The Demand for Cybersecurity Drives Acknowledgment, Opportunities, and Investments [Weekly Cybersecurity Brief]

It is no secret that the news stories of issues related to cybersecurity have been fairly dominant. At the same time, an unprecedented recognition of cybersecurity’s role is also occurring. As that recognition comes from critical places such as the White House, a reflection of such demand is also developing in the growth of cybersecurity professions and boom in investments.

 

Washington Post Columnist Joe Davidson summarized moves made by the Biden administration this week to advocate for further cybersecurity measures. Of those actions were the selections of Chris Inglis as national cyber director and Jen Easterly as a leader with the Cybersecurity and Infrastructure Security Agency. As pointed out though, these newly chosen leaders have a lot to handle once they are able to jump into their roles. According to the article, there have been over 40 reports issued since 2018 concerning cybersecurity, and one of the newest essentially recommends structuring a system and response from scratch. Among the other challenges that the Government Accountability Office outlined are securing “federal systems and information,” protecting “cyber critical infrastructure” and protecting “privacy and sensitive data.” Another task within governmental cybersecurity is filing out the need for a workforce equipped with the skills to respond to growing needs.

 

Working for the government is certainly a path that a cybersecurity professional can take, but there are many even more specific focuses that a career in this field can tap into. However, as Jason Lawrence, principal architect at AT&T Cybersecurity, wrote in Infosecurity Magazine, “Understanding what positions are available within cybersecurity can be difficult.” Therefore, he broke down some of the options that someone seeking out a position in the industry has to consider. One option is Security Operations Center Analyst which comes with responsibilities such as threat analysis and overseeing aspects such as firewalls. There is also a Network Security Engineer who carries out setup, monitoring and maintenance. Additionally, one can be a Cloud Security Engineer or even an Ethical Hacker. Lawrence rounded out his list with positions like Digital Forensics and Incident Response Analyst, who often comes in to examine and contain a threat, and a Governance, Risk and Compliance Analyst, a specialist in understanding legal guidelines that must be met.

 

Regardless of the track, the market for such jobs is likely to experience a steady demand especially as investments in cybersecurity continue to grow. According to Chris Metinko of Crunchbase, “The first quarter of this year saw more than $3.7 billion invested globally into cybersecurity.” Not only is this figure record breaking, but it means that the industry could see around $15 billion in investments by venture firms. Some of the reasons for this expansion include ones that we have touched on before such as the changes brought on by the COVID-19 pandemic, the increase in space for cyber criminals to operate in and news such like the Solar Winds attack. But transitions among companies to cloud-based systems are also guiding such demand as well as security for practices such as video conferencing and messaging. And, as cybersecurity companies continue to perform well, investors are expected to maintain their interest. 

Key Takeaways:

“Biden’s picks to shore up the federal government’s cybersecurity face a big task ahead” – Joe Davidson, Washington Post

https://www.washingtonpost.com/politics/biden-administration-cybersecurity/2021/04/15/c3c6f2c6-9d59-11eb-8a83-3bc1fa69c2e8_story.html

  • The Biden administration took steps to further advocate for cybersecurity with the selection of new cybersecurity leaders Chris Inglis and Jen Easterly.
  • The challenges faced in cybersecurity have been outlined by the Government Accountability Office including securing “federal systems and information,” protecting “cyber critical infrastructure” and protecting “privacy and sensitive data.”
  • Also, on the list of tasks is to grow the workforce of professionals with the cybersecurity skills to respond to such needs.

 

“Understanding Education and Certifications to Help Find Your Path in Cybersecurity” – Jason Lawrence, Infosecurity Magazine

https://www.infosecurity-magazine.com/opinions/education-certifications-path/

  • There are a number of options for career paths and certifications for those interested in cybersecurity.
  • However, understanding the requirements or roles of each may be complicated.
  • Jason Lawrence, principal architect at AT&T Cybersecurity, breaks down roles such as Security Operations Center Analyst, Network Security Engineer, Cloud Security Engineer, Penetration Tester/Ethical Hacker, Digital Forensics and Incident Response Analyst and Governance, Risk and Compliance Analyst.

 

“Where VCs Are Putting Their Money as Cybersecurity Funding Hits Record High” – Chris Metinko, Crunchbase

https://news.crunchbase.com/news/where-vcs-are-putting-their-money-as-cybersecurity-funding-hits-record-high/

  • Cybersecurity is seeing record-breaking investments.
  • In the first quarter of this year, more than $3.7 billion was invested globally.
  • Reasons for this growth include impacts of the pandemic, increase in concern over cybercriminal activity and the expansion in use of systems such as cloud technology.
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