The good news first: the European cybersecurity market was valued at €28.05 billion in 2021 and is expected to reach €53.52 billion by 2027, with an average compound annual growth rate of 24 .4% over the forecast period 2022-2027.
Here’s even better news: there are several cities and regions across Europe where a cybersecurity professional can settle (or relocate) to pursue a thriving career in this growing industry. As we accelerate cloud adoption and do more of our banking and shopping online, the potential for our data to be accessed by malicious actors increases; hence, the need for skilled and talented cybersecurity professionals is also increasing exponentially.
Legislations such as the EU Cybersecurity Act and GDPR have also increased the demand for security professionals across the bloc, as has the increase in cyberattacks against businesses. Depending on where you would like to work, salaries can be high. For example, Luxembourg has the highest average salary for cybersecurity professionals at over €112,000 per year.
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With its strong foundations in the banking sector, Switzerland has a high demand for cybersecurity workers and Estonia is another leader in cybersecurity employment due to strong government support for the sector. In addition, NATO has established its Cooperative Cyber Defense Center of Excellence in the capital, Tallinn.
To uncover the continent’s leader, the United Nations Global Cybersecurity Index offers sharp insight through a deep dive into each country’s strengths and weaknesses. Nations are judged on their legal structures, technical capabilities, organizational powers, capacity building and cooperation. In Europe, the United Kingdom comes out on top, with London being the number one cybersecurity city.
London’s long-term history in financial services has recently morphed into expertise in fintech. It is now home to a thriving ecosystem of challenger banks, blockchain startups, and at least 26 fintech unicorns, including Checkout.com, Monzo, OakNorth Bank, SaltPay, and SumUp. With regulation and security at the forefront, cybersecurity is integrated.
There are many reasons why London is such a hub for cybersecurity roles. The fintech industry has strong political support in relation to the government-commissioned Kalifa review in 2021, which identified several clusters of activity across the UK and also put in place a number of number of recommendations to support the sector.
Domestically, the UK has also been on an upward trajectory since its pioneering National Cybersecurity Strategy of 2016, with the creation of a National Cyber Force in 2021 and a revamped plan for 2022 to ensure it can continue. to adapt, innovate and invest.
Additionally, it is home to a number of defense companies such as BAE Systems, Thales, Lockheed Martin Corporation, and Northrop Grumman, as well as its own cyberstars, such as Darktrace and Becrypt. All of these companies have industry-leading requirements for cybersecurity professionals.
Open roles are one thing, but they need to be backed by a talent pool. This is also ensured here thanks to the wealth of UK higher education institutions offering Bachelors and Masters courses. They include a Masters in Information Security at Royal Holloway. This course has been accredited by GCHQ, the intelligence and security organization responsible for providing intelligence to the government and armed forces.
Nearby Cambridge offers a Cybersecurity program and King’s College London offers a fully online Global Security course which can be taken as a Masters, Postgraduate Diploma or Postgraduate Certificate.
For those already working in the industry, networking opportunities abound. London is a global destination and transport hub, making it an ideal place to live and work. Industry conferences and events that take place here include UK Sec, where cybersecurity leaders meet annually to discuss challenges and trends. FMLS is the city’s largest fintech event, attracting thousands of attendees, who network and learn from key companies and decision makers across multiple verticals.
If you’re interested in exploring a cybersecurity career in one of Europe’s fastest growing cities, we’re looking at three vacancies below. And there is much more to discover on The House of Talent Job Board.
Cybersecurity detection engineer, Avertium, Remote
The Avertium Cyber Threat Intelligence team is looking for a Cyber Security Detection Engineer to create custom detection rulesets and other content for a variety of security platforms including SIEM, EDR, SOAR, etc You should have a solid understanding of search query languages and log analysis strategies, as well as experience creating custom content for at least one security platform. You will need proven experience in a similar role, experience developing custom detection content for at least one security platform, and experience with Open Source software with varying levels of documentation. Get the full job specs here.
Senior Internal Controls, Exclusive Networks Limited, London
Exclusive Networks is a trusted global cybersecurity specialist for digital infrastructure. Its distinctive approach to cybersecurity provides partners with more opportunity and more relevance to customers and, as a Senior Internal Controls, you will be proactive and work on enterprise-wide initiatives, in a very diverse and international, with regular interactions with management at all levels. . You will continuously monitor and adapt internal control frameworks; participate in updating group policies and procedures, process flow charts and risk monitoring matrices. Learn more about the role here.
Resilience and Business Continuity Consultant, BCT Resourcing, London
You will join a Reputation, Crisis and Resilience team as a Resilience and Business Continuity Consultant to help meet client needs for planning, resilience building, event and incident preparedness. You will work on contingency planning for a range of high-impact events, such as a catastrophic cyberattack, and design and implement a large-scale resilience transformation program to meet regulatory, governmental and societal expectations in a number of different sectors. . You will need to have experience with operational readiness programs for major events and change initiatives, and knowledge of crisis and incident framework design. Learn more.
Browse all companies currently hiring across Europe on The House of Talent job site