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1、 Safeguarding the Digital FrontierCybersecurity Trends andUpskilling Outlook for 2024 2In an age where digital payments have become integral to our daily lives,our financial transactions and personal information are more exposed to cyber threats than ever.The convenience and efficiency of digital pa

2、yment methods have also opened new doors for cybercriminals,making it imperative to have cybersecurity experts to defend againstthese relentless attacks.The importance of cybersecurity cannot be overstated today.This report provides anoverview of cybersecuritys critical role in protecting sensitive

3、data and infrastructurefrom the relentless onslaught of cyber threats on many fronts.It highlights the growing significance of cybersecurity in an increasingly interconnected world and underscoresthe need for individuals,businesses,and organizations to prioritize and invest in robustcybersecurity me

4、asures.The report offers insight into emerging trends and the urgentneed for skilled cybersecurity professionals,emphasizing their vital role in ensuring the security and stability of our digital future.3Table of ContentsImpact of Cybercrimes on the Global EconomyOverview in IndiaThe Rise of Cybercr

5、imesDemand for Skilled CybersecurityProfessionalsSimplilearn in ContextLearner Profile Summary of OurCybersecurity CoursesWhat Programs Our Learners are Enrolling In4668111213Impact of Cybercrimes on the Global EconomyCyberattacks have significant consequences,leading to massive financial losses for

6、 businesses and individuals while eroding trust and brand reputation for organizations of all stripes.Personal data breaches,encompassing everything from healthcare to financial information,increase the risk of identity theft and fraud for consumers all too often.As our world becomes more interconne

7、cted,the scope cost of cyberattacks will grow,with the global cost of cybercrime projected to rise from US$3 trillion in 2015 to US$10.5 trillion by 2025*.In response,companies and governments worldwide have enacted strict security and data protection standards and laws,respectively.Average Cost of

8、Data Breach in US$Millions14Cost(US$millions)y=0.0489x-94.839 R2=0.30513.52014201520162017201820192020202120223.63.73.83.94.04.14.24.3*US$3 trillion in 2015 to US$10.5 trillion by 20255Cybercrime Occurences by Category0%PhishingPharmingFinancialFraudExtortionMalwareDoSHacking10%20%30%40%50%60%70%80%

9、90%100%Cyber-enabledCyber-dependentTechnologyFinancialHealthcareTelecommunicationsRetailManufacturingAcademicServicesGovernmentPharmaceutical21.6%8.4%8.3%7.5%7.0%6.0%5.5%5.2%5.0%3.2%Top 10Verticalsby IntrusionFrequency*Cybercrime occurrences by Category*Top ten verticals by intrusion frequency 6Cybe

10、rsecurity Overview in IndiaThe rapid evolution of the digital landscape,notably the surge in digital payments,underscores the growing importance of cybersecurity.In India,demonetization significantly boosted digital transactions,from just 10 percent pre-demonetization to a much higher proportion pos

11、t-demonetization.In fact,the RBI-Digital Payments Index*shows a substantial increase for March 2023 at 395.58,up from 377.46 in September 2022 a growth of 13.24 percent.The Rise of CybercrimesThe proliferation of digital transactions has led to a parallel increase in cyber threats.Malicious actors,f

12、rom individual hackers to well-organized cybercrime syndicates,constantly devise new and sophisticated methods to compromise digital security,requiring a significant investment in cybersecurity countermeasures.Over 16 lakh*cybercrime incidents have been reported in the country in the last three year

13、s,and more than 32,000 FIRs were registered.During the first quarter of 2023,Indias average weekly attacks rose by 18 percent year-over-year,with each organization facing an average of 2,108 attacks per week.Bengaluru tops the list among cities,followed by Hyderabad and Mumbai.Furthermore,jurisdicti

14、onal issues are a major hindrance in solving cyber cases,resulting in a low conviction rate.Over 91 billionpayments have beenrecorded in 2023*This shift necessitates stronger cybersecurity measures to protect financial assets,personal data,and the integrity of digital interactions from emerging thre

15、ats and risks.UPI fraud makes up47.25%of theseonline financial crimes*A recent study by Future Crime Research Foundation(FCRF),a start-up incubated at IIT Kanpur,found that financial fraud tops the list,accounting for 77.41 percent of all cybercrime.7Cyber gapsThe Most Prevalent Forms of Cyber Crime

16、Share of worldwide cyber attacks by typeWeak defenses against attacks put the financial sector at risk,but collective action could help thwart these costly threats.(state of cyber risk oversight at supervisory authorities,share of surveyed countries)Non-Payment/Non-DeliveryPersonal Data BreachPhishi

17、ng ScamsIdentity TheftCredit Card FraudExtortionTech SupportInvestment Fraud20225.4%5.8%7.0%4.1%5.0%53.2%10.4%9.2%1.5%5.4%7.4%7.5%8.7%41.6%15.3%12.5%2017Sources:Statista Market Insights,N/ational Cyber Security Organisations,FBI,IMFIMFSource:IMF staff survey,state of play at supervisory authorities.

