Cyber Security - Importance & Opportunities

In the current pandemic situation where 'work from home' is a reality for most and Digital services are on the rise, threat of cyber-attacks has intensified significantly. Cyber Security has become more important than ever in today's Digital Lifestyle. It's appalling that Cyber Security is no more a considerable matter just for security experts and web admins to take care of. Hackers and cyber attackers no more target only companies and corporations, but individuals too!

The prime solution is to find opportunities to fight these threats back! There are over 4M open positions in Cyber Security across the globe based on a study done by ISC2 - 2019 ISC2 Cyber Security workforce. On the face of it, 3 main factors driving the need for Cyber security skills are 1. Digital Transformation 2. Increasing cyber threats 3. Regulation requirements.

On the other hand, Cyber Security services industry is expected to grow over 21% CAGR to reach 7.6B USD in 2022. As it's difficult to find the right talent, over 37% enterprises are focusing on upskilling/reskilling their existing workforce so as to combat cyber-attacks according to a study done by NASSCOM DSCI - India Cyber Security services landscape.

What could be the way forward? Let's hear from the experts!