Cybercrime is a key risk to businesses in all industries and of all sizes. With cybercrime increasing tremendously in the recent past, businesses are more susceptible than before to cybercrimes. Reputational and financial ramifications. This even increases the need for organizations and businesses to prioritize cybersecurity. The worldwide cybercrime cost continues to increase tremendously. Cybercrime has more ramifications other those that are financial in nature. Other nonfinancial repercussions of cybercrime include lost productivity, reputational harm, data loss, intellectual property theft, and personal or financial information theft. Cybersecurity entails a national policy issue considering that cybercrime could hinder safety, public health, economic, in addition to national security activities.
Saudi Arabia has remained a key target of cybercrime. The Saudi government will benefit from the program, considering its government has established a new authority pertaining to cybersecurity. This move aims to enhance state security, safeguard its key interests, sensitive infrastructure, and national security. Besides, the authority will improve the security of IT systems, networks, software and hardware components, operating systems, in addition to data as well as services, because of the progressively key importance of cybersecurity in the lives pertaining to communities.
The rising cyber-security risk has caused the Kingdom to focus more on its state cybersecurity strategy, considering that the nation is aiming at attaining its plan for vision 2030, which is purposed for diversifying the nation's security. Technology will be a key driver for the vision, and increased digitization of the state data will enhance the nation's vulnerability to cybercriminals.
The Master of Cyber Security Program in AlMaarefa University will focus more on appealing, qualifying as well as enabling competent state cadres, creating partnerships with private and public organizations and inspiring innovation as well as investment in cybersecurity aimed at contributing to accomplishing a technological rebirth crucial in serving the national economy's future. The growing cyber-security risk has coerced the Kingdom into focusing more on its state cybersecurity strategy as it is embarking on actualizing the nation's Vision 2030 plan, aimed at diversifying its national economy. Technology will serve a key role in the vision's facilitation, and the digitization of nearly all government information will unavoidably make it more susceptible to cybercriminals.