18、Note:IMF staff surveyed 51 emerging markets and developing economies between December 2021 and March 2022.The classification of the practices are based solely on survey responses and do not include qualitative evaluation by IMF staff.Cyber strategyand governanceSupervision andregulation practicesAtt

19、acks monitoring,response and recoverInformation sharingand reportingVery WeakWeakMediumGoodVery Good0%20%40%60%80%100%7 8Demand for Skilled Cybersecurity Professionals This escalating threat landscape necessitates a robust defense,and skilled cybersecurity experts need to adapt and innovate to stay

20、ahead of emerging threats,risks,and vulnerabilities.The Internet of Things(IoT),cloud computing,and artificial intelligence have only made the task more complex.Then there are the legal and regulatory compliance requirements.Since cybersecurity experts play a pivotal role in protecting organizations

21、,individuals,and global digital infrastructure from the potentially devastating consequences of cyberattacks,bridging the existing skills gap in this critical field is essential.13.8%CAGRFortune Business Insights predicts the global cybersecurity market growth from 2023 to 2030Cybersecurity Ventures

22、 reports that the global cybersecurity workforce will expand by 6.5 million positions from 2019 to 2029,leading toNASSCOM anticipates the Indian cybersecurity sector will generate over15.3%CAGRin India from 2023 to 2025,forecasted by PwC India and DSC33 million jobs globally1 million new jobs by 202

23、79According to a 2021 study conducted by the Data Security Council of India(DSCI),the demand for cybersecurity professionals in India was estimated to be around 64,000 that year.Additional-ly,a report released in May 2023 by TeamLease Digital,a subsidiary of TeamLease Services,suggests that there ar

24、e approximately 40,000 current job openings.The projected growth in the cybersecurity market and the significant increase in job opportunities create a compelling incentive for professionals to acquire cybersecurity skills.The expanding market not only promises a wide array of career opportuni-ties

25、but also highlights the urgency and importance ofcybersecurity in the digital age,further motivating individuals and organizations to invest in thisFurther,the incredibly high demand for skilled professionals is leading companies to offer premium salaries ranging fromto attract top talent.Rs 1.5 to

26、4 croreof these vacancies remain unfilled due to a significant shortage of skilled cybersecurity professionals.Bridging the existing cybersecurity skills gap is crucial to meet this demand.Bridging the existing cybersecurity skills gap is crucial to meet this demand.30%10Top In-Demand Job Roles in C

27、ybersecurity Include:Key job roles in cybersecurityChief Information SecurityOfficer(CISO)Security EngineerSecurity ArchitectCryptographerSecurity Operations Center(SOC)AnalystCompliance ManagerPenetration Tester(Ethical Hacker)Information Security AnalystSecurity ConsultantIncident ResponderForensi

28、c AnalystOther high-demand cybersecurity rolesCloud Security EngineerDevSecOps EngineerApplication Security EngineerNetwork Security EngineerSecurity Operations Center(SOC)AnalystSecurity Awareness TrainerSecurity AuditorThreat Intelligence AnalystRisk AnalystCybersecurity ExpertFreshers and 1-3 yea

29、rs experienceCISSP5-8 years and 8+CCSPAverage everyone takes8+yearsAdvanced Executive Program in Cyber SecurityFreshers and 1-3 years experienceCertified Ethical hackerFreshers and 1-3 years experiencePGP in CybersecuritySimplilearn,a global leader in online digital skills training,provides speciali

30、zed training toprofessionals in over 150 countries,and offers a diverse variety of cybersecurity programs incollaboration with renowned institutions and organizations.These include Caltech CTME,IIIT Bangalore,IIT Kanpur,and industry bodies like ISACA,EC-Council,and CompTIA.Thiscollaborative approach

31、 ensures a comprehensive and industry-relevant curriculum that covers the latest skills,tools,and trends in this dynamic market.The rising demand for proficient cybersecurity experts is propelling the growth of these programs.Notably,there has been a 25 percent YoY increase in learner interest in Si

32、mplilearns cybersecurity courses from 2022 to 2023.Cybersecurity continues to be the most sought-after skill set among Simplilearn learners,reflecting the global trend toward prioritizing digital security.Moreover,Simplilearns learners are diverse,ranging from fresh graduates to experiencedprofessio

33、nals.Advanced courses like the Executive Program in Cybersecurity and the CISSP(Certified Information Systems Security Professional)certification attract those with 5-8+years of experience.However,theres also significant interest from freshers and early-careerprofessionals in courses like Cybersecur

