May 20, 2019  |  Purdue University Global

Corporate spending on security-related hardware, software, and services will reach $120.7 billion by 2021, according to a forecast by International Data Corporation. This increased spending is linked to a spike in data breaches affecting businesses and consumers alike. The Identity Theft Research Center reports that more than 446 million sensitive records were exposed in 2018.

Demand for cybersecurity professionals has skyrocketed in recent years. According to the Bureau of Labor Statistics, employment of information security analysts is expected to grow 28% from 2016 to 2026, with the greatest rate of growth anticipated within the field of computer systems design and related services.

In this infographic, we explore the growing demand for cybersecurity professionals and the industry trends that drive such demand, including:

  • Business costs associated with data breaches
  • The industries at the most risk for falling victim to cybercriminals
  • The cybersecurity roles with the most employment potential
  • States with the most need for cybersecurity experts
  • The most in-demand certifications

Cybersecurity remains one of the most promising industries in which to pursue a career, especially as demand shows no sign of slowing. With businesses relying more and more on data to drive revenue and growth, cybersecurity experts will play an integral part in our economic future.

Cybersecurity by the Numbers Infographic

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Cybersecurity by the Numbers [Infographic] Content

The High Cost of Data Breaches

While the total number of data breaches is down in recent years, costs are up.1

Average Total Cost of a Data Breach

  • $3.86 million in 2017
  • 6.4% increase from 2016

Cost per Stolen Record

  • $148 in 2017
  • 4.8% increase from 2016

Number of breached records containing personally identifiable information (PII) up 126% from 2017 to 20182 

Annual Cost

The annual cost of global cybercrime damages is estimated to increase to $6 trillion by 20213

Data Breaches by Industry4 in 2018

  • 46%—Business
  • 29%—Medical and health care
  • 11%—Banking/credit/financial
  • 8%—Government
  • 6%—Education

Data Breach Causes in 2018

  • 39%—Hacking
  • 30%—Unauthorized access
  • 12%—Employee error/negligence
  • 9%—Accidental exposure
  • 4%—Physical theft
  • 3%—Insider theft
  • 2%—Data on the move*

*Data on the move” is defined as those breaches that occur when a laptop or flash drive is stolen, backup tapes are lost in the mail, etc.

Demand for Cybersecurity Professionals

Today

Over 300,000 open cybersecurity jobs from September 2017 through August 20185

The Most Postings in

  • California—36,602
  • Virginia—33,530
  • Texas—24,835
  • Maryland—15,128
  • New York—14,698

Top Roles

  • Cybersecurity engineer
  • Cybersecurity analyst
  • Network engineer/architect
  • Cybersecurity manager/administrator
  • Systems engineer
  • Software developer/engineer
  • Systems administrator
  • Vulnerability analyst/penetration tester
  • Cybersecurity consultant

Tomorrow

From 2016 to 20266

  • Information security analyst careers expected to grow by 28% percent
  • Additional 28,500 information security analyst jobs in the U.S.

The Cybersecurity Skills Gap7

Management
Frequency this skill was listed in cybersecurity job postings: 66%
Frequency this skill was listed in online workforce profiles: 57%

Operations 
Frequency this skill was listed in cybersecurity job postings: 44%
Frequency this skill was listed in online workforce profiles: 42%

Information Technology
Frequency this skill was listed in cybersecurity job postings: 39%
Frequency this skill was listed in online workforce profiles: 44%

Communications
Frequency this skill was listed in cybersecurity job postings: 32%
Frequency this skill was listed in online workforce profiles: 21%

Infrastructure
Frequency this skill was listed in cybersecurity job postings: 29%
Frequency this skill was listed in online workforce profiles: 26%

Most In-Demand Certifications7

  • Certified Information Systems Security Professional (CISSP)—77,492 job openings requesting certification
  • Certified Information Systems Auditor (CISA)—44,948 job openings requesting certification
  • Global Information Assurance Certification (GIAC)—36,558 job openings requesting certification

About the Author

Purdue University Global

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