RISE OF CY­BER SOL­DIERS

AN EX­PECTED 1.5 MIL­LION JOBS WILL BE GEN­ER­ATED IN THE CY­BER SE­CU­RITY IN­DUS­TRY BY 2019

India Today - - LEARNING - TARUN WIG CO-FOUNDER, INNEFU LABS, AN IN­FOR­MA­TION SE­CU­RITY CON­SULT­ING COM­PANY, DELHI

Busi­nesses can­not op­er­ate with­out the in­ter­net. While the ben­e­fits of the dig­i­tal revo­lu­tion sur­pass the pit­falls, one can­not take risks like data leaks and losses lightly. Cy­ber crim­i­nals are not only tar­get­ing big cor­po­rate houses; gov­ern­ment agen­cies, banks, and re­search in­sti­tutes are also fac­ing prob­lems with hack­ing and spy­ing fre­quently. This is the prime rea­son for the bur­geon­ing of in­for­ma­tion tech­nol­ogy (IT) se­cu­rity com­pa­nies and the ris­ing de­mand for cy­ber se­cu­rity pro­fes­sion­als. This space is a lu­cra­tive ca­reer op­tion at the mo­ment.

Sky­rock­et­ing de­mand, but short sup­ply

The cy­ber se­cu­rity mar­ket is ex­pected to grow from $75 bil­lion in 2015 to $170 bil­lion by 2020, which is al­most a 100 per cent in­crease. A 2015 re­port by Cisco stated that by 2019, there will be a need for six mil­lion cy­ber se­cu­rity pro­fes­sion­als glob­ally, but the world would not be able to meet the de­mand due to dearth of skilled man­power in this do­main. In the US alone, more than 2.09 lakh cy­ber se­cu­rity jobs are un­filled ac­cord­ing to the Bu­reau of La­bor Sta­tis­tics (BLS). The In­dian IT se­cu­rity mar­ket, on the other hand, is ex­pected to grow by eight per cent an­nu­ally. It was worth $77 bil­lion in 2015. A re­cent re­port by NASSCOM stated that cy­ber se­cu­rity ser­vices would gen­er­ate rev­enue of over $35 bil­lion in In­dia an­nu­ally and ef­forts to pro­tect data shall lead to em­ploy­ment op­por­tu­ni­ties for about one mil­lion pro­fes­sion­als. With de­mand out­weigh­ing sup­ply and trends en­sur­ing ex­po­nen­tial fu­ture growth, a ca­reer in cy­ber se­cu­rity is placed eighth among the 100 best jobs in the US News and World Re­port, 2015 with an­nual growth rate of 36.5 per cent.

At­trac­tive salary

Sev­eral stud­ies con­firm that cy­ber se­cu­rity pro­fes­sion­als earn bet­ter than other IT per­son­nel. A ca­reer in cy­ber se­cu­rity as­sures a hand­some salary, job se­cu­rity and bet­ter op­por­tu­ni­ties for pro­fes­sional growth at a faster pace. An av­er­age cy­ber se­cu­rity pro­fes­sional in In­dia earns around `7.8 lakh an­nu­ally.

The growth graph

With de­pen­dence on the in­ter­net, threats of con­fi­den­tial and data get­ting leaked or stolen from cy­ber space re­main high. A NASSCOM re­port sug­gests a grow­ing need for cy­ber se­cu­rity pro­fes­sion­als in In­dia in the com­ing years, not only as em­ploy­ees but also as en­trepreneurs. Cy­ber se­cu­rity con­sul­tan­cies would see a sharp growth in the near fu­ture, cre­at­ing a large num­ber of jobs in the mar­ket. If you have an ap­ti­tude and pas­sion for cy­ber se­cu­rity, the scope of growth is quite high.

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