How Does Cybersecurity Relate to Cyberattacks?
Cybersecurity is the practice of safeguarding networks, systems, and programs from cyberattacks. These digital attacks are typically targeted at retrieving, altering, or damaging critical data, extorting money from people, or disturbing normal business processes.
As data breaches, hacking, and cyberattacks reach new heights, corporations increasingly rely on cybersecurity specialists to recognize potential risks and protect valuable information. Therefore, it makes sense that the cybersecurity market will likely expand from $173.5 billion in 2022 to $266.2 billion by 2027, which translates into a CAGR of 8.9% from 2022 to 2027.⁶
Combat Cyberattacks With an Industry-Leading Cybersecurity Program
With cyberattacks quickly advancing, there’s a growing need to fill roles that protect data, network security, applications, and computer systems against cybercrime.
According to the US Bureau of Labor Statistics, employment for cybersecurity professionals is expected to increase by 35% from 2021 to 2031, which is much faster than the average for all occupations (5%). Also, you can expect to earn a yearly salary of $102,600, with the top 10% earning as much as $165,920.⁷
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¹ Cisco, “What Are the Most Common Cyber Attacks?” on the internet, at https://www.cisco.com/c/en_au/products/security/common-cyberattacks.html (Viewed Dec. 5, 2022)
² Cybercrime Magazine, “Cybercrime To Cost The World $10.5 Trillion Annually By 2025” on the internet, at https://cybersecurityventures.com/cybercrime-damage-costs-10-trillion-by-2025/ (Viewed Dec. 5, 2022)
³ The National News, “Top 10 Cyber Crime Trends to Watch for in 2022” on the internet, at https://www.thenationalnews.com/business/technology/2021/12/29/top-10-cyber-crime-trends-to-watch-out-for-in-2022/ (Viewed Dec. 5, 2022)
⁴ NetSec.News, “83% of Businesses Experienced a Successful Phishing Attack in 2021” on the internet, at https://www.netsec.news/83-of-businesses-experienced-a-successful-phishing-attack-in-2021/ (Viewed Dec. 5, 2022)
⁵ Infosecurity, “Are Phishing Scams Likely to Go Away Anytime Soon?” on the internet, at https://www.infosecurity-magazine.com/next-gen-infosec/phishing-scams-go-away-soon/ (Viewed Dec. 5, 2022)
⁶ Markets and Markets, “Cyber Security Market by Component (Software, Hardware, and Services), Software, (IAM, Encryption and Tokenization, and Other Software), Security Type, Deployment Mode, Organization Size, Vertical and Region – Global Forecast to 2027” on the internet, at https://www.marketsandmarkets.com/Market-Reports/cyber-security-market-505.html (Viewed Dec. 5, 2022)
⁷ Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, on the internet, at: https://www.bls.gov/ooh/computer-and-information-technology/information-security-analysts.htm#tab-5 (Viewed Dec. 5, 2022)