What are the Most In-Demand Jobs for Cybersecurity in Malaysia?
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A total of 4,615 cybersecurity incidents were reported from January until May, 2021 in Malaysia.
A new study has revealed that 26% of companies in Malaysia said the most severe cybersecurity breaches in the last year has had a financial impact of more than US$1mil (RM4.11mil).
Cisco’s 2019 Asia Pacific CISO Benchmark Study reported that the 2019 figure is a significant decline from 2018, when 50% of companies in Malaysia reported the same financial impact or more.
According to Cisco, financial impact from cybersecurity breach include the the cost of the investigations, lost revenue, lost customers, lost opportunities, as well as out-of-pocket costs. For some listed companies, breaches also tend to negatively impact the stock value.
It also noted that there are fewer Malaysian companies reporting more than US$1mil financial impact in cybersecurity breaches compared to companies in Singapore (40%) and Thailand (35%).
With such a significant impact on our lifestyle and businesses, this explosion in technology attacks needs more professionals in cybersecurity. They basically prevent any damage to companies and organisations. In addition, cybersecurity professionals provide security during the development stages of software systems, networks and data centers. These professionals have to search for vulnerabilities and risks in hardware and software. They build firewalls into network infrastructures for their organisation or clients to prevent attacks. With this huge increase in cyber attacks, Malaysia desperately needs qualified and trained professionals who can perform these tasks.
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Why Students Should Know Which Areas of Cybersecurity are in Demand in Malaysia’s Job Market?
Cybersecurity is the protection of internet-connected systems such as software, hardware, and securing data from other malpractices and cyber threats. The process is used to protect unauthorized access to data centres and other computerized systems.
The intensity and the increasing numbers of cyber attacks have led to the exponential need for practising cybersecurity. The backend idea behind opting for cybersecurity is to provide a secure posture for computers, servers, networks, mobile devices, and the data stored on these devices from attackers with malicious intent.
Cybersecurity is a continuously evolving domain, with the advancement of technologies that open up new opportunities for cyberattacks. With risk management approaches, there is a wide horizon of a career in the cybersecurity space. The career opportunities in the cybersecurity domain call for candidates with a technologist’s mentality. Moreover, an optimal blend of hard technical skills and relationship acumen —are well-suited for the fast-paced cyber world.
With all kinds of business transactions moving online, cybersecurity is a major concern for businesses worldwide. The pandemic has furthermore accelerated this transition, making online presences for businesses a must today. The New York Times has reported that the demand for cybersecurity jobs will increase manifold and result in 3.5 million unfilled positions by 2021. According to a Frost and Sullivan survey, the demand for cybersecurity-related jobs would hit 10,500 by 2020. Malaysia Digital Economy Corporation chief executive officer Datuk Yasmin Mahmood said it was forecasted that by 2020, the industry would see a talent gap of about 6,000 given its current trajectory.
In fact, cybersecurity is a domain which is of high priority, regardless of the industry-leading to a significant rise in the number of relevant jobs in recent years. However, the skill gap is quite high even with this steady rise in the number of job opportunities. With proper education and training, graduates will be able to not only meet these market requirement but also find themselves with lucrative career opportunities and grow in their fields of expertise.
We have compiled a list of the most in-demand jobs in cybersecurity, to help you figure out if this is the best course for you.
Most In-demand jobs for Cybersecurity
1. Information Security Analyst
Information security analysts monitor and examine security systems for organizations to prevent potential security breaches. They are responsible for devising protective measures to safeguard the security infrastructures for businesses. From ensuring that all the relevant software are updated regularly to installing new protective walls, information security analysts cover a wide range of responsibilities to ensure that all kinds of information remain secured.
2. Ethical Hacker
As the name suggests, ethical hacking is licensed and legal hacking to check a company’s security strength. Ethical hackers find ways of breaking into security infrastructures to find system vulnerabilities and ways of improving those. Ethical hackers use the same techniques that an unethical hacker would use to discover system weaknesses. They perform various kinds of assessments for the hiring companies and depending on the security requirements.
3. Digital Forensic Analyst
Digital forensic analysts retrieve any kind of digital evidence from various devices that have been compromised or has been used in cybercrimes. They specialise in recovering lost data or breached data and often help law enforcement agencies to retrieve any significant information that can be used as evidence against cybercrimes. They are also responsible for analysing the breached data or signs of cybercrime to keep a detailed record of the evidence found. They also document their investigation for future reference.
4. Security Architect
A security architect is a person who designs, builds and maintains the security infrastructures for any kind of information and data in a company. There are quite a few overlaps between security architects and ethical hackers in the sense that both of these professionals try to think like a cybercriminal to understand the probable areas which can be compromised. Security analysts try to gain unauthorized access to computer systems to identify areas of improvement and work on them. They also document the entire process to record the progress.
5. Network Engineer
Network engineers work on designing and maintaining the digital network used by the hiring organization. From building the network to executing network security best practices, network engineers ensure that the network functions of the organization run smoothly. They also protect these networks from falling prey to any kind of malpractices.
6. Security Software Developer
Security software developers integrate reliable security practices while developing the software to ensure they are robust and effective. The responsibilities of a security software developer range from designing the software to updating them regularly as required. They often team up with other cybersecurity experts to develop applications and security strategies that safeguard data and information for an organization.
7. Chief Information Security Officer (CISo)
This is a senior-level position for security experts who oversee all kinds of data and information security activities for an organization. Depending on the company, the chief information security officer handles a number of responsibilities, including working directly with the management, the technical team, and of course, the cybersecurity team. Professionals working as CISo need to stay updated on all the trending security best practices and further research on the latest ways to secure the information and data for the company.
How to Get Certified to Work in the Field of Cybersecurity in Malaysia?
As it is evident by these numbers, there is no dearth of good opportunities in the field of cybersecurity. If you are keen on working in the cybersecurity field, get a degree qualification from a top private university in Malaysia!