Why is Cybersecurity Important?

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Cybersecurity abstract with image of lock and transparent background

In recent years, cybersecurity has become a buzzword in nearly every industry. When you consider the number of digital platforms and highly sensitive data being used, it isn’t surprising that security for cyber activity has become increasingly important.

In the current digital landscape, the opportunities for attack seem to be endless – but cybersecurity professionals are also establishing strong protection techniques to keep threats at bay.

Using the latest IT trade secrets, cybersecurity professionals curb the activities of cyber criminals and prevent data breaches.

Increasing threats and the cost of cybercrime

There are now more than 900 million different types of malware, created by cybercriminals and detected by cybersecurity professionals. (AV Test Institute, 2019) Data breaches also increased by more than 50% in 2019, compared to the previous four years.

Overall, more than 3,800 breaches had been reported as of August 2019. (Tech Republic, 2019). New malware capabilities, combined with an increase in data breach events, have driven up the total cost of cybercrime. On average, cybercrime costs the U.S. about $27.4 million annually. By 2023, experts estimate that the global cost of cybercrime will reach $5.2 trillion. (Raconteur, 2019)

Hackers are using advanced strategies to trick users into giving them access to sensitive data or systems. In one instance, executives at a Dutch movie theater chain were scammed by detailed email messages, appearing to come from their parent company. The victim recipients wire transferred a total of $21.5 million before they realized the emails were sent by cybercriminals (Alvaka, 2019).

What do cybersecurity professionals do?

In some cases, Cybersecurity professionals work within the corporation itself, serving as the main IT security specialist. Others may work at third-party providers or in consulting capacities.

There are various roles – entry level to executive – where cybersecurity professionals can use their skills, including:

  • Information security analyst: In this position, professionals are responsible for tasks like monitoring networks for security breaches and encrypting sensitive data. Analysts also research current IT security trends and develop security standards and best practices. These individuals can earn a median annual wage of approximately $94,120 to $102,620, depending on the industry in which they work. (U.S. Bureau of Labor Statistics, 2018).
  • Cloud security architect: An increase of organizations migrating their assets to cloud-based servers brings a demand for cybersecurity professionals with skills in cloud computing, data migration and remote server management. A cloud security architect’s role and responsibilities can include securing cloud environments against unauthorized users, and ensuring compliance with laws and industry best practices. These professionals are responsible for securing cloud environments against any unauthorized access or other cyber threats. They also must ensure that data stored in the cloud is governed according to industry best practices and compliance laws. These professionals can make a median salary of approximately $124,882 (Study.com, 2017).

Pursuing a career in cybersecurity

One of the best ways to pursue a career in this industry is to earn a degree like the Online Master of Science in Cybersecurity from the University of Nevada, Reno. In this program, students learn key skills in:

  • Information security
  • Internet security related to social media, bank accounts and other assets
  • Best practices for preventing theft of personal information such as Social Security numbers
  • Current cyber threats, and the strategies cyber criminals use to support data breaches

For more information about how this type of degree can put you on the path toward an exciting career in cybersecurity, check out our website. Connect with one of our expert enrollment advisors today.

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Sources:

AV Test Institute

Tech Republic

Raconteur

Alvaka

Upguard

Bureau of Labor Statistics

Study.com 

University of Nevada, Reno – Online Master of Science, Cybersecurity