Does A Career in Cybersecurity Offer Long Term Growth?

The answer is a resounding YES. Not only is the market growing fast but so are the job openings and this is all reflected in high paying jobs forecasted to keep growing until 2030 and probably beyond. Read on to find out how and why this market has become such a force.

The Market

According to research byMarketsandMarkets™, the global cybersecurity market size is projected to grow from USD 217.9 Billion in 2021 to USD 345.4 Billion by 2026.This represents an astounding annualgrowth rate of almost 10% over those five years. This growth reflects a combination of increased attacks on computer networks coupled with an increasing awareness in the executive suite of the need for improved cybersecurity infrastructure across global organizations.

The Fundamentals

Cybersecurity, computer forensics, or digital security is the protection of computer networks and systems from external data manipulation, information leakage, or physical destruction of the hardware, applications, or electronic data. A variety of methods are used for this purpose.
Not only do we have to protect our computers against unauthorized access from both humans and various types of third parties (such as spyware programs), but now malicious intruders and malware can also compromise our mobile devices, putting our private data stored there at risk. And because many businesses are now using mobile devices to communicate with clients and prospects, the potential risk for losing this data is even greater. To avoid this, the nation’s leaders have been calling on all state and local governments to create cybercrime units to fight this kind of crime.

What follows is a list of seven critical infrastructure sectors that face unique vulnerabilities to cyber threats. In addition to government agencies, these include:

• Financial institutions
• Public utilities
• Air transport companies
• Medicine
• Utility companies
• Telecommunications providers
• Manufacturing industry

None of these industries currently are capable of fully defend themselves against a cyber-attack. Experts agree that to bolster their information security capabilities, all of these industries should work closely with each other to develop mutual defenses against this sort of cyber intrusion.

Digital Information Products (DIPs) – With the onslaught of DDoS attacks it is becoming increasingly difficult for businesses to defend themselves against these attacks. One solution to this problem is developing affordable, easy to use DIPs that can provide the security businesses need. For example, a standard IP address is usually used to identify computers within a network. The problem is that if a malicious hacker infiltrates the system, it can often cause a catastrophic failure, depending on the nature of the attack. By making DIPs easily configurable, information security experts can prevent such attacks by identifying and blocking suspicious behavior before they can do any damage.

Trend Micro’s Threats Plus – With the number of attacks rising, many technology companies like Trend Micro have developed software to counter these new threats. Their Threats Plus system allows a company to not only analyze new attacks, but to keep abreast of any malware that is already on the market or has been developed. This software can be applied to any computer running the latest Windows version, making it one of the most flexible and cost effective defensive strategies for combating new trends in malware. It is also one of the most customizable, making it useful for almost any industry.

However, regardless of how secure a device or software program may seem to be, cyber threats remain possible even with the most stringent measures. Hackers are always finding ways to penetrate even the most heavily protected systems, and they are never satisfied with a weak point. Companies that do not regularly test their security programs may find that they are easily breached and may even put their own data at risk. This is why it is crucial for businesses to consider cyber hygiene, including nonstop security testing and monitoring.

The Job Market

This explains why the US job market for IT security professionals have been and is forecasted to continue growing at a torrid pace. The US Bureau of Labor Statistics (BLS) is forecasting a growth in the employment of information security analyststo growfrom 2020 to 2030 by 33 percent. This is significantly higher growth than pretty much any other occupation in IT. As a predicable result of this growth, the pay of security professionals is high. The median annual compensation in the US of an IT Security Analyst is $103,590.

Whether you are currently in the profession or are planning to launch a new career in this field, credentials will matter. CompTIA offers the global and vendor-neutral Security+ certification. This credential is one of the best-established ones and is endorsed by a multitude of big tech companies in addition to being a requirement by the US Department of defense. There are online free examples of CompTIA Security+ practice test questions but also Security+ exam simulators all of which can help you succeed at that exam.

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