In a world filled with data, it not only provides a competitive advantage but is a source of revenue, i.e., it has become a critical asset. Hence, there is a need from the organization to protect the data from unauthorized access and data corruption. It raises a new job opportunity in the field as a cybersecurity expert or an information security expert. According to a report on LinkedIn professionals with cybersecurity certification or with cybersecurity training are one of the ten most sought-after jobs on its platform. It is also one of the highest-paying jobs in the industry as per the recent trends with many professionals going on to become Chief Information officers within their organization. So, let us look at how anyone can become a cybersecurity expert and what his salary will be.
Learning Of Blog
Cyber Security Salary Guide 2020
What is Cyber Security?
Why does the organization need cybersecurity?
How much does a cybersecurity expert earn?
Why be a cybersecurity expert?
What is Cyber Security?
Cybersecurity is the act or practice of defending data or information stored in computers, servers, mobile devices, electronic systems, or networks from malicious cyberattacks. It is also known as information security. A successful cybersecurity approach has multiple layers of protection spread across these platforms mentioned above to keep data safe. In an organization, the people, processes, and technology must all complement one another to create an effective defense from cyber-attacks, which is the core idea behind cybersecurity.
Why Does the Organization Need Cybersecurity?
Cyberattacks are increasing yearly at a rate of twelve percent and thus pose a threat to organizations, employees, and their clients. They can be used to access or destroy sensitive data or even extort money and, in effect, destroy businesses and damage them financially. In a recent report released by one of the world’s largest multinational technology companies, IBM, the annual cost of an information security breach or unauthorized access revealed that a single data breach could cost an organization up to 3.29 million dollars. Also, we need to add the effects of reputation that organizations face from cyberattacks as we had with Equifax, Facebook, and T-Mobile. Hence, there is no wonder businesses are paying more than ever to net in-demand cybersecurity experts to protect them from it.
How Much Does a Cybersecurity Expert Earn?
The cybersecurity market expects to grow to $170 billion by 2021, and a cybersecurity expert tends to make around 10 percent over compared to other IT workers. Yet, there remains a lack of qualified professionals in the field. Increasing at a rate that is outpacing all other areas of IT, cybersecurity has been a high-growth field since the start of the decade. A cybersecurity expert can earn an average of $87,500 annually. Additionally, cybersecurity trained experts’ salaries in major U.S. metros can reach as much as $380,000 annually.
To drive home, the measurement better below are some statistics which show that as per the current trend cybersecurity experts are one of the highest earners among IT professionals as per the 2017 report:
- Chief Security Officers, earning between $145,000 and $248,000
- Data security analysts, who earned between $102,000 and $171,500
- Systems security administrators who earned between $92,750 and $156,00
- Network security administrators who earned between $92,000 and $155,000
Many variables continue to influence cybersecurity salaries, which is common in most fields we should assume. These factors are years of experience, location, education, industry, and, most importantly, professional certifications.
Why Be a Cybersecurity Expert?
Global Information Security Workforce report found that 62 percent of respondents said their company did not have enough security professionals on staff. The organization projects a 1.5-million-person shortfall in qualified cybersecurity workers by 2021. Additionally, it found that 84 percent of hiring companies believed that half or more of those applying for open positions were unqualified. Due to this shortfall cybersecurity experts, enjoy above-market pay, multiple job offers, and attractive financial incentives, including stock options and flexible work schedules. The ever-growing need for qualified, experienced cybersecurity experts means that the field offers tremendous potential for professionals, providing job security, a good salary, and potential for advancement in the area. Most of the job opening is going to be in the field of IT, Banking Finance, and Insurance.
How To Become a Cybersecurity Expert?
It had become a common misconception that cybersecurity experts are professionals who started out practicing ethical hacking as teens( All the movies which have spoiled as). But it is far from the truth, there are many cybersecurity certifications online or cybersecurity training online courses that provide extensive knowledge about the subject matter. These courses are what recruiters look for and will kick start your career as a cybersecurity expert. Many universities/colleges have also begun to offer a master’s degree in cybersecurity to make the job opportunities and skills relevant and in demand.
The cybersecurity certifications courses should cater to the following concepts or subjects such as:
- Computer forensics
- Internet security
- Cybersecurity fundamentals
- Data recovery
- Information systems privacy
- Internet security
Cybersecurity is here to say with us, with the amount of data organizations are generating, data protection and confidentiality would be forefront. Cyberattacks not only steal the data but hold up operations, which leads to more significant loss financially for the organizations. Students and professionals need to upskill there learning and enhance their knowledge to be in demand and stay relevant, and Cyber Security Certification would make the CV stand out.