Cybersecurity is facing an extraordinary challenge in finding and training enough professionals to meet the growing needs of global businesses, which are facing an ever-growing threat of cyberattacks.
Every 39 seconds, a cyberattack occurs somewhere in the world. These attacks cost organizations an average of $13 million, and the cumulative global value at risk from being destroyed amounts to approximately $5.2 trillion in the period from 2019 to 2023, according to Accenture.
As cybercriminals and state actors become increasingly sophisticated and skilled in their cyberattacks, it’s critical for companies and the public sector to ramp up their response capabilities. This includes a skilled cyber workforce. Unfortunately, businesses globally are facing a mounting shortage of cybersecurity professionals.
- Why there is a need for cybersecurity professionals?
- There is a high demand for cybersecurity.
- Top 8 cybersecurity skills high in demand in 2021.
- CyberSecurity Importance.
- Most popular Cyber Threats faced by industries.
Why there is a need for cybersecurity professionals?
In The Asia-Pacific region, nearly 95% of businesses do not have adequate cybersecurity practices in place, which leads to frequent cyber-attack and threats.
Due to the Covid-19 pandemic, there is a major skills shortage in the cybersecurity field.
Training and awareness are important for educating the public, but cybersecurity professionals are vital in today’s business world. They help develop new ways to combat cyber threats and are the main line of defence against spamming, phishing, malware, viruses and other information security threats, so that’s why it is necessary to have more cybersecurity professionals.
There is a significant increase in cybersecurity requirements with the exponential growth of job postings over 94% in just seven years. As opposed to this surge, other IT jobs have just grown over 30% in general. So, that leaves a 300% increase in the demand encompassing all IT job profiles. Cybersecurity happens to account for about 13% of all IT jobs.
There is a high demand for cybersecurity.
Cybercrime is on the rise especially during the Covid-19 pandemic, as per the report published in The Hindu Business Line cybercrime increased up to 600% in the Asia-Pacific region. people started spending far more time online than before which created a new set of opportunities for cybercriminals.
The BLS predicts cybersecurity jobs will grow 31% through 2029, over seven times faster than the national average job growth of 4%. … Burning Glass has been tracking demand for cybersecurity skills based on its database of more than one billion current and historical job postings worldwide.
By 2021, there will be roughly 3.5 million unfilled cybersecurity jobs across the globe.
So, a career in cybersecurity will stay in demand for decades to come.
Top 8 cybersecurity skills high in demand in 2021:
The world we live in is connected like a spider web which consists of our finances, social profile, and even governmental infrastructure. So, cybersecurity by default has become a necessity. Cybersecurity includes everything, from protecting our personally identifiable information to intellectual property from deliberate attempts of damage and theft.
Risks are increasing day by day, especially as the world leans more towards cloud services and global connectivity. Breaches, and cyber-attacks, are also increasing that puts you and your organisations at the risk of being bruised in the following sectors:
- Economic Loss: Theft of any intellectual property, disruption in trading, corporate information can be cost-intensive.
- Reputational Loss: Loss of future engagement, consumer trust, and poor media output.
- Regulatory Cost: Regulatory fines can be levied against your organisation if it transgresses the data breach or GDPR laws.
There has been a significant amount of data breaches which rose to 145% costing $13 million for an organisation. So, cybersecurity should be thorough regardless of your business scale. Computer networks in a time where increased adoption of IoT and cloud services are on the rise, the disruptive nature of cybercrimes will exponentially increase. But with cybersecurity specialist assistance, they can help your organisation and minimise the damage and prepare a preemptive framework for you to recover if a cyber attack were to happen.
Most popular Cyber Threats faced by industries
- Phishing attacks
- Ransomware attacks
- Cyber-Physical attacks
- IoT attacks
- Social Engineering
With the number of internet users in the country increasing at a rapid pace, the threat of cyber attacks is rising as well. From online shopping to e-learning, the number of users online has increased multi-fold in India and a new report revealed that 45 percent of online users in the country were attacked by local threats in 2020. Global cybersecurity firm Kaspersky detected and blocked over 13 crore Internet-borne threats in 2020. This affected 35 percent of the internet users in India, placing the country at the 43rd spot globally.
while The cybersecurity field is currently experiencing a 43 percent talent shortage globally with skills such as application development security, cloud security risk management, threat intelligence, data privacy, and security being most in-demand. So there are great opportunities for you to choose cybersecurity as a career.