Who We Are
Since 2018, Elizabeth Sloane Institute of Technology (ESIT) has empowered students to excel in cybersecurity and data privacy. Our online institution offers specialized training, equipping graduates with advanced skills to strategically manage risks. With our invaluable skill set, graduates gain access to abundant employment opportunities, transforming their world and lives.
At ESIT, we share a powerful vision: to create a better world through education, innovation, and research. Our online platform embodies the essence of universities - fostering community, providing access, and offering career growth opportunities with a stellar self-paced curriculum. We're driven by our passion to solve significant societal problems using technology. Through partnerships, we support students interested in both learning and research, welcoming talented individuals from all orientations.
As a proudly African institution, ESIT tackles the challenges of the digital revolution head-on. Our ESIT Labs network and graduates exhibit ingenuity, inventing fundamental technologies, launching impactful products, and creating opportunities worldwide. Our aim is to become a magnet for global talent. Through teaching, research, and innovation, our exceptional community develops and enhances the skills of STEM professionals through innovative curriculum and research. By advancing our students' world, we aspire to create a positive ripple effect that advances the world at large.
Economic Impact of Cybercrime
At $600 Billion
With No Slowing Down
February 21, 2018
The Center for Strategic and International Studies (CSIS), in partnership with McAfee, presents Economic Impact of Cybercrime – No Slowing Down, a global report that focuses on the significant impact that cybercrime has on economies worldwide. The report concludes that close to $600 billion, nearly one percent of global GDP, is lost to cybercrime each year, which is up from a 2014 study that put global losses at about $445 billion. The report attributes the growth over the prior three years to cybercriminals quickly adopting new technologies and the ease of cybercrime growing as actors leverage black markets and digital currencies.