NYC Invests $30 Million in Cybersecurity

The New York City Economic Development Corporation is launching Cyber NYC.

  • By Sydny Shepard
  • Oct 08, 2018

New York City is looking to be the leader in cybersecurity innovation. The city has invested $30 million into Cyber NYC, an initiative focused on five key technology programs, the New York City Economic Development Corporation announced on Tuesday. Cyber NYC will "create new talent pipelines and spark research and commercialization of security technologies, according to a press release.

NYC is home to most of the targeted industries — healthcare, retail, finance, tech, media — there is both a want and a need for cybersecurity to flourish in the city, said the release.

"New York City needs to be ambitious about cybersecurity because the future depends on it," said NYEDC president and CEO James Patchett in the release. "Cyber NYC will fuel the next generation of cybersecurity innovation and talent, leveraging one of the world's greatest threats to create a major economic anchor and up to 10,000 quality middle-class jobs."

The five programs NYCEDC is investing in are:

Global Cyber Center. In partnership with SOSA, NYC will launch a 15,000 square foot co-working space in Chelsea. The facility will foster international collaboration and innovation, and will host industry-specific events, as well as virtual testing areas to run simulations, said the release.

Hub.NYC. NYCEDC and Jerusalem Venture partners will develop New York's first international cybersecurity investment hub, said the release. A 50,000 square foot building in SoHo, Hub.NYC will breed and develop major cybersecurity organizations, added the release.

Applied Learning Initiative. In an effort to create the next generation of cybersecurity experts, NYCEDC picked CUNY, NYU, Columbia, Cornell Tech, and iQ4 to host new cybersecurity certifications and programs for college students, said the release.

CUNY and Facebook Master's Degree. Additionally, within the Applied Learning Initiative, a one-year CUNY Master's program will be hosted on edX.org, a global learning platform online. CUNY is collaborating with Facebook on the program, said the release.

Cyber Boot Camp Partnering with Fullstack Academy and LaGuardia Community College, NYCEDC will conduct a boot camp for industry-specific cybersecurity practices. Students will learn basic industry terms and software at the college, and then attend the boot camp, which will place more than 1,000 students in jobs over three years in the program, said the release.

About the Author

Sydny Shepard is the Executive Editor of Campus Security & Life Safety.

Featured

  • The Evolution of IP Camera Intelligence

    As the 30th anniversary of the IP camera approaches in 2026, it is worth reflecting on how far we have come. The first network camera, launched in 1996, delivered one frame every 17 seconds—not impressive by today’s standards, but groundbreaking at the time. It did something that no analog system could: transmit video over a standard IP network. Read Now

  • From Surveillance to Intelligence

    Years ago, it would have been significantly more expensive to run an analytic like that — requiring a custom-built solution with burdensome infrastructure demands — but modern edge devices have made it accessible to everyone. It also saves time, which is a critical factor if a missing child is involved. Video compression technology has played a critical role as well. Over the years, significant advancements have been made in video coding standards — including H.263, MPEG formats, and H.264—alongside compression optimization technologies developed by IP video manufacturers to improve efficiency without sacrificing quality. The open-source AV1 codec developed by the Alliance for Open Media—a consortium including Google, Netflix, Microsoft, Amazon and others — is already the preferred decoder for cloud-based applications, and is quickly becoming the standard for video compression of all types. Read Now

  • Cost: Reactive vs. Proactive Security

    Security breaches often happen despite the availability of tools to prevent them. To combat this problem, the industry is shifting from reactive correction to proactive protection. This article will examine why so many security leaders have realized they must “lead before the breach” – not after. Read Now

  • Achieving Clear Audio

    In today’s ever-changing world of security and risk management, effective communication via an intercom and door entry communication system is a critical communication tool to keep a facility’s staff, visitors and vendors safe. Read Now

  • Beyond Apps: Access Control for Today’s Residents

    The modern resident lives in an app-saturated world. From banking to grocery delivery, fitness tracking to ridesharing, nearly every service demands another download. But when it comes to accessing the place you live, most people do not want to clutter their phone with yet another app, especially if its only purpose is to open a door. Read Now

Most   Popular

New Products

  • 4K Video Decoder

    3xLOGIC’s VH-DECODER-4K is perfect for use in organizations of all sizes in diverse vertical sectors such as retail, leisure and hospitality, education and commercial premises.

  • QCS7230 System-on-Chip (SoC)

    QCS7230 System-on-Chip (SoC)

    The latest Qualcomm® Vision Intelligence Platform offers next-generation smart camera IoT solutions to improve safety and security across enterprises, cities and spaces. The Vision Intelligence Platform was expanded in March 2022 with the introduction of the QCS7230 System-on-Chip (SoC), which delivers superior artificial intelligence (AI) inferencing at the edge.

  • Mobile Safe Shield

    Mobile Safe Shield

    SafeWood Designs, Inc., a manufacturer of patented bullet resistant products, is excited to announce the launch of the Mobile Safe Shield. The Mobile Safe Shield is a moveable bullet resistant shield that provides protection in the event of an assailant and supplies cover in the event of an active shooter. With a heavy-duty steel frame, quality castor wheels, and bullet resistant core, the Mobile Safe Shield is a perfect addition to any guard station, security desks, courthouses, police stations, schools, office spaces and more. The Mobile Safe Shield is incredibly customizable. Bullet resistant materials are available in UL 752 Levels 1 through 8 and include glass, white board, tack board, veneer, and plastic laminate. Flexibility in bullet resistant materials allows for the Mobile Safe Shield to blend more with current interior décor for a seamless design aesthetic. Optional custom paint colors are also available for the steel frame.