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Is a Cyber Security Degree Worth It?

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Is a Cyber Security Degree Worth It?- It’s no secret that data security is becoming increasingly important. It seems like there isn’t a week that goes by without a new news about the latest data leak or cybersecurity blunder. In recent years, major corporations such as Marriott International®, Equifax®, and Yahoo® have all been hacked.

Businesses and organisations that play vital roles in practically every part of our lives are affected by the constant assault of cyber threats. Many Americans are becoming increasingly anxious as a result of this. Those fears are well-founded, as an FBI research estimates that cybercrime cost the economy $3.5 billion in total damages in 2019—and that’s just what’s known.

As our reliance on technology rises, it’s no wonder that the need for cybersecurity professionals expands as well.

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What Role can you Play in the Fight Against Cybercrime?

You’ve heard the figures and seen the headlines, which is why you’re thinking about pursuing a cybersecurity profession based on your passion for technology. You’re eager to join the fight against cybercrime, but you’re not sure where to start.

One question jumps out in particular: Is a Cyber Security degree worthwhile? That is a question we are unable to answer for you. However, we can give you with crucial information that will assist you in making the best option for your future.

8 Facts to Consider About the Value of a Cyber Security Degree

You’ve probably heard about how beneficial higher education can be. But let’s skip the fluff and get right to the numbers. Consider the following information before choosing whether a Cyber Security degree is right for you.

Cybersecurity Jobs are on the Rise

If you’re thinking of returning to school to pursue a new career, you’ll want to know that there will be jobs available in the field once you graduate. Because, no matter how enthusiastic you are about the field, you don’t want to waste your time and money on a degree that will lead nowhere.

Fortunately, in the case of cybersecurity, this isn’t an issue. In fact, it’s the polar opposite. Cybersecurity analyst jobs are expected to grow by 31% through 2029, according to the US Bureau of Labor Statistics (BLS), which is more than seven times the average projected employment growth for all occupations. Furthermore, the BLS predicts that employment for these professions will increase by 56 percent over the same time period, particularly in the sector of computer systems design and related services.

Cybersecurity Professionals are Needed in all Industries

The above-mentioned expansion isn’t restricted to the IT sector. In today’s digital world, information security services are required by practically every firm in every industry. When it comes to finding a career, this implies you won’t be limited to certain types of businesses. You can use your expertise in a variety of fields, including education, insurance, and law enforcement.

Financial organisations and healthcare institutions, according to the BLS, are two industries where cybersecurity workers are in high demand right now. Banks and other financial institutions, in particular, must strengthen their data security capabilities. In addition, to secure electronic health information and protect patients’ privacy, the healthcare industry will rely more on cybersecurity expertise.

Companies are Struggling to Find Qualified Cybersecurity Professionals

You’re fully aware that there are cybersecurity jobs available. However, the unpleasant reality is that there are simply not enough skilled people to meet the needs of enterprises in terms of cybersecurity. According to a 2020 research from (ISC)2, the United States is experiencing a cybersecurity skills deficit, with an estimated 359,000 trained people needed to close the gap.

While demand for cybersecurity specialists in your area will undoubtedly differ depending on a variety of circumstances, it appears that the general trend of companies investing more in information security teams will continue. This is encouraging news for anyone interested in a career in cybersecurity.

Employers are Seeking Candidates with a Cyber Security Degree

You may be wondering what it means to be “qualified” now that you’ve heard about the shortage of qualified candidates. We used real-time job-analysis technologies to look at over 114,000 cybersecurity job ads from the previous year to assist us figure out the answer to that question. This helped us figure out what employers look for in job candidates.

According to the data, 88 percent of job advertising required candidates to have at least a Bachelor’s degree. This means that completing a Cyber Security degree will help you qualify as one of the highly sought-after cybersecurity specialists.

Cybersecurity Programmes Prepare Students with the Most Up-to-Date Skills

Employers clearly respect the education that comes with obtaining a Cyber Security degree. However, you’re undoubtedly wondering what that training comprises. Although each programme is distinct, there are certain common aspects that run through them all.

Rasmussen University’s Cyber Security programmes, for example, teach students how to use real-world tools, techniques, and applications like cryptography, Windows®, Linux®, Cisco®, VMware®, and Microsoft Azure®. Students will also be prepared for industry cybersecurity certification examinations, which will help you stand out on your résumé.

Our Cyber Security Bachelor’s degree programme includes a modern curriculum that will teach you about security risk management, advanced networking, vulnerability analysis, security awareness, and much more. Malware Reverse Engineering, Advanced Network Security, and Hacker Techniques: Tool and Applications are just a few of the courses that will ensure you’re ready to hit the ground running in your first cybersecurity career.

