Respond to record cyberattacks
Cybersecurity is a business imperative that is as critical to an organization’s short- and long-term viability as its financial and legal well-being. The volume and sophistication of cybersecurity threats continue to grow. Malware and viruses are always a concern, as are new types of attacks, from hackers inserting malicious code into software or supply chain infiltrations to compromising critical IT infrastructure and phishing campaigns targeting the employees. According to a Gartner study published in early 2022, 88% of boards view cybersecurity as a business risk rather than just a technical IT issue. About 13% of boards have instituted cybersecurity-specific board committees overseen by a dedicated director. Below are some other trends in the modern cybersecurity landscape.
CYBER SECURITY DEMAND AND EARNING POTENTIAL ARE INCREASING
Currently, more than one million professionals are members of the cybersecurity workforce in the United States. Yet there is also a dramatically high number of job openings in the field – over 714,500, a sign of the ever-growing demand for cybersecurity professionals.
States like California, Florida, Georgia, Illinois, and Texas are considered “hot spots” for cybersecurity jobs because they have around 25,000 to 83,000 job openings. As the demand for cybersecurity professionals continues to grow, so will the money they will earn. For example, federal cybersecurity workers can earn up to $255,800 per year. Meanwhile, according to the Bureau of Labor Statistics (BLS), the average annual salary for information security analysts was $107,580 in 2020, nearly double the average for all US occupations combined.
Additionally, between 2020 and 2030, employment of information security analysts is expected to grow by 33%, which is faster than the average for each occupation, according to the BLS. And, globally, the total number of unfilled cybersecurity jobs increased by 350% between 2013 and 2021, from 3.5 million positions available last year, according to Cybersecurity Ventures.
INDUSTRIES RECRUITING CYBERSECURITY PROFESSIONALS
To meet the ever-increasing demand for cybersecurity professionals – for example, the International Information Systems Security Certification Consortium predicts that the global cybersecurity workforce is expected to grow by 89% – a wide range industries will likely be hiring in the near future, such as the following:
Banking and finance: Banks, as well as the financial industry as a whole, are major targets for identity theft, necessitating an increase in cybersecurity manpower.
Federal government: Federal cybersecurity workers earn up to $255,800 each year as cyberattacks on confidential information remain a significant issue for the federal government.
Detail: Just like the banking and financial sectors, the retail sector also remains a popular target for identity theft.
Technology: While IT security in tech companies also remains pressing, states like California and Florida should be key focal points for cybersecurity employees.
MOST POPULAR JOBS FOR CYBERSECURITY PROFESSIONALS
As professionals prepare for the next chapter in their cybersecurity careers or enter the field for the first time after graduating, they have a wide range of jobs to consider, according to St. Thomas University and TechRepublic :
• Chief Information Security Officer (CISO)
• Cybersecurity analyst, architect, consultant, engineer and project manager
• Ethical hacker
• Incident Response Coordinator
• Head of Information Security
• Network architect
• Intrusion tester
• Security analyst, architect, awareness trainer and engineer
• Systems Administrator
• Vulnerability management specialist
SOURCES: Bloomberg, Bureau of Labor Statistics, CyberSeek, Fortune, St. Thomas University, TechRepublic, University of Tulsa
Compiled by Chris Lewis, Crain’s Content Studio-Cleveland
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