The Curious Case of Cybersecurity: Unlocking 3 Million Jobs Via A Simple Course Correction - BW Businessworld

The Curious Case of Cybersecurity: Unlocking 3 Million Jobs Via A Simple Course Correction - BW Businessworld

For the cybersecurity industry, the year 2018 was anything but good as a series of large-scale cybersecurity incidents took place across the globe. These incidents include the infamous Facebook security breach that affected more than 50 million users, Quora breach that affected more than 100 million users, and the massive Marriott International breach that compromised sensitive information of up to 500 million Marriott hotel guests.


Today, the size and scale of global cyberattacks have increased as we have stepped into a novel age of cybercrime with a blend of cyberespionage and cyberwarfare. Cybercriminals are targeting our dynamic IT infrastructure with more evasive and advanced technologies as well as unique TTPs (Tactics, Techniques, and Procedures) and attack vectors. This is making the demand for avant-garde cybersecurity procedures and forward-thinking cybersecurity professionals overbearing within the industry. According to s study by Cybersecurity Ventures, our global economy will lose $6 trillion annually by 2021 as it will face an acute shortage of 3.5 million skilled cybersecurity professionals. To give you a picture, this economic loss is more than the total GDP target that India – the world’s fifth-largest economy – has set for itself in the coming 5 years. This explains the gravity of the situation that we are facing at present.


However, every challenge is an opportunity. In our context, the current cybersecurity skill shortage opens up avenues for our young and dynamic IT students as the market is offering them superlative career growth trajectory, but only if they are equipped with the right skills. Let us quickly have a look at the scenario and how we can ensure that their academic training is a good market-fit.


Cybersecurity paradigm is changing, and so must the academic training


At present, the global IT infrastructure is growing exponentially as more digital services and novel techno ..

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