Cybersecurity Companies Will Create Millions of Jobs: But A Huge Skills-Gap is Worrisome
All organizations with digital footprints are potential targets for cyberattacks. Any well-informed, competitive business cannot ignore the need for robust security measures and trained professionals with relevant cybersecurity skills.
There is a sharp rise in the number of IT security jobs; however, are there enough adequately skilled professionals available to make the most of these opportunities? Cybersecurity courses are the solution!
Cybersecurity is the top external concern for most American business leaders. The US companies, on average, lose $27.37 million every year due to cyberattacks. Such attacks are becoming more frequent, sophisticated by the day, and they are expanding by 27% annually.
“Although cybersecurity most often makes it into the headlines because of large breaches at companies such as Target, JP Morgan, and Netflix, the most frequent threat is actually too small and medium-sized businesses. Almost 50% of small businesses have experienced a cyber attack. More than 70% of attacks target small businesses. As much as 60% of hacked small and medium-sized businesses go out of business after six months.” - INC.com & National Cyber Security Alliance.
As per a data breach statistics projection, 146 billion records will be exposed in five years from 2018 to 2023.
The future roll-out of 5G, highly connected environment, cybercriminals leveraging cutting-edge technologies/complex algorithms, use of diverse applications, and the shortage of individuals with necessary cybersecurity skills mean employers are aggressively looking for cybersecurity and risk management talent.
IT security or cybersecurity can be defined as a practice of protecting an organization’s data, computers, mobile devices, networks, servers, and electronic systems form malicious digital attacks. It ensures information security, network security, application security, and operational security. It also includes business continuity, disaster recovery, and end-user education.
The global security budgets have increased by more than 140% from 2010 to 2018, and by 2021, $6 trillion are likely to be spent on cybersecurity.
The cybersecurity market, by 2024, could be worth an estimated $300 billion, and IT security, without a doubt, is the job of the future.
- The growth rate for opportunities in info-sec is projected at 37% for ten years, from 2012 to 2022. By 2023, they could multiply three times.
- Cybersecurity job postings have gone up by 74% in the last 5 years.
- The unemployment rate since 2016 has been nil.
- In the US, all highest-paid cybersecurity jobs offer at least $100,000 per year.
- Organizations provide annual packages as high as $215,000 to invite, retain skilled and certified candidates.
- The yearly compensation for those reaching the C suite can even touch the $500,000 mark.
- Approximately 51% of IT professionals are willing to work on cyber issues.
- 47% of prospective IT professionals want to help protect users or companies from hackers by working in cybersecurity.
Some Common Cybersecurity Job Titles
- Security Analyst.
- Security Manager.
- Security Engineer.
- Security Architect.
- Security/IT Director.
- CISO or CSO.
- Systems Administrator.
- Network Engineer.
- Network Architect.
- Forensics Investigator.
- Systems Engineer.
Top high-paying cybersecurity jobs in the US
- Chief Information Security Officer: Up to $215,000 per year (not including incentives and bonuses), and for Fortune 500 companies, it could be as high as $420,000.
- Application Security Engineer: $128,128.
- Director, Info-Sec: $127,855.
- Senior Security Consultant: $126,628.
- Cloud Engineer: $126,365.
- PenTester: $114,431.
- Information Managers/Security Engineers/Chief Information Officers/Risk Managers: $99,930 - $108,465.
Skills-gap in Cybersecurity
• In the US, over 300,000 cybersecurity positions are unoccupied.
• The industry will have 1 million+ unfilled positions by 2020.
• It could move to 3.5 million by 2021.
“We have a critical shortage of skilled cyber employees because everything we do is now connected to the internet.” - Dr. Leigh Armistead, President, Peregrine Technical Solutions, specializing in cybersecurity.
How to address a considerable skills-gap? Cybersecurity training solutions for your employees and aspiring security professionals.
- Cybersecurity training prepares employees for safeguarding your business against unauthorized penetration attempts, phishing practices, vulnerable Internet of Things networks, and other cyber-attacks.
- It makes them proactively cyber aware, enables them to identify potential risks and vulnerabilities, secure data, systems, and networks.
- Well-trained, certified workforce makes better data protection decisions and avoids cybersecurity risks by indulging in appropriate-online-behavior.
- Timely cybersecurity courses create a risk-free environment and avoid possible loss of customer confidence in your business.
Cybersecurity training courses must cover types of cybersecurity threats, identification-reporting of these threats, data protection, password security, internet, social media, and email policies.
More than 95% of organizations with effective cybersecurity measures have well-structured employee training programs in place.
Cybersecurity training from NetCom Learning
Every growth-oriented business must focus on cybersecurity courses to develop security experts in-house.
NetCom Learning is a Mile2, CompTIA authorized, ISACA recognized Cisco, and IAPP official training partner with a track record of training 100,000 professionals and serving the majority of Fortune 1,000 companies.
Cybersecurity training validates your knowledge of security fundamentals, applications/data/network security, cyber forensics, ethical hacking, risk analysis/management, compliance, and governance.
In addition to security awareness training, NetCom Learning also offers in-depth cybersecurity courses.
The training courses are available for multiple security certifications, and they include the following:
- CISSP: Certified Information Systems Security Professional.
- CompTIA A+.
- CompTIA Cybersecurity Analyst (CySA+).
- CompTIA Security+.
- CompTIA Advanced Security Practitioner (CASP+).
- CompTIA PenTest+.
- CCNP Cloud.
- CCNP Security.
- CCNA Security.
- CCNP Service Provider.
- Mile2 Certified Security Principles (C)SP).
- Mile2 Certified Information Systems Security Officer (C)ISSO).
- Mile2 Certified Security Leadership Officer (C)SLO).
- Mile2 Certified Vulnerability Assessor (C)VA).
- Mile2 Certified Professional Ethical Hacker (C)PEH).
Netcom Learning’s certified IT security specialists provide a quality training experience through custom learning plans, including instructor-led classroom training, group, and blended options. You may explore a variety of security awareness, cybersecurity, application, and data security courses and pick the most suitable one as per your business-specific requirements.
Sources: Juniper, Accenture, Hiscox, PR Newswire, The HILL, Harvard Business Review, SANS Institute Cybersecurity Professional Trends survey, Bureau of Labor Statistics, Forbes, and others.