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Your Cybersecurity Career Outlook: Leading Industries and Roles

Information assurance professionals across the U.S. are investing in advanced education, with the cybersecurity job outlook promising up to 1 million job openings in 2016 alone. * So what could your career look like in the cybersecurity industry?

According to the U.S. Department of Labor, the employment of information security analysts is projected to grow 18 percent from 2014 to 2024, a much faster rate than other occupations. **

Additionally, analysis of 2015 labor figures by Peninsula Press found that more than 209,000 cybersecurity jobs in the U.S. are unfilled, with postings up by 74 percent in the five years leading up to 2015. ***

There is no question: the cybersecurity job outlook is an increasingly positive one, and growing at a rapid pace. But the world of information and cybersecurity is nuanced, and cybersecurity skill needs change from industry to industry.

Which industries are in the most demand for cybersecurity talent? What kind of benefits can you expect from following a career path in cybersecurity?

Why Move into Cybersecurity Now?

There are a number of reasons why IT professionals are moving into the cybersecurity sector.

With demand far outstripping supply, many cybersecurity jobs carry larger than average salaries. According to analysis by SilverBull, the average median chief information security officer (CISO) salary is $223,000. ****

Meanwhile, the International Data Corporation (IDC) predicts that by 2018 three-quarters of chief security officers (CSOs) will report directly to CEOs, elevating their status. *****

A cybersecurity qualification may lead to greater career opportunities, offering more responsibility and higher wages.

The Industries Searching for Skilled Talent

With cybersecurity professionals clearly in demand, which key industries are looking for qualified employees in this field?

Government

The increasing threat of cyber warfare is pushing governments at all levels to invest in new cybersecurity infrastructure and talent. According to the U.S. Department of Labor, the federal government is “expected to greatly increase” its use of information security analysts. In 2016, the United States announced that it will hire more cybersecurity experts to federal agencies. ******

Healthcare

The amount of personal information contained in health records is a prime target for hackers, which is why the healthcare industry is struggling to hire and retain cybersecurity talent. *******

However, research conducted by KPMG found that 80 percent of healthcare providers and payers say their information technology has been compromised by cyber attacks, and just over half say they are prepared to defend against an attack. ********

The Department of Labor identifies healthcare as a growth area, citing that the digitization of records will feed demand for security analysts “needed to create the safeguards that will satisfy patients’ concerns.” Jobs in information assurance will work to secure the data and keep it safe from attack.

Finance

The financial services industries are seeking additional talent. The amount of personal information stored in banks makes them an attractive target and, as a result, banks and other institutions are investing in substantial cybersecurity measures. According to Forbes, J.P. Morgan planned to spend half a billion dollars on cybersecurity in 2016. *********

The financial industry is one of the largest investors in cybersecurity, with a cumulative spend forecasted to exceed 68 billion between 2016–2020. **********

Kick Start Your Cybersecurity Career

Clearly, the cybersecurity job outlook is improving every day. Pursuing a career in cybersecurity will open the door to a wide number of jobs in a variety of industries.

Regis University’s College of Computer and Information Sciences offers a Master of Science in Information Assurance and graduate certificates in cybersecurity and information assurance policy management. Classes are offered online, on-campus, or as a combination of both.

Explore how Regis University can prepare you to make positive contributions to the vital task of keeping data safe. Request more information or call us at 877.820.0581 to speak to an admission counselor.

Visit our Resource Center for more details on the information assurance industry.

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Sources

* http://www.forbes.com/sites/stevemorgan/2016/01/02/one-million-cybersecurity-job-openings-in-2016/#16ca35a77d27

** http://stats.bls.gov/ooh/computer-and-information-technology/information-security-analysts.htm#tab-6

*** http://peninsulapress.com/2015/03/31/cybersecurity-jobs-growth/

**** http://www.forbes.com/sites/stevemorgan/2016/03/15/top-u-s-cybersecurity-salaries-trend-to-420000/#5e4aa7892f7e

***** http://www.cio.co.uk/it-security/seven-reasons-ciso-should-report-ceo-not-cio-3634350/

****** https://www.whitehouse.gov/the-press-office/2016/02/09/fact-sheet-cybersecurity-national-action-plan

******* http://www.modernhealthcare.com/article/20151024/MAGAZINE/310249962

******** https://assets.kpmg.com/content/dam/kpmg/pdf/2015/09/cyber-health-care-survey-kpmg-2015.pdf

********* http://www.forbes.com/sites/stevemorgan/2016/01/30/why-j-p-morgan-chase-co-is-spending-a-half-billion-dollars-on-cybersecurity/#2680270d2a7f

********** http://www.prnewswire.com/news-releases/us-financial-services-cybersecurity-systems--services-market--2016-2020-300243483.html