Why Is the Cybersecurity Job Market on the Rise?

Did you know that there is a hacker attack every 39 seconds? Hackers find different ways to access organizations’ data and information every day. The role of a cybersecurity specialist involves identifying the security risks before hackers take advantage of them. They then develop and implement preventive security controls against cyber-attacks.

Hackers’ skills continue to be sophisticated hence the need for cyber security specialists to help an organization secure its vital data and information. Here are some of the reasons why the cyber security job market is on the rise.

Hacking Is Expensive for Organizations

IBM estimates that data breaches cost organizations and businesses an average of $3.62 Million. It is a very high number that can lead to bankruptcy of an organization. When the future of a business is on the line, it cannot afford not to hire a cyber-security specialist to safeguard its data and information.

Growth in Automation of Processes

Organizations’ operations and processes are becoming automated, as their infrastructure is embedded in technology. However, since codes create automation, hackers can find it easy to attack an organization. Therefore, as more processes are digital, hackers find more opportunities to steal private data and information. Consequently, it is bad news for businesses.

Government Interventions

Companies and industries are regulated to some extent by the government. It progressively imposes security regulations that mandate organizations to protect their data and meet cybersecurity standards. In such a situation, the organizations have no option but to comply and seek the services of cyber security specialists to remain compliant with this government directive.

Cybercrime Rates Are Increasing

Due to the widespread implementation of digital technologies, more hackers find ways to capitalize on this fact. According to Check Point Research, hacking attempts in 2021 were the highest as they grew by 50% between 2020 and 2021. These statistics will continue to increase if stringent measures are not implemented. Hence, the need for cyber security specialists continues to grow.

Growth in Number of People Working Remotely

Many people have worked from home and used the internet for their daily routines in recent years. These include booking hospital appointments, shopping, attending school, or virtual meetings. All these activities create a digital landscape that enables sensitive information flow. Hackers are not only interested in large corporations; they attack individuals and even health care providers. Unsuspecting employees working online can fall victim to these attacks.

Vulnerability in using Outdated Technology

To save time and money, many organizations still use outdated software for their operations. The software needs regular updates and fixing bugs to enable smooth running and data protection. However, the updates can be very costly and time-consuming; hence many organizations avoid them. Moreover, it leaves the system prone to viruses, malware, and other attacks. Such organizations urgently need cyber security specialists to help upgrade systems and general data protection.

These are a few reasons why the cyber security job market is rising. The field is expected to grow exponentially over the years to come. The pay isn’t shabby either; enabling individuals should not shy away if interested in cyber security. If you are interested in a career path to fight cyber-crimes, many universities offer the course at an affordable rate.