{"id":4962,"date":"2018-07-31T08:40:48","date_gmt":"2018-07-31T07:40:48","guid":{"rendered":"https:\/\/citysecuritymagazine.com\/?p=4962"},"modified":"2018-08-07T13:17:37","modified_gmt":"2018-08-07T12:17:37","slug":"careers-advice-cyber-salaries","status":"publish","type":"post","link":"https:\/\/citysecuritymagazine.com\/security-careers\/careers-advice-cyber-salaries\/","title":{"rendered":"Rising cyber salaries in the corporate world"},"content":{"rendered":"

Cyber – its value in the corporate world<\/strong><\/h1>\n

The value of professionals in the cyber space cannot be underestimated. There is an open, flexible market with demand for personnel outstripping the available resources due to organisations, government and commerce, putting different labels on roles, which has a confudling effect around like for like roles.<\/p>\n

The changing threat landscape<\/h6>\n

As recent events show, the threat from cyber is ever evolving: it is easy to buy 5m email addresses and send each of them an infected message, with a 1 in 1m chance of success. Ransomed hostage taking is a peculiar part of the criminal fraternity, not usually aggressive, but clever tactically, a grown up crime, hardly prosecuted, but believed to raise hundreds of millions in Euros across Europe each year. The Insider Threat accounts for more than 70% of intrusions. If security transgressions are managed solely in the information technology team, they may not join up the information dots in the broader sense of organisational risk. But there is often a big gulf on successful organisational application.<\/p>\n

What price cyber protection?<\/h6>\n

With this changing threat landscape, those with responsibility for cyber have to effectively articulate to the boardroom how this will be managed, sensibly and within a budget. Human talent can be grown internally, as we see with GCHQ, the Police and our Services. But the rewards through a general shortage of talent soon attract them into the private sector. Is this a spike or a trend?<\/p>\n

If we cannot reset fears of some corporate board members, then cyber protection will become a $20 bn annual spend on par with compliance.<\/p>\n

The General Data Protection Regulation (GDPR) (Regulation (EU) 2016\/679) which applies from 25 May 2018 should also be of great concern to organisations, as the penalties for failure are more greatly enhanced than previous data protection regulations. Losing your data in a hacking attack will open the organisation to prosecution.<\/p>\n

So, for the near to medium term, jobs within the cyber matrix will increase annually 2-3 times the rate of job inflation as corporations come to a sensible form of defence whilst trying to maintain a budget.<\/p>\n

Recent results<\/h6>\n

The latest Tech Cities Job Watch Report takes a closer look at the increasingly important IT Security sector. Some of the key findings include:<\/p>\n