The growing need for cybersecurity specialists in today’s technological age

The growing need for cybersecurity specialists in today’s technological age

By Arjun Mohan, CEO-India, upGrad

According to the Data Breach Investigations Report, ransomware attacks continued to grow for the fifth year in a row in 2021. In recent years, many high-profile and sophisticated data breaches in industries such as Finance, Aviation, Healthcare, and Pharmaceuticals, among others. , have increased steadily. despite global measures. The sensitive information of millions of consumers, including usernames, access codes and credit card numbers, became public due to high-level security breaches at some of the world’s largest corporations. And the magnitude of such attacks is increasing, according to the findings of a new study from Positive Technologies, which states that external attackers can breach the organizational network perimeter and access local network resources in 93% of cases. of cyber-attacks, affecting the company’s own operations and revenue, while gaining access to employee details and increasing privacy breaches.

The reluctance of most companies to tolerate unauthorized access to their data is a contributing factor to the growth of the cybersecurity industry. IBM estimates that the average cost to businesses experiencing a data breach is $3.62 million. This is a figure that has the potential to put many companies out of business. Therefore, even the largest corporations in the world prioritize security above anything else, as it has a direct impact on revenue. Additionally, remote work and widespread digitization have led to the expansion of virtual pathways, increasing the likelihood of cyberattacks. Along with inaction, delays and lack of preparation in technical and infrastructure implementation, organizational vulnerability is increasing. But, to face these challenges, it must be understood that in the world of cybersecurity, the concern is not the “if” but the “when”. Therefore, in our ever-growing virtual environments, it is essential to have trained cybersecurity professionals, who can anticipate likely cyberthreats, before the actual attack.

The Imminent Need for Cybersecurity Professionals

They are the unsung heroes of the internet and they deserve the credit. The job of a cyber security specialist is to identify and address flaws in systems and data before they are exploited. The number one priority for a cyber security professional should be to prevent attacks by identifying and correcting potential security flaws before malicious people can exploit them. They play the mixed role of a construction manager, a janitor, a detective, and an undercover cop. Companies, large and small, are always looking for qualified cybersecurity professionals to improve their digital infrastructure and protect their data from unwanted attacks.

Cybersecurity jobs will grow 31% by 2029, making them a great career opportunity

Due to the increasing cases of cyber attacks, the demand for people with cybersecurity skills is an excellent field to pursue at the moment. The US Bureau of Labor Statistics projects a 31% impact on employment rates for cybersecurity professionals by 2029. Comparatively, the average growth rate for all sectors is just 4%. Whether it’s healthcare, banking, entertainment, or retail, every business faces cybersecurity issues. This demand for data security specialists is projected to grow 33% between 2020 and 2030, much faster than the average growth rate for all occupations. Therefore, organizations are eager to hire trained specialists.

The most direct approach to improving cybersecurity expertise is formal, advanced education, which is increasingly required by many organizations. Therefore, to move into roles like Cyber ​​Security Expert, Cyber ​​Security Engineer, Cyber ​​Security Analyst, Application Security Engineer, Network Security Engineer, one needs to acquire skills like Application Security, Data Secrecy, Cryptography and Network Security. For students looking to transition into cybersecurity from IT or technology domains, the best way forward would be to opt for flexible online courses that offer extensive theoretical and application-based learning from leading global universities like Caltech. or Purdue. Edtech platforms that offer programs taught by industry experts, while offering global peer-to-peer networks, are critical to driving skills upgrading in the cybersecurity discipline.

With a CAGR of 13.4%, the global cybersecurity market is expected to rise from $155.83 billion in 2022 to $376.32 billion in 2029. There has been an extraordinary and surprising increase in the demand for security solutions due to the global outbreak of Covid-19, compared to levels seen before the pandemic. With virtual sensors embedded in our physical world, the need to protect privacy and information is crucial to avoiding financial risk. Therefore, as we move into the next phase of digital innovation and diversity, it is imperative to create a talent pool of trained cybersecurity professionals who can protect our virtual environments and safeguard our privacy and well-being.

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