SubscribeSubscribe Now
  • Home
  • News
  • Fortune 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
We have independently evaluated the products and services below. We may earn affiliate revenue from links in the content.
Right Arrow Button IconLeft Arrow Button Iconeducation
Right Arrow Button IconLeft Arrow Button IconTech
Right Arrow Button IconThe cybersecurity industry is short 3.4 million workers—that's good news for cyber wages

The cybersecurity industry is short 3.4 million workers—that’s good news for cyber wages

By
Sydney LakeSydney Lake
Sydney LakeSydney Lake
and
Jasmine SuarezJasmine Suarez
Jasmine SuarezJasmine Suarez
By
Sydney LakeSydney Lake
Sydney LakeSydney Lake
and
Jasmine SuarezJasmine Suarez
Jasmine SuarezJasmine Suarez
October 20, 2022 at 5:01 PM UTC
Attendees take part in a computer security competition called the "Breizh CTF" event in Rennes, western France, as seen in April 2022. (Photo by Damien MEYER—AFP/Getty Images)
Attendees take part in a computer security competition called the "Breizh CTF" event in Rennes, western France, as seen in April 2022. (Photo by Damien MEYER—AFP/Getty Images)

The cybersecurity workforce has reached an all-time high, with an estimated 4.7 million professionals—many of them holding master’s degrees—but there’s still a global shortage of 3.4 million workers in this field, according to the 2022 (ISC)2Cybersecurity Workforce Study released Thursday.

And that shortage persists, despite the addition of 464,000 more cybersecurity positions this year, the report found. In the U.S. alone, there are more than 700,000 unfilled cybersecurity jobs, data from Cybersecurity Ventures shows. 

Advertisement

Master’s in Cybersecurity Online From UC Berkeley

Earn a Master’s in Cybersecurity Online in Just 20 Months

The UC Berkeley School of Information’s online Master of Information and Cybersecurity prepares students to become leaders in cybersecurity. No GRE/GMAT required.

Learn More
Master’s in Cybersecurity Online From UC Berkeley
Learn More
  • GRE RequiredNo
  • Part TimeYes

As the need for cybersecurity talent grows, wages and other benefits should follow. Currently, the median salary for cybersecurity professionals in the U.S. is $135,000, according to (ISC)2. The study also shows that 27% of cybersecurity professionals enter the industry for the potential of high salaries and strong compensation packages. 

“Cybersecurity salaries appear to be driven by several factors, including years of experience, sector employed, certifications attained, and even geographic location like large concentrations of professionals in areas with high costs of living like Washington D.C. Scarcity of talent is most likely a driver as well,” Clar Rosso, CEO of (ISC)2, tells Fortune. “The good news for new people entering the field is that salaries remain strong.”

In addition to the growing talent gap, there’s another dynamic at play in cybersecurity: The number of cybersecurity attacks companies face each year is growing. Between 2020 and 2021, the average number of cybersecurity attacks per year rose 31%, to 270 attacks, according to Accenture’s State of Cybersecurity Report 2021.

Companies, on average, fell victim to 29 attacks last year. According to the (ISC) 2 study, cyber attacks have also been more prevalent recently in a year of “geo-political and macroeconomic turbulence. ” One of the major events was the Russian cyberattacks on the Ukrainian government at the beginning of the war.

“The modern cybersecurity landscape has galvanized passion and persistence within its workforce—which continues to change and evolve with the world around it,” reads the (ISC)2 study. “The global cybersecurity workforce is growing, but so is the gap in professionals needed to carry out its critical mission.”

Cybersecurity wages and other benefits

Cybersecurity workers know they’re in high demand. Nearly 70% of these workers feel as if their organization doesn’t have enough cybersecurity staff to be effective, the (ISC)2 study shows, and more than half of the employees at organizations with workforce shortages see their company as being at moderate or extreme risk of a cyberattack.

Attracting and retaining top cybersecurity talent requires collaboration among departments, Rosso says. Frequent communication between cybersecurity managers and human resources can help when it comes to figuring out what works and what doesn’t when trying to recruit cybersecurity workers. 

“Collaboration between HR and cybersecurity hiring managers is key to attracting and retaining talent,” Rosso says. “HR professionals should have regular check-ins with cybersecurity hiring managers to discuss and co-develop job descriptions to ensure they are realistic, achievable and can attract the right talent rather than be an obstacle.”

