Isaac L. Auerbach, an early advocate of computer technology, graduated from Drexel with a degree in electrical engineering in 1943 and was Vice Chairman of the University's Board of Trustees from 1990 until his death in 1992. Mr. Auerbach held more than 16 patents and was a key contributor to several advances in early computer technology: the first mainframe calculating machines, the computerization of the ballistic missile early warning system, and encoding devices for the National Security Agency.

Carol and Isaac Auerbach established the Isaac L. Auerbach Professorship at the College of Computing Informatics (CCI) shortly before Mr. Auerbach's death in 1992, and Mrs. Auerbach has served on the search committee for two CCI deans. The Auerbach family's partnership has fueled Drexel's growing strength in computer and information science.

In 2016, the Isaac L. Auerbach Cybersecurity Institute received a $3 million naming gift from the Isaac and Carol Auerbach Family Foundation. This generous commitment has allowed the Institute to continue to expand its cybersecurity educational programs and extend the breadth and depth of its cybersecurity research.