The need for security experts across all sizes of businesses, both big and small, make it an ideal time to be employed in the cyber security industry. The number of jobs are increasing year on year with the sector set to experience job growth of 37% per annum until at least 2022. If you are a talented cyber security professional you will be in high demand for years to come.
Over the past few decades technology has become an integral part of our daily lives, both in work and at home. From email correspondence to financial transactions, we rely on technology to stay connected at all times. This rise in the widespread use of technology brought with it a rise in cybercrime, meaning cyber security is something nobody can afford to ignore.
According to Risk Based Security, there were eight massive data breaches in the first half of 2019, which accounted for the compromise of 3.2 billion records. Three of these eight data breaches are the largest breaches of all time, with one of them being related to the American Medical Collection Agency (AMCA). The monetary threat of cybercrime to businesses is rising fast, according to one estimate by McAfee, the damages associated with cybercrime globally now stands at over $400bn per year.
The Bureau of Labor Statistics reports that employment of information security analysts is projected to grow 32% from 2018 to 2028, much faster than the average for all occupations. However, despite this market leading growth, Cybersecurity Ventures predicts that there will be 3.5 million unfilled cybersecurity jobs globally by 2021, up from one million positions in 2014. Currently, 58% of CISOs believe the problem of not being able to secure cyber talent will worsen.
The U.S. has a total employed cybersecurity workforce consisting of 715,000 people, and there are currently 314,000 unfilled positions, according to Cyber Seek, a project supported by the National Initiative for Cybersecurity Education (NICE), a program of the National Institute of Standards and Technology (NIST). Organizations are taking action at both the national and local levels to address the lack of talent across cybersecurity. For example, MassCyberCenter is looking to boost the state’s cyber resilience and economic growth and to partner with businesses, academia and the public sector to train new cybersecurity workers. Also the New York City Economic Development Corporation (NYCEDC) launched Cyber NYC, which is supposed to catalyze 10,000 cyber jobs, help fuel new startups, and protect the city’s anchor employers.
At Glocomms, our team is broken down into three specialist areas in order to help our clients find and secure cybersecurity talent across Cyber Operations, Security Engineering & Architecture, and Cyber Security Compliance.