Hacking and cyber security: How has the market grown?

The cyber security market is still massively growing. With threats such as Heartbleed and the ability to hack cars, the demand for cyber security engineers is continuously increasing.

cybersecurityAs more technology builds across a variety of sectors, the number of targets for attacks has increased, so it’s no wonder that the security industry has followed suit.

The Heartbleed bug is a great example of this. Since the bug hit the internet earlier this year, the large numbers of internet and open source users affected by serious threats and account hacks was phenomenal. Heartbleed is still affecting major global companies today and many firms are still at risk, increasing the demand for cyber security engineers.

 

Cyber security is a massively growing market with a 74% increase of cyber security job postings since 2007. This is over twice as much as the increase of job postings when compared to all IT jobs.

There are a few likely causes for this massive market increase which include:

The Internet of Things

Today, more and more devices are connected to the internet, commonly termed ‘the Internet of things’, and this has meant a huge rise in the numbers of targets to attack.

A new worrying development is the ability to hack cars. However, this exploitation is very much in its early stages but the proof of the concept is worrying. Having a malicious party take control of one car, or potentially multiple cars could create chaos on the roads.

This will become even more of an issue with the emergence of self-driving cars, as they will rely on a lot more technology, allowing for more targets of attack.

The implementation of technology into a wider and wider multitude of devices over a plethora of sectors suggest that the only way the security market is going to go, is up.

The privacy and security market

The market demand for security engineers is significantly outweighing the supply of security engineers available.

The Grovelands TMT team understand the need for software engineers to be certified ethical hackers or have a GCIH qualification. We’ve already worked on projects within intrusion prevention and intrusion protection with our excellent network of engineers and security professionals.

Get in touch with us today for more information about how we can help meet your growing security demands.

 

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