The cybersecurity industry is exploding — and for good reason. Cyber risks are reaching unprecedented levels, and businesses as well as home users are desperate for solutions to keep their data and devices safe. The most recent estimates suggest that revenues from the cybersecurity industry are likely to pass $162 billion in 2023, but the market could easily be worth more than $1 trillion in the coming years.
Anyone with an entrepreneurial mindset might be interested in taking advantage of this incredible opportunity to build a cybersecurity empire. Here are a few ideas to help business leaders make the most of the cybersecurity boom.
First: Acquire Cybersecurity Experience
Even in markets that are growing exponentially, entrepreneurs have a greater chance at success when they understand not only the business component but also the products, services and skills expected from their target audience. Therefore, before business leaders take steps to capitalize on the high demand for cybersecurity isms solutions, they should invest in their own cybersecurity education.
Online cybersecurity degrees from an accredited university not only provide knowledge and skills in various cybersecurity fields to enhance entrepreneurs’ business strategies, but they also ensure that entrepreneurs have credentials that investors and consumers like to see in leaders of cybersecurity businesses. Because the cybersecurity boom will not end in the next few years, entrepreneurs have plenty of time to build their foundation before launching themselves into cybersecurity business ownership.
Then: Consider These Business Ideas
While entrepreneurs are gaining the credentials they need to achieve success in this field, they can begin considering the type of cybersecurity business they will launch. Some popular and in-demand cybersecurity solutions include:
Malware Analysis
Millions of new malware variants appear online every day, and cybersecurity providers need to understand every variant to keep clients safe. A malware analysis firm studies the code and structure of malware to determine how it works and offer solutions for thwarting its attacks.
Cybersecurity Forensics
Forensics is the study of evidence from crime, often in the hopes of detecting perpetrators or developing preventative measures for similar future crimes. Cybersecurity forensics firms may work with law enforcement agencies or other cybersecurity experts to understand processes involved in a successful cyberattack.
Information Assurance
A relatively new field in cybersecurity, information assurance is focused on protecting data through the careful evaluation of security across networks and information systems. For entrepreneurs who are looking for jobs in ISSO field, there are many exciting career roles in Information Systems Security Officer positions.
One important aspect of information assurance is obtaining an IAT certification, which demonstrates a thorough understanding of security protocols and techniques. This certification can greatly enhance an entrepreneur’s qualifications and increase their chances of securing a high-level position as an Information Systems Security Officer.
Often, information assurance professionals work as part of information technology teams, but growth in cybersecurity is creating potential for dedicated third-party information assurance providers.
Security Software Development
Many web users rely entirely on security software to keep their devices and data safe from attack. Software development firms may work toward more advanced cybersecurity software solutions to enhance defenses and mitigate the effects of attacks. For example, a security software startup might explore new ways to integrate AI into threat detection.
Network Architecture
Network architecture is the infrastructure on which digitally mature organizations operate. How a network is designed and maintained affects its security, so the services of a network architecture firm are essential to ensuring thorough protection for a business’s data and devices.
Ethical Hacking
Also referred to as penetration testing, ethical hacking is the act of infiltrating a network and accessing data as a means of finding security vulnerabilities that need to be addressed. Ethical hacking agencies think and act like malicious hackers — except that they do not make off with an organization’s sensitive information.
Cryptography
Cryptography is a field that long predates cybersecurity. Focused on the design and analysis of codes, cryptographers have become essential cybersecurity professionals because they can utilize advanced mathematics, computer science, and engineering to create uncrackable encryption. A cryptography firm may develop more sophisticated encryption techniques for use across the cybersecurity industry.
Source Code Auditing
Developing software is a difficult task, and many developers struggle to identify mistakes in their code before launch. A source code auditing firm may help developers review their code and find vulnerabilities that could put the application and any users at risk.
Though the exploding cybersecurity industry offers plenty of opportunities for the enterprising business leader, understanding cybersecurity will be essential for startup success. Keeping these business ideas in mind, entrepreneurs must gain some level of cybersecurity knowledge and skill before launching what could be the next great cybersecurity agency.
