Cyber Security industry growth – shortage of professionals

Cyber Security has rapidly become one of the fastest growing industries in the world which has resulted in an increasing shortage of professionals working in the business. The global Cyber Security market size was valued at $183.34 billion in 2020 and is now predicted to reach $539.78 billion by 2030, with a compound annual growth rate (CAGR) of 11.6% from 2021-2030. As it stands, there is currently a major shortage of Cyber Security professionals across the globe and as ongoing onslaughts of hacking, ransomware and information breaches continue to plague many organisations, the requirement for employing people with the corresponding field-related skills is in high demand.

Cyber Security Courses

To become a competent professional in the Cyber Security business usually requires doing some courses on the subject, especially with cyber criminals continuously becoming more resourceful and engaging in complex changes to take advantage in the technology industry. It’s always best to start with the basics in courses on Cyber Security. The details of optimal courses, from both a content and price point of view, as well as recognition by employers are provided below with various study options given, followed by more sophisticated courses.

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F-Secure Corporate Security relaunches as WithSecure™

The corporate security business of F-Secure has relaunched as a new brand that shares the company’s new name WithSecure™. To benefit from the power of diversity, the brand was developed in extensive collaboration with F-Secure employees, reseller partners, and clients. The name reinforces the belief that facing cyber security challenges together produces more effective outcomes than trying to protect anything alone. WithSecure™ aims to be the strategic partner for businesses that want measurable security outcomes.

US places Kaspersky on security risk list

With the recent Russian invasion of the Ukraine, the US government has now placed the Russian-owned IT security company Kaspersky on a list of organisations that are considered to be a threat to security in the USA. One of the concerns is an increase in cyber attacks resulting from the invasion. The US had previously banned the use of Kaspersky in Federal Information systems back in 2017.

Employee Awareness of Cyber Security

The effective management of cyber security in an organisation can only work if every employee in the organisation participates in cyber security awareness and is something that management needs to take responsibility for organising. Employees can play a major role in helping to keep a business secure against cyberattacks. It Is highly recommended that employees practice the cyber security policies that are put in place by the organisation’s management. One simple exploit that gets created due to an employee’s lack of awareness could cause the downfall of any business or at least cause the business to pay a heavy fine.

Travellers a key target for cybercriminals

One of the advantages of the pandemic lockdown has been the reduction in travelling out of South Africa due to travellers being a key target for cybercriminals. However, with President Cyril Ramaphosa announcing at the beginning of this month that the national state of disaster on Covid-19 was cancelled with all but three of the coronavirus lockdown restrictions removed, a lot more people are starting to travel again. This is resulting in cybercriminals upping their game in targeting travellers for various reasons.

SA has largest rise in cyber attacks

South Africa has apparently registered the highest year-over-year increase in cyber crime, with a 277-percent growth, according to an article recently published by AllAfrica.com.

Why your every password matters

A leaked password endangers your personal information as a password is often the only thing that prevents web criminals from using your personal information for online identity theft. With access to your details they can commit account take­over and cause you serious financial damage. To make sure you don’t let them do this, you need to have strong pass­word security. Read on to find out how.

Threats in the Wild

TransUnion data hack of 54 million private SA records

The hacker group N4aughtysecTU that claims to be Brazilian stole 4TB of Transunion’s database last month and has claimed a ransom of $15 million (about R241 million).

This bulletin is intended to increase the security awareness in organisations by providing useful information to help enhance security and safety when using computing devices and the Internet.

Be sure to consider some of the cyber threats out there and consider these tips for protecting yourself and your devices. Until our next mailer, you can check out all the great resources we have available on our website.

The Cybervision Team