After the historic move of demonetisation in 2016, the government of India has tried to push the country towards digitisation. This has led to a drastic increase in demand for the cybersecurity professionals.
There was at least 1 cybercrime reported in India every 10 minutes the first half of 2016. However, the lack of talent has caused the India Inc. to struggle with these threats and invest heavily to prevent them.
Currently, there are about 30,000 cybersecurity vacancies in India including the vacancies at leadership levels. The required skills for these professionals include analytics, engineering, software development, intrusion detection, risk auditing, cryptography, forensic sciences and network security.
The scarcity in availability of these professionals have caused a hike in salaries of these profiles. According to the Job Portals, a cyber security professional with three years of experience can make up to 25 lakhs a year, where as a software developer with more than 5 years of experience at a multinational will be able to make up to 10 lakhs a year.
The demand for these professionals is majorly driven by banks, government, retail, BFSI and IT companies, consulting firms and startups. More B2C businesses hire these professionals because they deal with customer data which is highly susceptible to cyber crimes.
The cyberspace is expanding at a lightening fast speed. As it expands, the cyber crimes happening around the world keep getting more and more complex. This is why a cybersecurity professional have to be constantly updated. The candidates available currently in the country have basic certifications and training, which is not enough.
According to experts about a million more jobs will be generated in India in the cybersecurity space in next 5 to 7 years. In lieu of preparing for the future demand, Nasscom and Symantec have rolled out a curriculum on the subject with 10 specialised courses, which is a good start. However, government, corporates and educational institutions will have to work together to build a system and infrastructure that will create more qualified cybersecurity professionals.
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The CSR Journal Team