By Jim Damicis, Senior Vice President, Camoin Associates
What is Cybersecurity?
Hardly a day goes by with without news regarding cybersecurity threats. Whether it is about elections, eCommerce, business, or social media threats – digital systems are growing and creating both challenges and opportunities for business development. There are many definitions of cybersecurity. One I like to use is from computer systems leader, Cisco: “Cybersecurity is the convergence of people, processes and technology that come together to protect organizations, individuals or networks from digital attacks.1” I like this definition because like it goes beyond technology to include people and processes. This aligns well with how I view economic development as operating within a dynamic system of people, organizations and networks.
Why is Cybersecurity Such a Big Deal?
So why such a big deal about cybersecurity? The answer: it is increasingly impacting our ability to conduct business from communications and networking, to markets, trade, logistics, and transactions. Additionally, our response to such threats to develop systems, services, and products that detect, correct, and protect is creating economic and business development opportunities.