Cyber security threats have never been more perilous. PwC reckons 90% of large organizations suffer a security breach — and the number of breaches doubled last year, costing firms up to £3 million each. Whether you can keep your business secure will determine whether you swim or sink.
Bertrand Monnet, chair for criminal risk management at EDHEC Business School, says: “The threat has to be addressed not just by technicians but by the head of the company. Because they are in charge of performance and cyber crime can totally destroy your company’s performance.”
Despite the magnitude of the problem, the field of cyber security management is nascent. Some 77% of organizations are unprepared for cyber security breaches, according to NTT Com Security’s Global Threat Intelligence Report.
And a recent Accenture study found that 31% of companies beleive a lack of training or budget is their single biggest inhibitor to combating attacks.
To equip corporations with the digital skills needed to fight the war on cyber crime, business schools are launching specialist courses, which cover everything from threat intelligence to terrorism and illicit networks.
“As it’s become a permanent part of the landscape for corporations, it’s becoming a permanent part of the landscape for business schools,” says Jean-Pierre Auffret, director of the MSc in Secure Information Systems at George Mason University’s School of Business.