34、ity Expert,the Post Graduate Program in Cybersecurity,and the Certified Ethical Hacker Program.11Simplilearn in ContextData gathered from the Simplilearn Learning Management System(LMS)also reveals deep insight into learner demographics and industry focus.The financial services sector experiences th

35、e highest rate of cyber intrusions,prompting a spike in demand for professional cybersecurity training.This demand is second only to the Information Technology and Services industry,which accounts for nearly 25 percent of overall enrollments.Simplilearns Post Graduate programs are also experiencing

36、remarkable growth worldwide,with a 140 percent revenue increase.Notably,about half of the learners become graduates,demonstrating the platforms appeal across different educational backgrounds.12Learner Profile Summary of Our Cybersecurity CoursesGeographical DistributionUS18%INDIA72%ROW10%The majori

37、ty of learners are from India,followed by the United States and the rest of the world.Learners Experience RangeOur learners experience levels vary widely,with the largest group having over eight years of experience.Early career professionals have shown a keen interest in building the skill sets requ

38、ired to build a successful careerin cybersecurity,including those with zero to three years of experience,totaling 34 percent of participants.1 to 3 yrs3 to 5 yrs5 to 8 yrs8+yrsNo Experience0 to 1 yrs13%18%15%11%27%16%13Industry Profiles of Our LearnersAround 25 percent of learners are from the IT in

39、dustry,followed by 5.2 percent from computer software and 5 percent from the banking sector.The high enrollment from IT,computer software,and banking sectors underscore a growing demand for cybersecurity expertise to protect critical digital assets in technology-reliantindustries.Program TypesLearne

40、rs can choose from Certification(professional certified courses from specific institu-tions or certification bodies),Masters(Simplilearn programs with comprehensive learning modules that enable our learners to upskill),and Post Graduate programs(Top universities worldwide collaborate with Simplilear

41、n to offer comprehensive domain-specific programs).Popular certifications include accredited CCSP(Certified Cloud Security Professional),CISSP,and CEH(Certified Ethical Hacker).InformationTechnologyComputerSoftwareBankingComputer andNetworkingFinancialServicesTelecommunicationsHospital andHealthcare

42、0%5%10%15%20%25%Industry wise demandWhat Programs Our Learners are Enrolling In43%Certification20%Masters37%PG14Popular CoursesThe CCSP-Certified Cloud Security Professional course leads in popularity with 42 percent of learners,which correlates directly with increasing cloud adoption world-wide.Mea

43、nwhile,CISSP and CEH(Certified Ethical Hacker)follow with 21 percent and 18 percent,respectively,reflecting the increasing value placed on holistic cybersecuri-ty knowledge and ethical hacking skills.CCSP-Certified Cloud Security Professional42%CISSP21%CEH(v12)-Certified Ethical Hacker18%CISA11%CISM

44、4%CompTIA Security+6013%15In the face of escalating cybersecurity threats,its crucial for organizations and individuals to continuously upgrade their security measures and remain vigilant.Implementing robust protocols and fostering a culture of cybersecurity awareness is key to protecting assets in

45、our interconnected world.Upskilling in cybersecurity is vital to stay ahead of evolving threats,with edtech companies playing a significant role in providing accessible training.This upskilling leads to more job opportunities in cybersecurity,enhancing both individual careers and organizational defe

46、nses,underscoring its importance in safeguarding society against cyber threats.Conclusion The surge in cybercrime is closely linked to the rise in digitaltransactions and all our systems becoming digital.At Simplilearn we see Cyber Security as a Top 2 domain where skill development is in high demand

47、 as well as extremely critical for professionals andorganizations-the other one being AI.We have partnered with some of the leading industry bodies and academic institutions to develop cutting-edge programs,helping our students to be well-positioned to make the most of the opportunities in this area

48、.In the Indian context,our programs with IIITB,NPCI,and IITK are most note-worthy and very popular with professionals looking at building overall expertise in this high-growth field.In the US,we offer a Cyber Security Bootcamp in partnership with Caltech University.CO-FOUNDER&COOSIMPLILEARNKashyap D

49、USA Simplilearn Americas,Inc.201 Spear Street,Suite 1100,San Francisco,CA 94105United StatesPhone No:+1-844-532-7688INDIASimplilearn Solutions Pvt Ltd.53/1 C,Manoj Arcade,24th Main Rd,Sector 2,HSR Layout,Bengaluru-560102,Karnataka,IndiaPhone No:1800-212-7688 2009-2023-Simplilearn Solutions.All Rights Reserved.The certification names are the trademarks of their respective owners.cInformation is collated by Simplilearn Data Labs&Some data are taken from neutral third-party websites