An annual report issued by the Traverse City-based Ponemon Institute LLC pegged the cost of cybercrime in the U.S. at $17.36 billion in the 2016 fiscal year, up from $15.42 billion in the previous period and $12.69 billion in 2014.
The loss of information accounted for 35 percent of the cost in 2016; business disruption was 39 percent of the cost.
Citing increasing public awareness resulting from high-profile incidents, Grand Valley State University plans to place greater emphasis on cybersecurity training. Beginning this fall, graduate students at GVSU’s Padnos College of Engineering and Computing can concentrate on cybersecurity with their master’s degree in computing and information systems. New courses for undergraduate and graduate students at the Padnos College will cover issues such as software engineering, privacy, systems security, and digital forensics and investigations. “Locally and nationally, there is a tremendous need for cybersecurity professionals,” said Paul Plotkowski, dean of the Padnos College. “Our industry partners tell us these professionals need to be strong both theoretically and practically, and it is our hope that the graduates from this program will make an immediate impact on the operations of their future employers.