According to Forbes, data breaches in firms bring about extensive and costly impacts across different industries. Cybercrimes not only affect the business financially but also its operations and compliance. Such concerns can even dent a brand’s reputation for years to come, thus adversely affecting an organization’s prospects.
According to Statista, the average cost of data breaches in 2020 is $3.86 million, which is a 1.5% decline from $3.92 million in 2019. What’s more, the cost of data breaches was highest in 2016, amounting to $4 million U.S dollars.
With the current figures still very high, savvy businesses and government organizations need to protect their operations from data breaches by employing the right cyber experts. So, with the demand for cybersecurity experts considerably higher than the supply, let’s list the top 10 cybersecurity paying jobs today!
The 10 Highest-Paid Cybersecurity Jobs
Chief Information Security Officer (CISO)
According to Forbes, CISO is one of the highest paying cybersecurity jobs. This role has reached an all-time high salary of up to $420,000 yearly. Primarily, the role of a CISO is to navigate the security landscape of a company in close partnership with other executive members to ensure data safety and compliance. While a CISO at a big organization can earn up to $420,000, most CISOs in mid-sized businesses earn half the figure.
When do firms’ need to hire a CISO?
According to Forbes, some clues tell you when it’s time for an organization to hire a CISO.
First, if your operations need a professional to examine your business’s firewall, coding, rules, etc
Secondly, you’ll need to hire a CISO if you’re making changes to improve your firm’s IT infrastructure’s security.
A CISO is responsible for the smooth running of the company’s security posture. He/she ensures there are no breaches in data and security operations. Implementing initiatives to lessen risks and being ahead of possible security threats are some of their competencies. Hiring a CISO will ensure your company is compliant with the current laws and regulations, also they will provide executive reports of security audits.
Sr Software Security Engineer
Senior software security engineers with exceptional skills are in high demand and can fetch high salaries amounting to $255,000 annually. In some organizations, these security engineers can earn more than CISOs, depending on the roles assigned. It is a perfect job for experienced and security-oriented coders eyeing senior managerial positions.
When does an organization need to hire a Lead/Senior Software Security Engineer?
If a firm is in a highly regulated industry, where security and compliance are critical, they may need the expertise of a security engineer. This cybersecurity expert helps an organization develop efficient and compliant solutions to tackle the industry’s most formidable threats.
Cyber Security Sales Engineer
Experts expect businesses around the world to spend upwards of $1 trillion on cybersecurity solutions. Cybersecurity sales can boost the salaries of cybersecurity experts that close deals. If a programmer can convince clients to onboard the latest technology, they can make up $220,000 yearly. Sales engineers rake even more when they onboard clients from highly regulated industries that are susceptible to cyberattacks.
Who should hire a cybersecurity sales engineer?
As a software developing company, you’ll need to hire a sales engineer. You need not just a business sales professional but a guru who understands cybersecurity and what they are marketing. Cybersecurity engineers will have it easy onboarding new clients as they can explain pertinent details about the benefits of the solutions a firm is offering.
Cybersecurity Architect
A cybersecurity expert’s salary averages at $146,768 but can be more depending on the financial muscle of the employer. Some earn over to $210,000 and others as low as $115,000. This role involves designing senior-level companywide networks and computer security architecture. Additional duties include creating awareness programs, managing policies, and responding to cybersecurity incidences.
Who Needs a Cybersecurity Architect?
Many businesses can benefit from a cybersecurity architect. These experts help design and implement business-class security systems, besides also testing your firm’s security systems. You can hire a cybersecurity architect regardless of your industry since they aren’t as industry-specific as CISOs and Lead Software Security Engineers.
Cyber Security Manager
The pay for a cyber-security manager is $136, 625 on average as stated on ZipRecruiter. His/her responsibilities include analyzing security reports to spot the relevant courses of action. These actions enable the protection of the company’s computers including all the networks and information.
Who needs to hire a Cybersecurity Manager
For you to have meaningful security measures in place, a cyber-security manager is a must-have. He/she will keep track of the infrastructure, security tools, and compliance policies. All other security employees will report to him.
Cloud Security Engineer / DevSec Ops
A cloud security engineer is in charge of designing cloud-based solutions to secure digital platforms and the organization’s data. He/she works as part of a team that analyzes the cloud infrastructure, improves security while offering maintenance, management, and cybersecurity services.
A typical annual salary for a cloud security engineer according to Zip Recruiter is $135,835; however, at nexus IT group we see cloud security engineers demanding salaries north of $150,000 across the US. Certifications in AWS and Azure are excellent ways to demand more pay.
Cybersecurity Engineer
This role is open for top coders in the world. It topped the list of the most in-demand jobs in the industry for the past 3 years. This role involves designing and implementing systems to fend off radical cyber-attacks. It requires an engineering approach in developing policies and plans as well as responding to security attacks.
This role requires advanced skills in system maintenance and automation. The salary ranges for this role ranges from $120,000 to $200,000.
Why hire?
Cybersecurity engineers create robust systems that hackers cannot bypass. Also, they investigate breaches and provide thought leadership in the industry.
Network Security Engineer
A network security engineer sets up, develops, and maintains a company’s computer networks. He/she protects those networks from any security breaches including misuse, alteration, and unapproved access. The average salary for this cyber security position is $112,322 as stated by Indeed.
A network security engineer is invaluable to your organization, as they will keep your company’s network from hackers, infiltrators, and cybercriminals hence keeping your digital assets safe.
Cybersecurity Analyst
This position is the second most in-demand role in cybersecurity. Cybersecurity analysts monitor systems regularly to detect any vulnerabilities. They use monitoring tools to identify and analyze threats in data and network systems.
According to the US Bureau of Statistics, this role will have more job openings in the next ten years. By 2019, a cybersecurity analyst had a median pay of $99,000.
Why hire?
If your company recently faced a security attack, it’s highly likely to encounter more attacks. Cybersecurity analysts help mitigate further attacks through seamless system monitoring.
Penetration Tester
Penetration testers detect flaws in security systems through ethical hacking. They understand the logic of hackers and malware attackers, hence beefing up security.
They conduct in-depth tests on networks and systems to detect any weaknesses that hackers might use. This is an in-demand role that earns an average of $105,000.
Why hire?
A penetration tester will use ethical hacking to check vulnerabilities in your systems. This is important, especially if you have untested security plans and policies.
Conclusion
Thwarting cybersecurity threats is a critical facet of most leading firms, regardless of industry. Aside from attracting talent, it’s also essential to retain the expertise by offering competitive salaries to your top cybersecurity professionals commensurate to their related roles to elevate your firm’s cybersecurity strategies.
If you want to protect your company systems, allocate funds for these professional roles. With companies losing over $500 billion annually to cybercrimes, investing in cybersecurity will help mitigate losses.
Are you a company that needs to be ahead of the cybersecurity curve? Do you have a pressing need for seasoned cybersecurity professionals or talent who are up to the task? Contact us today, and we’ll help you find the ultimate cybersecurity professionals for your company.