Demand forces companies to increase salaries of Cybersecurity Professionals

As the demand for Cybersecurity Professionals is increasing, companies are finding it difficult to find the experienced workforce to defend their IT environments. And because of this trend, those already experienced in the field are witnessing a salary hike, as the company heads are worried that these classy workforce might turn into jumping jacks soon.

A survey conducted by research firm in UK has found that Cyber Threat Intelligence (CTI) professionals who were earning around £110,000 have witnessed a 23% hike in their salary in the past couple of years. And those having a background of ex-military, law enforcement and education are in great demand.

Also, IT professionals who are looking to go for a change-over in their profession are finding it easy to bag CTI roles in private sector just with some certifications on paper.

“All these days, Cybersecurity professionals were just seen as a luxury to organizations. But now, they have become a necessity, especially when a major section of private workforce are working from home because of COVID-19 Pandemic”, says Mayuri Parthasarthy, working as a Security Analyst at McAfee.

While all these updates are enough to bring a smile to those in the profession of Cybersecurity, Cisco Talos predicts that the year 2021 will put a lot of pressure on this workforce as a lot of internet users will be confronted by sophisticated hackers.

As large companies will have a large buyout, the cyber criminals will target mostly multinationals as these companies can pay out big.

So, security experts need to be proactive to have a comprehensive understanding of threats that their organization is about to face.

Note- An Information Security Manager is receiving a yearly pay package of $256,000 on an average in United States. And a Cybersecurity Engineer’s salary is between $130,000- $210,000; Application Security Engineer- $120,000- $180,000; Cybersecurity Analyst- $90,000- $ 160,000; Penetration Testing Profession- $86k to $130k; Network Security Engineer- $136,000- $185,000.

Naveen Goud
Naveen Goud is a writer at Cybersecurity Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security

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