India is one of the countries that offer a competitive salary in cyber security. Also, cybersecurity is in demand in the country.
Cyber Security Salary In India Introduction
India is facing a massive cyber security threat. According to a study by the Center for Internet and Society, India falls in the fourth position in the world in terms of cyberattacks.
The study further reveals that the country is followed by China, the USA, and South Korea.
India has seen a 3% increase in cyber crimes related to electronic messages and fraudulent financial transactions in 2018.
An estimate of around USD 2 billion was lost due to cybercrimes in 2018.
Some of the notable cyber attacks on India include a massive attack on Indian banks where hackers stole USD 2 billion. An attack on BSNL through which Indian government data leak. Also, Aadhaar was compromised through which personal data was leaked.
Cyber Security In India Industry Trends & Growth Opportunities
The booming Indian economy coupled with the growth of internet users has created an opportunity for various sectors. Including cybersecurity to grow.
The demand for cybersecurity professionals is growing at a rapid pace as well. With more than 1.2 billion people using the internet, India will become one of the largest internet markets globally.
The country has witnessed exponential growth in e-commerce sales. Also, online financial transactions are increasing at a rapid pace as well.
The growth of artificial intelligence and machine learning has increased the need for qualified professionals who can deal with such threats efficiently.
Cybersecurity firms are hiring skilled professionals at a rapid pace. So if this to continue to grow further at an exponential rate in the future as well.
A few examples include:
- McAfee opened up 100 new jobs in India,
- Cylance opening up 50 new jobs,
- Cisco hiring 500 new employees annually,
- Kaspersky opening up 30 new jobs and
- Symantec opens up 150 new jobs annually.
The demand for IT security professionals will continue to grow as companies seek deeper penetration into global markets. Leading to an increase in demand for cybersecurity skills as well as talent pool during the forecast period 2019-2024.
However, a lack of knowledge and skills among professionals may hinder the growth of this industry in the future.
Advantages Of Cybersecurity Career
1. Demand In India:
India is one of the fastest-growing economies and has a massive population. Therefore, there is a huge demand for cybersecurity professionals in India.
2. Opportunities Outside India
A professional with the requisite skills and knowledge can work in some of the best companies in the world. The opportunities are not limited to only India as well as can be pursued abroad as well.
3. Ethical Hacking Career
An ethical hacker is someone who uses their technical skills to prevent security threats from hackers and organizations. Also, ethical hacking is emerging as a career option for tech-savvy youngsters.
4. Job Satisfaction
A career in cybersecurity involves dealing with challenges and creating solutions that can help organizations and individuals around the world. Also, it involves working with cutting-edge technology which can be an exciting experience for job aspirants.
All this can be highly satisfying for job aspirants searching for opportunities to work in an environment. It provides challenges and challenges them intellectually every day.
5. Career Growth
Cybersecurity provides an opportunity to grow and develop as a professional by learning new skills, technologies and gaining experience.
There is a huge scope for career growth in the cybersecurity sector. Also, with new technologies emerging every day, professionals will continue to deal with new challenges which will enhance the growth of their careers as well.
This is expected to boost the career prospects of professionals working in this sector in the future as well.
