10 Statistics That Show Why a Cybersecurity Career Is a Great Choice

10 Statistics That Show Why a Cybersecurity Career Is a Great Choice

Posted By Patrick Oney on March 29, 2019

The era when computers and robots take over human jobs has been predicted for centuries. From the time of the industrial revolution, machines have been replacing tasks that once consumed so much of human energy, freeing our minds for more advanced thought. But technology is increasing at a rate like never before. Astoundingly, today's computers double their capabilities1 every twelve to eighteen months. This is a thrilling time for those looking for a career in the tech industry, and especially for those interested in cybersecurity.  

The Need for Cybersecurity

Along with the rise of technology, high-profile data breaches are becoming more and more common. In 2018, major tech companies like Facebook and Orbitz2 admitted massive data breaches that have made their customers more concerned about internet privacy than ever before. This means that the need for cybersecurity is on the rise, as companies scramble to keep their computer networks and systems protected. The Bureau of Labor Statistics3 predicts that employment in the cybersecurity industry will grow by 28 percent from 2016 to 2026, which is much faster than the average occupation growth. This means that 28,500 people will be joining the industry. These important workers will help create innovative solutions to keep hackers from stealing private information.  

Convincing Statistics

If you're interest is piqued, keep reading, because we've gathered ten statistics to show why cybersecurity is a great career choice for anyone interested in technology.  

1. Hackers Are Targeting the Internet of Things

Known as the “Internet of Things” (IoT), smart devices like Apple watches, smart speakers, smart appliances, and more are becoming a new target for hackers.4 These devices have not been built for cybersecurity and will require new advances to keep them safe.  

2. Cybercrime Is More Profitable Than Illegal Drugs

Criminals will do anything for the money, and statistics show5 that cybercrime is now an even more lucrative industry than the sale of illegal drugs. This means more criminals will be jumping on the bandwagon. Cybercrime is now the biggest threat to every company, and is even being called one of humanity's biggest problems. This will require intelligent and innovative thinkers to take on the projected issues at hand.  

3. Cyber Attacks Are Expensive

U.S. organizations are spending an average of $11.7 million6 annually to protect themselves from cybercrime, and the budgets for such protections are only growing. Companies that do experience a malware attack spend an average of $2.4 million cleaning up the aftermath of the attack. This means cybersecurity job salaries will increase as companies are willing to spend more to keep data safe.  

4. The Majority of Millennials Have Been the Target of Cybercrime

Millennials are a driving force of many companies' decisions, and the cybersecurity industry is no exception. Studies show7 that 53 percent of millennials have been the victim of cybercrime, in part because they are the most technologically savvy portion of the population. This means that the many companies catering to millennials will be upping the ante when it comes to cybersecurity.  

5. Cybersecurity Employment Rates Are Incredibly Low

There will be an estimated 3.5 million cybersecurity jobs8 by 2021. Despite this staggering number, there will still be a shortage of educated cybersecurity professionals ready to take on the issues facing the world's organizations. This means cybersecurity unemployment rates will be approaching 0 percent. In short, anyone with a degree in cybersecurity will not have to look far for a great job opportunity.  

6. The Internet Is Expanding Rapidly

The internet is growing at an astounding speed. While there were 2 billion internet users5 in 2015, there were 3.8 billion in 2017 and 4 billion in 2018. This means there will be more than 7.5 billion internet users by 2030, which will be more than 90 percent of the population over the age of six. With more people on the internet comes more opportunity for hackers to do damage and steal private information. The bigger the internet grows, the more cybersecurity professionals will be needed in the workplace.  

7. Customers Will Leave an Organization After a Data Breach

According to the Edelmann Privacy Risk Index9 71 percent of customers report that they would leave an organization after a data breach. This means companies are taking cybersecurity more seriously than ever. If massive companies like Facebook can be hacked, any company could be at risk.  

8. Cloud Computing Increases Cybersecurity Risks

Though cloud computing eliminates the risk of losing data due to hard drive crashes, it also increases security risks. IT experts say cloud computing will make it harder for companies to protect confidential data and internal software. Still, cloud computing is important for businesses as it reduces costs10 and increases the accessibility of information. This means it will be up to cybersecurity experts to find new ways to make this vital technology more secure.  

9. Mobile Malware Is on the Rise

Most people spend about 5 hours11 on their smartphone every day. Mobile platforms are increasingly the place where people shop, read, socialize, and even work. Hackers are taking advantage of this trend, and mobile malware is on the rise12. App developers and phone creators will be investing in cybersecurity research to make sure they can fight to keep these spaces safe for their customers.  

10. The U.S. Is the No. 1 Target of Hackers

Data breaches happen all over the world. In fact, cybercriminals are predicted to steal 33 billion records12 from around the world in the year 2023. But unfortunately, more than half of all data breaches will occur in the United States in the same year. The United States has a vast amount of consumer and corporate data storage, making the country especially prone to data breaches. This means America will need to hire more cybersecurity experts than any other country in the world.  

Get Your Degree in Cybersecurity Today

If you're ready to join the world of cybersecurity and networking, there's no time like the present. You'll launch an exciting career at the forefront of new technology and development. As the rate of cybercrime increases, employers will be knocking at your door asking you to play an important role in protecting private data. Enroll in a Cybersecurity & Networking or Networking and Information Systems Security program at Stevens-Henager College today. We offer flexible, affordable degree programs to help you start a successful career in 36 months. Learn more by requesting information today.       Sources:
  1. http://theemergingfuture.com/speed-technological-advancement.htm
  2. https://blog.barkly.com/biggest-data-breaches-2018-so-far
  3. https://www.bls.gov/ooh/computer-and-information-technology/information-security-analysts.htm#tab-6
  4. https://www.beyondtrust.com/blog/entry/beyondtrust-2019-security-predictions
  5. https://cybersecurityventures.com/how-many-internet-users-will-the-world-have-in-2022-and-in-2030/
  6. https://www.accenture.com/us-en/insight-cost-of-cybercrime-2017?src=SOMS
  7. https://www.arabianbusiness.com/2-5m-uae-consumers-said-be-hit-by-cyber-crime-in-past-year-653743.html
  8. https://www.gomindsight.com/blog/cybersecurity-statistics/
  9. https://www.agcs.allianz.com/insights/expert-risk-articles/risk-future-cyber/
  10. https://www.sysgroup.com/resources/blog/10-cloud-computing-statistics-2018
  11. https://hackernoon.com/how-much-time-do-people-spend-on-their-mobile-phones-in-2017-e5f90a0b10a6
  12. https://us.norton.com/internetsecurity-emerging-threats-10-facts-about-todays-cybersecurity-landscape-that-you-should-know.html