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Cybersecurity: Your Complete Guide
According to the FBI's Internet Crime Report, Americans suffered losses of over $12 billion in 2023. That number has grown substantially year over year. Global cyberattacks increased by 38% from 2021 to 2022, and Check Point Research warns that artificial intelligence may cause further increases in years to come. There are not enough experts to keep up with the ever-changing hardware, software and connectivity threats. Business, IT, and security professionals looking for a rapidly expanding industry with promising job growth potential should consider cybersecurity careers. A reputable online cybersecurity MS degree program will leverage experienced faculty and industry partnerships to help students develop into experts in the field. A comprehensive review of the cybersecurity industry shows that practitioners thrive in their careers while providing essential services to the global economy.
What Do Cybersecurity Professionals Do?
Cybersecurity professionals may be tasked with protecting everything from company smartphones to globally accessed databases from attacks. Information security analysts, engineers and executives need to understand the scope of online attacks before developing defenses and remedies.
Professionals should be able to identify and protect against many types of cybersecurity threats, including:
- Malware: Malicious software is introduced into a target's system to block access or obtain information. Malware can take many forms, including viruses, worms, Trojans, spyware, adware, and ransomware. Malware can steal data from targets or damage devices to prevent further use and information retrieval.
- Phishing: Phishers mask themselves as known sources to extract routing numbers, credit card information and log-in credentials. Fraudulent text messages, phone calls, emails, and voicemails are used to obtain information from phishing targets. The FBI's Internet Crime Complaint Center received over 800,000 complaints in 2022, and phishing was reported more often than any other type of cyberattack.
- Man-in-the-middle: A party can use unsecured wireless access or malware to stand between the user and the network, thereby gaining access to sensitive information. This is one of many identity-based attacks that can be difficult to detect without extensive cybersecurity knowledge.
- Code injection attacks: SQL injections and cross-site scripting (XSS), among others, involve inserting malicious code into a device or network, changing the course of action from its intended purpose.
- Distributed Denial-of-service (DDoS): A party sends overwhelming requests to a target's server or network, tying up assets and creating system vulnerability.
- Supply Chain Attacks: Attackers compromise a less secure element in a software or hardware supply chain (e.g., a legitimate software update server, a third-party library, a hardware manufacturer) to introduce malicious code or backdoors into widely used products or services.
- Cloud Security Breaches / Misconfigurations: With increasing adoption of cloud services, attackers exploit misconfigured cloud resources (e.g., publicly exposed storage buckets, overly permissive IAM roles), weak cloud APIs, or compromised cloud credentials to gain unauthorized access to data and resources.
- Advanced Persistent Threats (APTs): These are sophisticated, prolonged cyberattacks where an intruder establishes a long-term, stealthy presence within a network to exfiltrate highly sensitive data rather than causing immediate damage. Often state-sponsored or highly organized criminal groups.
Examples of Large-Scale Cybersecurity Issues
The types of cyberattacks listed above can lead to widespread data breaches, which are expensive to solve and potentially ruinous to a target’s reputation. A data breach in the United States in 2023 cost targets an average of $4.45 million. IBM Security found that the United States has been the global leader in data breach costs for 13 years, proving that more cybersecurity experts are needed in today’s technological landscape.
Harvard Business Review studied the effects of a cybersecurity attack. They found that a data breach increases the company's cost of doing business, which can, in turn, diminish the company's market value and credit rating and cause higher prices for consumers. With effects this devastating, a widespread breach could be the demise of some companies.
In the early months of 2024, Americans have already seen some of the most widespread cybersecurity attacks.
In February of 2024, Change Healthcare, a large medical claim processing company, fell victim to one of the largest breaches of medical records in history. The breach affected sensitive information like medical records, billing payment data, social security numbers, and health insurance details for up to one-third of Americans.
The same month, Prudential Financial underwent a ransomware attack that affected 2.5 million customers. Both Change and Prudential have offered two years of identity theft and credit monitoring services to affected customers at no cost.
In 2023, 37 million T-Mobile customers were affected by a breach that leaked names, addresses, and dates of birth. The company stock dropped nearly 1.5% when the news was announced.
MGM Resorts took a major financial hit after a cyberattack, with reports estimating the cost to the company at around $100 million.
The Kaseya compromise in July 2021 was a major supply chain attack where the REvil ransomware group exploited a zero-day vulnerability in Kaseya’s VSA remote management software. This allowed the attackers to deploy ransomware to Kaseya’s Managed Service Provider (MSP) customers, and subsequently to thousands of their clients globally, causing widespread operational disruption and data encryption.
These companies and many more needed the services of cybersecurity teams to protect consumer and employee data, help them retain a good reputation, and shield their market value from a significant downturn.
