Master of Science in Cyber Risk Management (Online)


Program Description

Master of Science in Cyber Risk Management (Online)

Minimizing cyber threats, maximizing security

The rapid growth of online environments and global networks of interconnected devices (Internet of Things) leaves governments, businesses, and organizations exposed to new types of cybersecurity risks. As costs of global cybercrimes continue to skyrocket, demand for professionals skilled at assessing and managing cyber risk is growing rapidly as well.

Mercyhurst’s online Cyber Risk Management integrates traditional elements of risk management with cutting-edge science in big data and cybersecurity, providing you with the skills to assess and mitigate cyber risks and protect intellectual property. Coursework highlights the technical, legal, and business aspects of cyber risk management, with special emphasis on monetizing cyber risk through insurance.

Our grads will be leaders in an emerging field, well-positioned for careers as cybersecurity managers with small and large enterprises, as well as in the insurance industry.

Fast Facts

  • A full-time student will complete this 36-credit program in two years.
  • Cyber Risk Management students will never take more than one class at a time, making this program ideal for working professionals.
  • Whereas most risk management programs focus on financial risk, this program addresses the insurance side as it relates to cyber risk and intellectual property on computer systems, which tend not to be insured or protected well.
  • Cyber Risk Management is a joint offering from Mercyhurst's Walker College of Business and Ridge College of Intelligence Studies and Applied Sciences.
  • The Capstone represents an opportunity for an integrative, intensive experience, during which students will synthesize and apply concepts from the program's coursework to an applied project.

The Ridge Advantage

Mercyhurst University pioneered the field of intelligence studies in the mid-1990s and is home to the largest and oldest academic intelligence enterprise in the United States. Founded in 1996, the Ridge College of Intelligence Studies and Applied Sciences has earned a reputation throughout the world for the quality and cutting-edge skills of its graduates. Mercyhurst intel alumni work in all 17 federal intelligence agencies and dozens of Fortune 500 companies, working to assist corporate and government leaders and decision-makers around the globe.

As new threats and technologies have emerged, Mercyhurst has invested heavily in both data science and cybersecurity, developing new online master’s programs in Cyber Risk Management and Cyber Security. Drawing on the diverse learning resources and experienced faculty of the Ridge College, these programs harness our national security bona fides to offer unparalleled instruction in some of today’s most dynamic fields.

“The construction of new cyber training facilities ensure Mercyhurst remains the vanguard of the field.”—Tom Ridge

Learning Outcomes

Students in this program will learn to:

  • Analyze various types of cyber threats to individuals and organizations and cyber networks.
  • Perform risk management review for organizations; apply appropriate data analytics in the process.
  • Distinguish among the varying risks that threaten an organization’s business model and strategic plan; and make recommendations on how to identify, assess, manage, and monitor those threats.
  • Analyze techniques for assessing, monetizing, and mitigating traditional and cyber risks through insurance.
  • Evaluate the U.S. and international legal, regulatory, policy and ethical issues involved in cyber risk management.

Online Access

The Cyber Risk Management master’s curriculum is offered exclusively online, making the program an ideal fit for working professionals. As online learning has become increasingly popular in higher education, it is essential for colleges and universities to maintain the same educational standards across on-campus and online course delivery. At Mercyhurst, the Office of Distance Learning ensures online course delivery is consistent and predictable for engaging, rewarding student experience.

Each online course is carefully mapped out to provide you with a guided learning experience. Courses progress sequentially, building on previous concepts to help you gain mastery of the course material. In addition to lectures and individual assignments, you’ll have the opportunity to interact with classmates and professors in real-time through group projects, review sessions, debates, and presentations.

As with any Mercyhurst education, students benefit from close personalized attention from faculty, with opportunities to connect via email, phone, Skype, or office hours.

Degree Completion Plan

Year 1

Fall Semester

  • Mini 1: CIS 500 Computing & Information Science Concepts
  • Mini 2: CIS 501 Probability and Statistics

Spring Semester

  • Mini 1: RMGT 520 Cyber Risk Management
  • Mini 2: RMGT 530 Advanced Property & Liability Insurance

Summer Semester

  • Mini 1: CIS 560 Cyber Networks
  • Mini 2: CIS 561 Cyber Security

​​​​​Year 2

Fall Semester

  • Mini 1: RMGT 540 Advanced Finance & Accounting for Insurance Professionals
  • Mini 2: RMGT 550 Enterprise Risk Management

Spring Semester

  • Mini 1: CIS 564: Cyber Law & Policy
  • Mini 2: CIS 565: System & Application Security

Summer Semester

  • Mini 1: CIS 598 Research Methods
  • Mini 2: CIS 599 Research Project


Successful completion of the Cyber Risk Management coursework will earn students two-course waivers toward the prestigious Chartered Property Casualty Underwriter (CPCU) designation from The Institutes.

Career Opportunities

Few professionals today have the in-demand skills to assess and monetize cyber risk.

Our grads will be well-positioned for the careers of the 21st century. As cyber coverage becomes more popular in the insurance marketplace, insurers and businesses are discovering a shortage of professionals with the cybersecurity and risk management skills needed to excel in this emerging field. In fact, banking/finance/insurance represents the largest industry employing cyber professionals. A 2016 skills gap analysis from ISACA estimated a global shortage of 2 million cybersecurity professionals by 2019.

Cyber Alliance

Mercyhurst University recently announced a new cyber alliance with two other leading institutions. In February 2018, Mercyhurst University announced a new cutting-edge cyber alliance between Mercyhurst, Case Western Reserve University, and Cleveland State University. Known as the North Coast Cyber Research and Training Alliance, the agreement to jointly develop cybersecurity education, research, and training programs will leverage the unique combination of strengths of the three schools: cyber intelligence threat analysis from Mercyhurst, cyber engineering from Case Western, and regulatory and policy analysis from Cleveland State’s law school.

Last updated Sep 2020

About the School

Located in Erie, Pennsylvania, on a hill overlooking Lake Erie, our 75-acre campus is known as one of the most beautiful in the region. Elements of English Gothic architecture are carried throughout o ... Read More

Located in Erie, Pennsylvania, on a hill overlooking Lake Erie, our 75-acre campus is known as one of the most beautiful in the region. Elements of English Gothic architecture are carried throughout our Old Main, academic buildings and student residence halls. Grounded in the ideals of service, hospitality, and entrepreneurship that inspired our founders, a Mercyhurst education encourages the development of lifelong passions and engagement with the larger world. Inspired by our motto, "Carpe Diem," our faculty and students embrace innovation and leadership in service, as they make a difference within our gates and around the world. Read less