With our currencies going digital and the cybercrime rate at its peak, cyber security salary budgets are fattening. Learn more about cyber security analysts, architects, and experts’ salaries.
Cybercrime will cost the globe $6 trillion in 2021. These expenses will reach $10.5 trillion by 2025. Strong cybersecurity is essential to combating the growing problem of cybercrime. IBM estimates that 77% of businesses lack a cybersecurity incident response capability, and some take up to 6 months to even notice a breach. Attackers may steal data, carry out surveillance, harm systems, and even demand ransom at this time.
Cyberattacks and data breaches can affect everyone, including people, governments, for-profit businesses, non-profit organisations, and educational institutions. Future attacks will increase as digital technologies advance, as users and devices multiply, global supply networks get more intricate, and data value increases in the digital economy. Strong cybersecurity will be essential to secure systems and data and reduce the danger of an attack. One of the most in-demand professions worldwide is now cyber security. Protecting data from intruders or hackers is crucial as technology advances to achieve corporate success and growth.
Antivirus software and firewalls are no longer effective at stopping cyber threats. Because of this, the growth of cyber security is very crucial. Cybersecurity is significant because it covers all aspects of safeguarding our data from online thieves who wish to steal it and exploit it for malicious purposes. This can include private information, intellectual property, personally identifiable information (PII), protected health information, government and business information, and sensitive data (PHI). Read on to learn what cyber security is, the different cyber security training courses and the current average cyber security salary.
The technique of protecting networks, computers, mobile devices, electronic systems, servers, and data from hostile intrusions is known as cyber security. It is often referred to as electronic information security or information technology security. The world is becoming more and more dependent on technology, and this dependence will only increase as we develop the new technologies that will link to our devices connected via Wi-Fi and Bluetooth in the future.
The significance of cybersecurity is growing. Fundamentally speaking, there is no indication that our civilisation will become less dependent on technology. Identity theft-related data dumps are now openly announced on social media sites. Cloud storage services like Google Drive or Dropbox are now used to store private data, including credit card numbers, social security numbers, and bank account information. Cyber-attacks typically try to disrupt business operations, gain financial advantage, or access, alter, or delete critical data. Information technology security is another name for cyber security.
Building a solid security culture within an organisation is at the heart of the growth of cyber security. To stop cybercrime from occurring and succeeding, it is also important to increase security knowledge among the general public. Our entire community depends on a secure, reliable, and resilient cyberspace, whether we are talking about individuals, corporations, or governments. Cyber-attacks can be carried out through manipulative methods, phoney emails and SMS messages, harmful codes, and websites. Organisations use a variety of cyber security strategies that serve as several layers of protection to thwart such attacks. To effectively defend against a cyber assault, a company’s technology, business procedures, and workforce must all work together.
Large volumes of data are gathered, processed, and stored by the military, governments, and other organisations that are important to society. Sensitive information may be present in a lot of this data. The disclosure of this data, including financial information, intellectual property, and personal information, can frequently have unfavourable effects. This includes harm to individual reputations, customer faith in businesses, institutional trust among citizens, and business competitiveness. It is becoming more crucial than ever to develop a strong culture of security within organisations and to increase global awareness. The focus on solutions must now be even more intense as the growth of cyber security faces increasingly advanced threats.
The most costly and rapidly expanding type of cybercrime is information theft, caused mostly by the expansion of identity information vulnerability on the web through cloud services. However, it is not the only one. Infrastructure and power grids are managed by industrial controls, which can be destroyed or disturbed. Cyberattacks may also seek to jeopardise data integrity (damage or change data) to sow discord within a company or government so that identity theft isn’t their main objective. Cybercriminals are evolving as they gain experience, changing the targets they choose, how they impact businesses, and how they attack various security systems.
With more data breaches occurring every year, the global cyber threat is still evolving quickly. According to a survey from Risk Based Security, data breaches have exposed an astonishing 7.9 billion records just in the first nine months of 2019. This number is more than twice (112%) as many records as were revealed during the same period in 2018. Most breaches occurred in the areas of healthcare, retail, and public institutions, and most of them were caused by malicious criminals. Because they gather medical and financial data, some of these industries are more interesting to cybercriminals than others, but any firms that use networks might be the target of customer data theft, customer attacks, or corporate espionage.
Implementing robust cybersecurity can be difficult since the cyber threat landscape is constantly changing. One can obtain cyber-security training to deal with malicious cyber-attacks. However, it’s not impossible if businesses adopt a systematic strategy that includes the following components:
A risk-based strategy guarantees that security professionals are knowledgeable about the most important threats to the company and can take the necessary steps to reduce their potential impact.
To comprehend and mitigate any threats to enterprise assets, it is essential to have a solid understanding of such assets.
