Cyber Threats Create Business Opportunities

University of Jyväskylä

Cyber attacks represent a real risk to the functioning of the information society. One of Finland’s most important clusters for education and research in information security is being built in the Jyväskylä Region.

Attacks targeting information networks have become an everyday occurrence. Finland takes cyber threats seriously, because a successful attack could cripple the whole of society. The Finnish Government has introduced a programme that aims to make Finland a global pioneer in cyber threat preparedness by 2016.
“Cyber attacks can impede and interfere with ser-vices in IT-based societies, produce data leaks, and cause damage. In particular, research based education in information security should be increased,” says Mikko Siponen, Professor of Information Systems at the University of Jyväskylä.

During the last few years universities have sought to bring new skills into the field by increasing research and education in cyber security.There are many types of cyber threat. Cyber criminals and cyber terrorists, for example, have different objectives.
“The scale extends all the way from nerdy hackers to state cyber warfare,” Siponen explains.
Even though a cyber attack is a nightmare scenario, cyber threats can provide new opportunities for business. It has been calculated that the worldwide market for protection against cyber attacks will have reached 80 billion dollars by 2017.

Two projects currently running at the University of Jyväskylä – Cyberwar and Truly Project – aim at commercialising the outcomes of research studies. The Cyberwar project seeks to develop a method of protecting information systems by studying abnormal models of behaviour among masses of data, and then performing an analysis and determining the seriousness of the observed behaviours for information security. Truly Project aims to develop methods to protect digital media such as video games, movies and music.

Cassidian Finland Oy, which is involved in the project, is the world’s leading player in the field of security and defence systems. According to Vesa Arkko, Senior Manager at Cassidian Finland, JYVSECTEC supports the further development of the company’s cyber security expertise and business activities. The project has attracted interest not only in Finland, but also within Cassidian’s international network of contacts.
“The field of cyber security is a growing area of business. Cyber security affects all companies and organisations, because the pursuit of economic advantage and ideological conflicts lead to increased cyber attacks. We believe that Finnish cyber security expertise will become a significant export product,” Arkko says.
Jykes: http://bit.ly/1gwXeyR