Remedies for Cybersecurity Vulnerabilities
Small businesses, multinational corporations and everyone in between should be wary of online attacks. The University of California, Berkeley’s Information Security Office provides the following advice to deal with the most frequent threats to digital assets:
- Regularly update software to incorporate security patches
- Use passwords with 20 characters or more with mixed letters, numbers and symbols
- Avoid suspicious or unknown attachments, especially from unfamiliar sources
- Activate desktop firewalls to halt basic attacks
- Reserve transmission of sensitive data to secured private networks
The best practitioners collaborate with others and develop resources to anticipate future generations of cyberattacks while speeding up remediation. The volume and scope of cyberattacks globally create many paths to career success in this field.
What Are the Job Titles Held by Current Leaders in the Field?
- Application security engineer: $145,339
- Director of information security: $163,622
- Senior security consultant: $156,994
- Software architect: $149,784
- Penetration Tester: $126,241
What Types of Employers Look for Cybersecurity Professionals?
When cybersecurity jobs first experienced explosive growth, they were met with a 1.3% decline in user clicks on listings due to vague job titles and poor promotion. In recent years, however, employers have improved their ability to recruit qualified cybersecurity professionals and provide work environments that allow them to thrive.
Cybersecurity professionals — including managers, engineers, analysts, and consultants — continue to find growing opportunities across both public and private sectors. The 2024 ISC2 Workforce Study shows demand remains high globally, with a workforce gap of 4 million professionals. Despite economic uncertainty and reduced hiring in some sectors, nearly 92% of organizations reported they still need more cybersecurity staff, especially in areas like cloud security, risk assessment, and threat detection.
From startups to global enterprises, nonprofits, and government agencies, organizations are actively seeking cybersecurity talent to safeguard against escalating threats and data breaches.
What Are the Benefits of Working in Cybersecurity?
The BLS estimated a 33% growth rate of available jobs for information security analysts from 2022 to 2032. Analysts earned average salaries of $120,360 in 2023, but there is a high earnings ceiling for information security careers, and making a good living is not the only benefit of working in this field.
Low Supply Means High Demand
Even more telling? The cybersecurity workforce grew by just 0.1% between 2023 and 2024, a dramatic slowdown from the 8.7% growth rate the previous year. This plateau in hiring is not due to a lack of need — it’s due to a shortage of qualified professionals. For job seekers and career changers alike, this shortage translates into strong job security, high earning potential, and opportunities for rapid advancement.
Clear and Consistent Mission
Future cybersecurity professionals may be wondering about long-term career satisfaction. The 2024 ISC2 report show the majority of respondents felt cybersecurity is their calling in life and extremely passionate about it. Not only is this career path in high demand, but it provides high levels of satisfaction for those who pursue it. To compete with the satisfied crowd of cybersecurity professionals, it is essential to build skills through education and certifications.
Cybersecurity professionals know they are working to protect sensitive or confidential information from people with bad intentions each day. This mission crosses career paths, employers and countries, providing consistency throughout a professional’s growth.
How Do You Prepare for a Cybersecurity Career?
According to ISC2, hiring managers today place greater emphasis on soft skills — such as problem-solving, collaboration, curiosity, and communication — than on even the most in-demand technical competencies like cloud security, risk assessment, and AI.
Cybersecurity Certifications Boost Job Prospects
ISC2 found that among those who earned a cybersecurity certification before landing their first job in the field, 90% found it to be valuable to their career; highlighting the strong impact certifications can have early on. Many cybersecurity professionals earn their first certifications concurrently with their degree programs.
The EC-Council offers the Certified Ethical Hacker (CEH) certification for future "white hats” who find and repair system repair vulnerabilities before hackers invade. The Cisco Certified Network Associates (CCNA) certification demonstrates competencies in automation, network security and IP tools.
Students can look for an MS in cybersecurity program that partners with these certification agencies. Certification will be part of their training, saving them time and money on their comprehensive education.
Who Should Become a Cybersecurity Professional?
Career Changers
Gender and Racial Diversity
Security analysts and consultants just entering the field will one day become leaders. The absence of diversity in entry-level and mid-level positions translates to senior roles. These facts should motivate women and minorities interested in digital security to pursue degrees that change the profession.
Why Choose St. Bonaventure for Your Cybersecurity Degree?
This cybersecurity master’s program also offers a 100% online format. There is no GRE or GMAT requirement for applicants, eliminating the need for a costly entrance exam. The degree also blends real-world learning via hands-on labs utilizing industry software and tools with theoretical lessons in threat analysis, cryptography, detection engineering, penetration testing and and other skills to help career changers transition into cybersecurity.
A Long History of Educating Leaders
Graduates can tout their commitment to the school’s core values. The values of compassion, wisdom and integrity are inextricable from coursework, internships and other experiences.
In the cybersecurity world, university graduates who embrace these values along with creativity and good judgment can advance ethically in their careers.
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