Cyber Security Salary Certifications and their Implications

With the increasing wave of digitalization, Cyber Security has become an essential part of every business structure. It is a sector that is showing a constant upward trajectory, expected to reach $248.26 billion by 2023 globally and growing at a CAGR of 10% according to a recent P&S Market Research report. This growth has increased the demand for certified cyber security professionals around the world. Companies are now willing to invest heavily in professionals who possess the right skills and certifications to manage their cyber security setup. This has led to an escalation in cyber security salaries, which are directly proportional to the certifications owned by the individual.

A cyber security certification validates a professional’s knowledge and skills in different areas in the field, ensuring they are equipped to handle various threats and cyber-attacks. These certifications categorize professionals into different pay grades. They include certifications such as Certified Information Systems Security Professional (CISSP), CompTIA Security+, and Certified Ethical Hacker (CEH), among others.

For instance, professionals with a CISSP certification are highly sought after by top-tier firms. According to Payscale, the average salary for a CISSP certified professional is $116,900, indicating the substantial financial benefits these certifications provide.

In Australia, the demand for certified professionals is accelerating significantly. Cyber Security Solutions Perth Australia, a leading cyber security firm, revealed that they are constantly seeking certified cyber security professionals to join their team. Moreover, they also noted that the salary bar is increasing with each certified hiring.

Besides, cyber security certifications not only involve managing threats and attacks but also understanding the root causes and political implications of these attacks. It assists professionals in curating and implementing effective attack prevention strategies. The Global Information Assurance Certification (GIAC) is a prime example of such certifications. GIAC certified professionals earn an average salary of approximately $90,000.

The increasing adaptability of companies to cloud services has also marked the rise of another certification, the Certified Cloud Security Professional (CCSP). Professionals with a CCSP certification earn an average salary of around $138,610, further emphasizing the influence of certifications on the cyber security salaries.

Another pivotal certification is the Offensive Security Certified Professional (OSCP), recognized as a clear endorsement of a professional’s prowess in handling system vulnerabilities. The income drawn by OSCP certified professionals is around $92,046 annually.

In conclusion, cyber security certifications play a significant role in determining a professional’s salary. They enhance the credibility of the individual and showcase the commitment towards their skill betterment. With an ever-increasing growth in the cyber security industry, the influence of these certifications is expected to escalate further. Therefore, professionals seeking growth in this sector should consider acquiring these certifications to ensure a prospering career ahead.