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Is Cyber security a good Career In India?
Sophia Jones
According to a new survey, cybersecurity is becoming a rising concern for organizations throughout the world, and the majority of them — around 95 percent — do not have proper cybersecurity processes in place, putting them particularly exposed to assaults.
According to a recent analysis, India's IT Act, 2000 saw a 457 percent increase in cyber-crime-related incidents between 2011 and 2016. According to another estimate, at least one cybercrime was reported in India every 10 minutes in 2017, jumping from 12 minutes in 2016.
The times we live in now are run on a surge in the networked economy which has further given rise to the cases of cyber-crime. This resultantly is a matter of great concern for organizations across the globe regardless of private pr public sectors. A data breach can cost a corporation $3.86 million on average, according to a 2018 research by IBM and the Ponemon Institute, while a large-scale breach can cost $350 million!
In the first half of 2018, data breaches exposed more than four billion records, according to Gemalto, a global leader in digital security. According to another source, 1.76 billion documents were exposed in January 2019. As a result, it's no wonder that businesses are prepared to pay millions of dollars to cyber security professionals in order to protect their IT infrastructure against unwanted attacks.
Despite this, there is a significant imbalance between supply and demand. In reality, one of the most pressing concerns facing organizations today is the lack of qualified security personnel.
Talent Shortage with Increasing Demand
According to data from (ISC) 2, there is a global shortage of about three million cyber security personnel. With a population of roughly 2.15 million, APAC has the biggest shortage, owing in part to its developing economy and new cyber security and data privacy legislation passed across the region."
Demonetization and the execution of programs like Digital India that followed have ushered in a new era of digitization, making the country more vulnerable to cyber threats. Compliance with universal data protection regulations, which were implemented recently, is another factor contributing to the rising demand for cyber security expertise.
Another inherent factor is the worldwide invasion of the COVID pandemic that has shaken the world. Hence, owing to the pandemic, businesses were pushed to speed their digital transition by implementing WFH measures, making cybersecurity even more important. The abrupt shift to remote working complicated workflows exposed businesses to new internet risks and vulnerabilities.
By 2025, India is estimated to have over 1.5 million unfilled cybersecurity job opportunities, second only to China in the APAC region, according to Varsha Barooah, director of Michael Page India.
Investing in the proper tools is a good start, but hiring the right cybersecurity personnel is one of the greatest methods to close these security gaps. According to the poll, there is a 43% talent deficit in cybersecurity, with the most in-demand skills being application development security, threat intelligence, data privacy, cloud security risk management, and security.
As the demand for a secure digital environment grows the need for experts to partake in enforcing a secure environment also rises. Cybersecurity is reported, to be a high issue for seven out of ten businesses. According to the report, cybersecurity will continue to be an attractive field for professionals to explore for career prospects due to increased automation and digital transformation across sectors and the resulting necessity for backend support. Hence venturing into this ever-evolving and expanding field sounds all the more ideal and interesting.
Gear up for the most in-demand Career Path
Several major institutions have introduced basic cyber security certification programs and cyber security training courses for students and professionals who have the appropriate knowledge and aptitude for this subject to assist in bridging the demand-supply gap
Since most cyber security specialists throughout the world originate from various fields and are mostly self-taught, there has been no official schooling in the sector until now. With the rapid growth of technology and the dynamic nature of cyber-crime, however, a cyber security certification course can better educate students to combat today's trained cybercriminals! There are now online cyber security certification courses available from reputable national and international colleges.
If you are still wondering if pursuing Cyber security is worth it, there is no reason why you should not. Obtain the best certification in cyber security and equip yourself with the most in-demand skills.
The top ten fastest-growing cybersecurity talents, according to Burning Glass Technologies, a renowned labor market analytics business, reveal that employers are willing to pay more for people who can prevent assaults before they happen. These experts will be tasked with creating a secure digital ecosystem from the ground up.
Application development security and cloud security, the two fastest-growing talents, both require proactively developing safe systems from the outset rather than reacting to attacks. These abilities are also the critical infrastructure for the new economy, as they involve smartphone apps and cloud storage that businesses rely on. Over the next five years, demand for these abilities is expected to increase by 164 percent and 115 percent, respectively. Salary premiums of up to US$15,000 are available for personnel with these skills.
Cyber security provides an unrivaled opportunity to work in a dynamic atmosphere while being well-compensated for students and professionals who are naturally curious and inclined towards pursuing a career in software and technology.
The annual salary for cyber security heads, according to KPMG, ranges from $2 million to $4 million. The industry also has a 68 percent satisfaction rate, making it a mentally and financially rewarding employment for most people.
Undoubtedly, acquiring the correct training can make your profile more appealing to potential employers, and taking a cyber security course could be the first step toward launching your dream profession.
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