The boom of cybersecurity in the US

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Mon Sep 13, 2021

In this era of the internet, no individual or enterprise is secure from cyberattacks. With the increasing number of Internet of Things (IoT) devices connecting to the internet every day, the attack surface for such occurrences has increased many folds. As per a research done by Statista, there are about 21.5 billion IoT devices connected to the internet on the planet and the forecast proposes that by 2030 this number will reach 50 billion.

With cybercrime on the rise, all government entities & businesses possess the risk of being a victim of such attacks. Most companies have poor cybersecurity practices in place, thus making them more vulnerable to data breaches and ransomware attacks (which is malware that is installed onto vulnerable systems of an organization that encrypts the organization's network and systems with the motive of getting ransom in return). The chaos of the pandemic has expedited the rate of such cyberattacks on companies and government entities.

Now, more than ever, there is a high demand and need for technologists and cybersecurity experts to secure the internet surface of an organization. The quantity of job postings in the cybersecurity field has grown in excess of 90 percent since 2013, contrasted with 30 percent for IT positions in general. As per Cyberseek, a technology job-tracking database, there are 464,420 open positions in cybersecurity nationwide as of September 2021, with over 15,000 open positions in the state of Illinois.

Cybercrime incidents like the Federal Bureau of Investigation (FBI) and Homeland Security leaks in 2015, the Atlanta City service hack in 2018, and the Colonial Pipeline hack in 2021 are some situations that have raised multiple questions on the cybersecurity stance of the U.S. Hackers have successfully conducted more than 70 ransomware attacks in the second half of 2020, most of which were targeted at local governments. In order to improve and bolster the Nation’s cybersecurity, President Joe Biden has started multiple initiatives with both the public and private sectors to develop a new framework to improve the security and integrity of the U.S. critical infrastructure.

As cybercrime is estimated to cost the world USD six trillion annually by 2021, it is for the good that organizations realize that the battle against malicious cyberattacks starts with professional expertise. It is thus necessary for companies to make cybersecurity awareness, prevention, and practices a vital part of their culture for the cyber battle to be won.

 

 

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2021 - Fall - Issue 2
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