Current Status
The cyber security market is expected to grow to around $232 Billion by 2022 according to a report. Domestic IT giants like Infosys and even global players like CISCO have been betting big in the cyber security domain.
The growth in cloud-based security solutions and tools, and increase in adoption of big data analytics to gather cyber threats data among other trends are creating humongous opportunities in the area of cyber security.
Scopes
While forces like automation, machine learning and AI are eliminating the need for low and mid level engineers in many IT domains, the demand is only upsurging for Cyber Security professionals because of the need for human intervention to take critical decisions.
- Big Corporates, SMEs along with startups are hiring cyber security professionals in the wake of multiple cyber attacks
- ISACA, a global authority estimated a shortage of more than 2 million cybersecurity professionals globally by 2019
- The average starting salary ranges from 4 to 5 lakhs per annum is substantially higher than other fields
- Due to the dearth of Security prodessionals, students with core expertise in security secure multiple job offers on campus
Best Universities in the World
1. LEWIS UNIVERSITY
2. PENNSYLVANIA STATE UNIVERSITY
3. SEMINOLE STATE COLLEGE OF FLORIDA
4. DAKOTA STATE UNIVERSITY
5. UNIVERSITY OF ARIZONA
6. AMERICAN PUBLIC UNIVERSITY
7. WESTERN GOVERNORS UNIVERSITY
8. DREXEL UNIVERSITY
9. DEPAUL UNIVERSITY
10. GRANTHAM UNIVERSITY
FUTURE OF CYBER SECURITY
Cyber-attacks are diversifying, putting businesses at increasing risk. In 2017, multiple ransomware attacks such as the Wannacry cryptoworm that hit the NHS demanded bitcoins in exchange for the release of data. This is now evolving into illicit cryptomining attacks, which see criminals using business’ systems to mine lucrative cryptocurrencies.
In February 2018, the first SCADA cryptominer was seen in the wild. Also this year, it emerged that car manufacturer Tesla's cloud environment was used in order to mine cryptocurrencies.
Attacks such as these demonstrate why cyber security is on the national agenda for governments and firms in the UK and Europe. In November 2016, the UK government launched its National Cyber Security Strategy, setting out plans to make Britain more secure and resilient in cyber space.
In 2017, the National Cyber Security Centre warned that UK critical infrastructure such as power stations is at risk of attack, citing Russia as a major threat to national security. This will become even more important to both the UK and its European neighbours as the country prepares to leave the EU in 2019.
According to the PwC Global State of Information Security Survey 2018, the business impact of cyber-attacks is increasing. But at the same time, more than a quarter of companies (28%) do not know how many breaches they have had.
Although the average total financial cost of incidents decreased this year to £857,000, the impact of breaches was felt more widely across both business operations and data. Indeed, companies faced an average of 19 hours of down-time following an attack. Customer records were compromised at one in four organisations.
According to the PwC, only two in five UK companies (44%) formally collaborate with industry peers to improve security and reduce the potential for future risks, compared with 54% across Europe and 58% globally.
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