We live in a world that is interconnected. It’s hard to believe that what started as a few huge computers in the 1970s has evolved into billions of connected devices ranging from personal computers to mobile phones to Internet of Things (IoT) devices. However, the introduction of personal computing has come at the cost of increased security concerns in everyday life. Similarly, the threat of a network-enabled cyber attack against businesses has skyrocketed. Threats can happen everywhere on the internet where there is a possible hole that hackers might exploit, such as through phishing emails, spoof social media posts, or compromised hardware. The risk of assault and disruption escalates as the number of devices grows.

With the widespread adoption of cloud computing, new security threats have emerged. According to IDG’s enterprise cloud computing survey, private clouds will be used by 28% of all organizations as part of their IT infrastructure. This is in addition to the approximately 32% who will use public space or a hybrid cloud computing strategy. According to Cisco’s cloud computing market study, 83 percent of all data center traffic will be cloud-based in the near future. In the years ahead, this increase, together with future spending increases stated in the Forrester Research research, will boost the need for enhanced cyber security measures.

The Cost of Security

In terms of both cash and reputation, cyber security breaches are costly and devastating to any firm. According to a recent poll, 43% of businesses have experienced a data breach involving sensitive customer or business data in the last two years. According to this data, every year two out of every five firms experience a severe breach involving a considerable amount of confidential data.

It seems like there isn’t a week that goes by without at least one news story about a data breach. It’s possible that a store’s credit card information was taken. It’s possible that a health insurance provider has misplaced the records of those they insure. The government loses clearance documents, and what were intended to be private emails are suddenly available on activist websites. No entity, private or public, appears to be immune to cyber attacks.

The nature of cyber attacks is rapidly changing. Initially, the most prevalent target was email, like as letters from ‘banks’ requesting account information or even an inheritance claim from an unknown cousin. As computing technology matured, cyber attacks evolved into larger-scale operations that no longer target individuals but rather businesses ranging from the financial markets to the government sector. The cost of modern cyber attacks cannot be quantified solely in terms of monetary losses; intangibles such as reputation must also be considered. According to IBM studies, the average cost of a data breach is $3.62 million, which is too much for many businesses.

The Importance of Cyber Security Skills in Organizations

Criminals’ talents often outstrip the ability of security specialists inside firms as technology becomes more advanced. The amount of successful attacks is confirmation of this. Engineers that are qualified and well-trained are in high demand as the relevance of cyber security grows.

People with the abilities to secure networks and protect systems, computers, and data against assault, damage, and/or unauthorized access are in high demand.