British businesses have seen a doubling in the number of vacancies for cybersecurity professionals on their payrolls over the past year, Technojobs reports. As demand has increased, so has compensation, and the average salary for cybersecurity positions has grown by 10%, Technojobs says.
A shortage of qualified cybersecurity experts is increasing compensation across the sector, as private and public entities compete for a finite pool of talent, observers say. According to a survey conducted for the Human Resource Association of the National Capital Area, in the Washington area -- where the federal government has enforced a pay freeze since 2011 -- pay for workers with experience securing networks against attack has increased more than 10%, compared with an average of 2.1% for workers in general.
Cybersecurity is becoming a growth field in IT work, and the government is facing a shortage of qualified workers in the field, according to hiring managers. Entry-level salaries in the field can reach six figures as the government and private firms work to implement security efforts that span public and private networks. "Two recent examples have highlighted why companies need to work together: the Conficker worm and the Google attack," said Melissa Hathaway, a former presidential adviser on cybersecurity.
CDW says a survey of 300 federal tech workers revealed more than 30% responded to security issues such as outside attacks, malware and employee errors on a daily basis. The survey found support for increased cybersecurity spending by the government, which already is projected to increase by nearly $4 billion during the next five years.
With IT security becoming increasingly important to ensure data-center safeguards, there is a growing argument about whether it is wiser to work with a security vendor that provides a firm with nearly all its security-related needs or go with a more targeted approach to cover specific requirements. Experts say security vendors can prove less costly and typically offer a common management platform, while individual solutions can open the door to best-in-breed innovations.