What is Cybersecurity 1

What is Cybersecurity? An Overview Introduction

Klaus Schwab in his book The Fourth Industrial Revolution (2016) wrote “We are at the beginning of a revolution that is fundamentally changing the way we live, work and relate to each other. In its scale, scope and complexity it is unlike anything humanity has ever experienced before.

Today, five years later, Artificial Intelligence (AI), Robotics, the Internet of Things (IoT), Blockchain, 5G, 3D printing, nanotechnology, quantum computing, to name a few technologies, along with The great proliferation of data is becoming the engines of many businesses and digital transformation, as well as what has come to be called the new Data Economy.

The European Union estimates in the report The European Data Strategy (2020) that the value of the data economy in the 27 countries (EU27) that comprise it, will reach 829,000 million euros in 2025, an amount that represents 5.8 % of GDP in the area and some 11 million professionals will be needed, almost double the number currently in existence, with training in the world of data from both a scientific perspective, as well as engineering, product, marketing, security and, in In general, all areas of activity of companies.

This digital transformation encompasses not only new modes of interaction with customers and the digitization of operations, but also profound changes in processes, culture and, over time, the organization of companies. There is no doubt that digital transformation is a very strategic matter that is on the agenda of the management committees of companies to respond to the challenges and opportunities that arise from them. And there is also no doubt that it is on the agenda of governments and international organizations due to its fundamental and global nature that will affect all countries, economies, sectors and people, since it is a new process of Creative Destruction as described by Joseph Schumpeter in his book Capitalism, Socialism and Democracy (1942).

However, this transformation towards data-driven business and operational models is creating new cybersecurity risks. Organizations of all kinds – public administrations, large corporations and SMEs – suffer attacks against their data infrastructures and, especially, against the information they contain, which can seriously affect the functioning of society. According to Cybersecurity Ventures, the global economic impact of cybercrime is estimated at 6 trillion (1012) euros in 2021, which places it as the third largest economy in the world only behind the US and China, and will maintain a growth of 15% during the next 5 years.

Additionally, consumers and service users are increasingly concerned about the privacy of their personal data, which is why this issue has also become a priority for organizations as it is one of the most critical information they manage and poor protection. This type of data leads to loss of trust, reputation and competitiveness, as well as possible serious penalties for breaching the European Data Protection Regulation (RGPD).

Consequently, organizations must understand the impact of these attacks and the need to develop the figure of the CISO (Chief Information Security Officer) in charge of controlling the activities that generate and share critical information and establish the necessary control measures so that companies have reliable data availability. Thus, the CISO’s work should focus on aligning security initiatives with corporate programs and business objectives, while ensuring that companies’ information technology and assets are protected.

In this global and disruptive context of the Fourth Industrial Revolution and the Data Economy, the training of professionals and managers to make business decisions in data-driven, data-dominated environments, will be a critical element to maintain competitiveness. from many companies, and even countries. For this reason, at ESIC we have opted to update our offer of Technological Masters, Big Data & Analytics and Artificial Intelligence, and introduce a new one in Cybersecurity, in collaboration with PwC, to respond to the needs of people, companies and society in your set.

The mission of this Master in Cybersecurity (MCI) is to prepare professionals and managers who want to develop their professional careers to lead the Cybersecurity strategy of companies. Thus, it is intended that our students are able to design the strategy and its implementation, define and lead the department, and create a complete governance and comprehensive management of cybersecurity systems, all aligned with the strategy and business objectives, in the global framework of the data economy and new emerging technologies, and without forgetting the development of personal and managerial skills that are required to become the CISO of an organization.