Quickly finding and fixing vulnerabilities is important, particularly if they are serious and have the potential to hurt the company seriously.
Access to systems, services, and data must be protected and controlled to thwart both internal and external threats.
All corporate data must be safeguarded against illegal access or usage.
The impact and harm of security incidents can be reduced with effective incident management.
The dangers and vulnerabilities of third-party networks must be recognised and continuously addressed.
49% of breaches are attributable to human mistakes, according to research by IBM. According to a different Stanford University study, 88 per cent of breaches are the result of human error, particularly staff blunders. Employees frequently make the mistakes of choosing weak passwords, falling for phishing schemes, or neglecting to update their devices’ software security. Employees require successful cyber-security training to help the organisation fight cyber crimes and threats.
Let us look at the career options and salaries received while pursuing cyber-security
A network security engineer spots hacking attempts, harmful software, and other online threats. In order to prevent future IT threats, a network security expert must maintain an organisation’s network security by monitoring suspicious activity and creating robust configurations for systems. The average salary of a network security engineer is Rs. 513169 per annum. In various Indian cities, cyber-security training given by network security engineers are compensated with the following salaries:
A cyber security analyst checks for vulnerabilities at their place of employment. They perform penetration testing to identify any openings in the corporate network that could be used for hacking and system exploitation. Let’s look at a professional cyber security analyst’s salary. Professionals in India who work as cyber security analysts receive amazing pay commensurate with their level of experience. A cyber security analyst’s salary, on average, is Rs 539,675 per year. A cybersecurity professional salary is pretty good for an average individual. In India, a Cyber Security Specialist makes an average annual pay of 11 67,046 rupees.
The security of organizational hardware and software must be monitored by security architects. Systems are created by security architects to thwart hostile attacks. Security architects must be conversant with the strategies that attackers employ to acquire unauthorised access in order to accomplish this. The average salary paid to a security architect for his role in cyber-security training is about Rs. 2182,678 per year. According to PayScale statistics, security architects are paid the following salaries in various Indian cities:
Computer systems, networks, and data can be protected from assaults using a variety of technologies, procedures, and techniques. We must categorise cyber security into several subdomains in order to best explain what it is and how it operates:
Application security refers to the integration of various protections against a variety of threats into the software and services of an organisation. This subdomain necessitates cyber security professionals to create and design secure application structures, secure code, implement strong data input validation, and more. It’s to reduce the possibility of unwanted access or manipulation of application resources,
For businesses that employ cloud providers like Amazon Web Services, Azure, Google, Rackspace, etc., cloud security relates to developing secure cloud systems and applications.
This subdomain covers the procedures, protocols, and mechanisms that let authorised users’ authorisation and authentication access an organisation’s information systems. These procedures entail establishing strong information storage systems that protect the data in transit or stored on a server or computer. Additionally, this sub-domain employs two-factor or multi-factor authentication techniques more frequently.
Staff awareness of cyber dangers is an important piece of the cyber security puzzle since knowledge is power. It is essential to provide corporate workers with cyber security training in computer security to increase understanding of organisational procedures and policies, best practices for the industry, and methods for monitoring and reporting hostile activity. This subdomain covers programs, classes, and certifications relating to cyber security.
As more people are relying on mobile devices, mobile security is a crucial issue nowadays. These subdomain guards against dangers including unauthorised access, malware, device loss or theft, viruses, and more for both organisational and individual data kept on portable devices like tablets, smartphones, and laptops. Mobile security also makes use of authentication and training to strengthen security.
There is no sign that people’s dependence on technology will ever decrease. As a result, cloud storage providers will likely keep more sensitive data, including bank account information, which increases the risk of identity theft and data leaks. Therefore, it is essential to understand cyber security and get cyber security training. We must be cautious about a wide range of Cyber Security dangers due to our daily use of computer systems and the development of cloud services. Governments from all over the world are focusing on cybercrimes. Major cyber-attacks have occurred over the years, including the Melissa virus attack in the year 1999, the 1999 NASA cyberattack, the 2017 WannaCry ransomware attack, etc. To help everyone comprehend the security dangers, Cyber Security measures, and prevention techniques, councils like the National Institute of Standards and Technology (NIST) have started developing frameworks.
Cyber threats can appear at any organisational level, and the attacks are becoming more advanced every day. Hence cyber security training is a must for organisations. They must train their employees and get them ready to face any cyber-security threat in the future. According to reports, the Government of India has boosted the budget set aside for IT industry cyber security. The amount increased from INR 102 crores to 170 crores for 2020–2021. India’s market for cyber security expert services is expected to grow to $7.6 billion by 2022, according to a statement by the Data Security Council of India. Remote working has become increasingly prevalent throughout the world, making cyber security more crucial than ever.