Virginia Economic Review: Third Quarter 2021

Page 32

Virginia universities’ transdisciplinary research is driving digital security advancements

The world’s increasing connectivity offers more opportunity for cybercriminals. The FBI’s 2020 Internet Crime Report cited a 69% increase in complaints of suspected cybercrimes. Globally, the cost of cybercrime exceeded $1 trillion last year, according to research from McAfee Corp. Mirroring this growth in connectivity and cyber risk is a swell in research from Virginia universities exploring innovative approaches to cybersecurity. Researchers are exploring the gaps left in the fast pace of technology development. An added bonus of this university-driven research: the development of a savvy workforce ready to fill the nation’s projected 3.5 million cybersecurity job openings. 30


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