Part of attracting and retaining top cybersecurity is finding the right amount to pay people. Reports from industry leaders show that cybersecurity wages continue to grow year-over-year. Between 2020 and 2021, some cybersecurity salaries jumped by more than 16% to well over the six-figure mark, according to a 2021 report from Dice, a tech recruiting platform.

Another key benefit for cybersecurity workers is access to continuing education and certifications. In fact, more than 60% of cybersecurity workers seek new certifications for skills growth and stay current with security trends, the (ISC)2 study shows. 

“Professionals are saying loud and clear that corporate culture, experience, training, and education investment, and mentorship are paramount to keeping your team motivated, engaged, and effective,” Rosso says. “Team members of different ages and experience levels need different levels of support from their organizations. Success here means investing in education, professional development, mentorships, flexible work arrangements, and career pathing.”

A good starting place for organizations looking to jumpstart their cybersecurity education efforts is to encourage employees to pursue new certifications and trainings, Rosso adds. 

“In addition to helping encourage employees to invest in educational resources, organizations should recognize these achievements as it helps to keep people engaged for the long term,” he adds.

Read more

  • Looking into learning more about cybersecurity? Check out our ranking of the best masters in cybersecurity programs.
  • Our list of affordable online masters in cybersecurity programs can help you find the school that best fits your budget.
  • Achieve your goal of becoming an expert in data science by choosing from our list of the best masters in data science programs.
  • Interested in computer science? Here’s our ranking of the best online computer science masters programs.
  • Cybersecurity is essential in the modern workforce, and one of the best cybersecurity bootcamps can help you hone that skill.
  • Advertisement

    Hawai‘i Pacific University MS in Cybersecurity

    Certification prep available

    The online MS in Cybersecurity program from Hawai‘i Pacific University prepares students to defend their organization from data breaches, strengthen their résumé by taking key certification exams, and advance their career as responsible leaders in cybersecurity.

    Learn More
    Hawai‘i Pacific University MS in Cybersecurity
    Learn More

    About the Contributors

    Sydney Lake
    By Sydney LakeAssociate Editor
    LinkedIn iconTwitter icon

    Sydney Lake is an associate editor at Fortune, where she writes and edits news for the publication's global news desk.

    See full bio
    Jasmine Suarez
    Reviewed By Jasmine SuarezSenior Staff Editor
    LinkedIn iconTwitter icon

    Jasmine Suarez was a senior editor at Fortune where she leads coverage for careers, education and finance. In the past, she’s worked for Business Insider, Adweek, Red Ventures, McGraw-Hill, Pearson, and more. 

    See full bio

    Top Articles

    alt text
    10 free data analytics courses you can take onlineByRich GrisetApril 18, 2024
    alt text
    2024 real estate school review: AceableAgentByPreston ForeJune 24, 2024
    alt text
    Best health coach certifications for 2024ByPreston Fore AND Brad HaftApril 1, 2024
    Advertisement

    Online Syracuse University M.S. in Cybersecurity

    Earn a Syracuse Univ. M.S. in Cybersecurity in 15 Months

    Syracuse University’s online M.S. in Cybersecurity prepares students to effectively combat cybercrime. No GRE currently required, but a master’s degree is preferred.

    Learn More
    Online Syracuse University M.S. in Cybersecurity
    Learn More
    Rankings
    • 100 Best Companies
    • Fortune 500
    • Global 500
    • Fortune 500 Europe
    • Most Powerful Women
    • Future 50
    • World’s Most Admired Companies
    • See All Rankings
    Sections
    • Finance
    • Leadership
    • Success
    • Tech
    • Asia
    • Europe
    • Environment
    • Fortune Crypto
    • Health
    • Retail
    • Lifestyle
    • Politics
    • Newsletters
    • Magazine
    • Features
    • Commentary
    • Mpw
    • Ceo Initiative
    • Conferences
    • Personal Finance
    • Education
    Customer Support
    • Frequently Asked Questions
    • Customer Service Portal
    • Privacy Policy
    • Terms Of Use
    • Single Issues For Purchase
    • International Print
    Commercial Services
    • Advertising
    • Fortune Brand Studio
    • Fortune Analytics
    • Fortune Conferences
    • Business Development
    About Us
    • About Us
    • Editorial Calendar
    • Press Center
    • Work At Fortune
    • Diversity And Inclusion
    • Terms And Conditions
    • Site Map

    © 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.