Cybersecurity is a very large field, filled with many specialized jobs that require a large variety of skills. Though it seems silly to point this out, it is sadly necessary to state that "cybersecurity expert" is not an actual job title. The hardest part of getting a cybersecurity career is knowing how each individual component works. For example, if you want to be a security analyst, you might have to understand coding, cybersecurity law, binary exploration, and reverse engineering. So how is one to start delving into all these facets?
That's how many unfilled cybersecurity jobs there are expected to be by 2021 -- more than the entire population of Iowa -- according to Cybersecurity Ventures. It's also up from 1 million in 2016, a 250% increase in five years, at a time when cybersecurity is becoming even more vital to protecting our way of life. The industry has been talking about this talent gap for some time, but the speed at which the problem is growing is startling. And unless we do something to address the issue, things will keep getting worse, putting not only the future of the cybersecurity industry at risk but jeopardizing the safety of millions of individuals, businesses, and institutions worldwide. To cure the problem, we must first understand the root cause.
It can be easy to lose sight of the innovation in the cybersecurity industry amidst the frequent news about breaches and increasingly sophisticated hackers. Among all the chaos, there are also many promising innovations are gaining traction and could change the way enterprises conduct business. So far this year, there have been three key cybersecurity developments including blockchain, cloud security, and machine learning/artificial intelligence (AI). Michael Whitener, VLP Partner, sat down with Inside Counsel to discuss the new cybersecurity developments of 2017 and how they will affect the future of the industry.
In this guide, we look at some of the latest innovations that are helping companies to defend themselves against cyber attacks in 2020. The words of the former FBI Director, Robert Mueller, ring true in 2020: "There are only two types of companies: those that have been hacked, and those that will be." The rapid growth of criminal software development coupled with the cybersecurity skills shortage have also contributed to the rise in cyber attacks. As such, it is more important than ever for IT teams to be vigilant in their security practices and policies. Bromium estimates that the cybercrime economy is currently worth $1.5 trillion.