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A cybercrime is reported every 7 minutes across the nation, with the average cost per report over $39,000 for small businesses, $88,000 for medium businesses, and over $62,000 for large businesses. As a result, cyber security professionals are in high demand. Read on to learn about various specialisms, income ranges and how to get into cyber security.
Cyber security professionals are tasked with ensuring the privacy and integrity of data and
protecting digital assets of individuals and corporations from being compromised by cybercrime.
Positions within the cyber security field cover a range of responsibilities, including:
With the ever-increasing levels of cybercrime, there is a large demand for trained professionals to be at the helm of organisational cyber security across most industries, particularly finance and banking, telecoms and government agencies.
A 2022 workforce study from ISC2 estimates the global cybersecurity workforce to be 4.7 million people strong, but also revealed that the sector is in critical need of more skilled professionals, with a worldwide workplace shortfall of 3.4 million security specialists, a staggering 26% increase from the year prior.
Economically, the cybersecurity market in Australia shows no signs of slowing, with a current estimated value of $6billion USD and expected increase to $14billion USD by 2028 – a compound annual growth rate of 18.44%
The biggest challenge faced by recruiters and companies seeking cyber security professionals is the lack of qualified talent. This makes training in the field a smart move if you wish to have an abundance of employment opportunities for the longer term.
Due to the high demand for skilled experts that demonstrate the ability to successfully protect digital assets and data, there is healthy compensation to be found nationwide.
Cyber security salary in Australia is generally competitive, with specific salaries depending on various factors including industry, location, market conditions, experience and skills required and the organisation.
Be mindful that as with any other industry, those with specialised skills are often able to command a higher income.
How much do cyber security jobs pay you may ask – we’ve provided a breakdown of average incomes across a range of roles within the sector as an overview.
Keeping across the latest threats and trends in the cybersecurity landscape is paramount across all cyber security positions as is staying at least one step ahead of hackers. Broadly speaking, the earning potential for cyber security experts in Australia ranges anywhere from $90,000 for those starting out, to north of $175,000 for those who’ve earned their stripes.
There are generalists within cyber security that can provide guidance within IT departments and there will be some position titles that are used interchangeably, depending on the recruiter and organisation. Below we introduce some more common positions in cybersecurity, along with an indication of expected salary ranges.
A dynamic role, Cyber Security Engineering requires technical expertise coupled with top level problem-solving skills. Protecting computer networks, systems and data from potential cyber threats is the overarching focus of the position with primary tasks including the design and implementation of appropriate and robust security measures to safeguard against malicious software and cybercriminals. Measures such as firewalls and encryption protocols are two common examples. Frequent security assessments and audits need to be conducted by Cyber Security Engineers so they can identify vulnerabilities and devise strategies to mitigate possible threats.
The latest insight from Seek shows the average Australian salary for security engineers ranges from $125,000 to $145,000.
Talent.com data suggests entry level salaries come in at $113,572, with senior positions earning north of $175,050.
Investigation and analysis of cybersecurity incidents is the core focus of security analysts, with their findings used to inform the design of new and updated measures to be implemented. Analysts monitor networks and systems for any signs of intrusion or suspicious activity and in the event of an incident, they promptly collect and analyse data to understand the scope and impact.
How to become a cyber security analyst? You’ll need critical thinking skills and a sharp eye for detail, in addition to technical training.
Current salary data from Talent.com concludes that the average cyber security analyst income is $108,617, with entry levels commanding $95,000 per year and more experienced folk securing $138,688.
Seek shares similar figures, stating the average salary range of $100,000 – $120,000 nationally.
There are three key areas that form the foundation of a Cyber Security Consultant’s offering: assessment of existing security infrastructure, identification of vulnerabilities and guidance on how to create more secure measures. In depth risk assessments are conducted with customised strategies designed that reflect the specific requirements of each organisation.
The latest technology and best practices to mitigate potential threats are recommended by consultants and in some instances, they may be engaged to support in policy design, forensic analysis and direct incident response. Cyber Security Consultants must have strong technical expertise and need to be exceptional communicators, with the ability to convey complex concepts into actionable recommendations for each client.
For entry level roles, north of $100,000 is quoted by talent.com, with more experienced workers commanding up to $175,000 per year.
Authorised to simulate attacks on the IT systems and networks of organisations, Cyber Security Penetration Testers do so in the name of uncovering vulnerabilities before ill meaning cybercriminals do. The tester conducts controlled attacks using a wide range of tools, techniques and methodologies so that they can assess the potential measure of impact different breaches could have.
Running these tests proactively supports organisations in strengthening their defences and protecting sensitive data from real-life cyber threats. Ultimately this role requires the mindset of a hacker, with a commitment to security.
Australian based penetration testers can expect to earn an average of $115,000 to $135,000 per year, with entry level positions starting at around the $90,000 mark, and experienced testers earning up to $175,000.
Investing in practical, hands-on cyber security training designed by industry experts is a solid starting point to laying the foundation of your new career path. Whether you’re looking to upskill to support your existing IT employment, or seeking a total career change, our Cyber Security Engineering: Transform training will arm you with the skills and mindset needed by successful cyber security professionals in today’s market.
Those who enrol in our Transform course get access to unlimited mentor sessions and a Career Support Program that empowers 97% of graduates to secure an industry gig after graduation.
Better still, our Cyber Security Engineering: Transform course is currently 30% off and you will score a free Elevate course of your choice when you enrol.
Get in touch with our experienced team of course advisors today to discuss your training options and begin your exciting journey into Cyber Security.