financial loss from cybercrime in the U.S. exceeded $1.3 billion in 2016, a rise of 24 percent, according to a report issued by the FBI’s Internet Crime Complaint Center. Worldwide spending on security-related hardware, software and services reached $73.7 billion, according to IDC, an IT research firm. That number is expected to hit $90 billion in 2018.