Cybersecurity Job Opportunities Typically Increase with Education Level

It’s a basic rule of thumb in all industries that the more education you have, the fewer obstacles you’ll face when looking for work. In the sphere of cybersecurity, we decided to put this idea to the test.

We were able to determine the total number of job listings based on degree level after scanning the job postings in our investigation. Here’s how it works:

  • High school diploma: 10,221 job postings
  • Associate’s degree: 3,917 job postings
  • Bachelor’s degree: 96,822 job postings
  • Master’s degree: 2,717 job postings
  • Doctoral degree: 732 job postings

You’ll see that a Bachelor’s degree is required for the majority of these employment openings. So, if you’ve been debating whether or not to pursue an education, consider the following: Obtaining a Cyber Security Certification A bachelor’s degree qualifies you for more than eight times the number of employment as someone without one.

Cybersecurity Professionals Have Solid Earning Potential

It should come as no surprise that organisations are eager to make large investments in competent individuals after hearing about the severe shortages of cybersecurity personnel. According to the Bureau of Labor Statistics, the median annual compensation for cybersecurity analysts was $99,730.3 in 2019. For all occupations, this is more than double the national average.

The Cybersecurity Field Offers Room for Career Advancement

You’ve seen how obtaining a Cyber Security Bachelor’s degree can help you gain a job in the area, but now comes the question of whether or not you’ll be locked in that position indefinitely.

Experience, like education, can increase career chances. While landing an entry-level job is your immediate aim, it’s crucial to remember that there is possibility for advancement in the future. Your Cyber Security degree will give you a strong foundation of knowledge and abilities, which you can expand upon as you get more experience in the sector.

To demonstrate this point, we looked at the job posts based on the preferred level of candidate experience using our cybersecurity job analysis. Here’s what we discovered: 6

  • 0–2 years of experience: 17,771 jobs available
  • 3–5 years of experience: 54,289 jobs available
  • 6–8 years of experience: 26,148 jobs available
  • 9+ years of experience: 20,744 jobs available

Many firms prefer candidates with at least three to five years of experience, according to the research. That means the sooner you get your foot in the door with a Cyber Security degree, the sooner you may start gaining vital work experience that will help you advance in your career. After three years, you’ll be eligible for tens of thousands of additional job opportunities.

Is a Cyber Security Degree in your Future?

In today’s digital economy, it’s impossible to dismiss the necessity of cybersecurity. We have far too much of our lives and information encoded for us to ignore cybercriminals. Take a look at the chances available to you, whether you’re inspired by the high demand and opportunity for promotion or by the earning potential.

So, is a Cyber Security degree in your future worth it? Consider the information presented above and draw your own conclusions.

If you’ve seen the writing on the wall and are ready to take action, check out our Cyber Security degree page to see how we can help you obtain the practical knowledge and hands-on experience you’ll need to join the battle against cybercrime.


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Source: https://cybersguards.com/is-a-cyber-security-degree-worth-it/

Cyber Security

Cyberattack that Crippled the Computer Systems of a Hospital Network

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According to a University of Vermont Health Network official, a cyberattack that crippled the computer systems of a hospital network affecting six hospitals in Vermont and New York last fall occurred after an employee opened a personal email on a company laptop while on vacation.

According to Doug Gentile, network chief medical information officer, the email came from a legitimate local business that had been hacked. The malware was contained in an attachment in the email. The attackers were ready and waiting when the employee returned from vacation and logged onto the UVM network through a virtual private network, he said.

“We have no evidence that UVM was singled out for attack. “We were just the victims of a large-scale phishing attack,” Gentile said on Tuesday.

VTDigger was the first to report on the attack. Officials said at the time that the October 2020 cyberattack caused significant, ongoing computer network problems for the University of Vermont Health Network, affecting its six hospitals in Vermont and New York. The FBI and two other federal agencies issued an alert the same day, stating that they had “credible information of an increased and imminent cybercrime threat to US hospitals and healthcare providers.”

By looking through detailed logs, UVM was able to figure out how the cyberattack occurred a week or so later, according to Gentile. It had immediately contacted state and federal authorities, and the FBI had been extremely helpful in the investigation, he said. According to him, the attack was carried out by a criminal gang that the FBI is familiar with.

“These people are virtual and can exist in any location. The majority of them are offshore, out of reach of our law enforcement,” he said.

UVM Health Network had blocked access to personal email for anyone on the network at the time of the attack, but had not yet extended that to machines off the corporate network, which it had planned to do this year, according to Gentile. He claims it has since done so.

The FBI and two other federal agencies issued an alert the same day, stating that they had “credible information of an increased and imminent cybercrime threat to US hospitals and healthcare providers.”

UVM has blocked access to all corporate assets, installed more advanced viral wall protection on all corporate assets, and significantly tightened its vpn access since the attack, he said.

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Source: https://cybersguards.com/cyberattack-that-crippled-the-computer-systems-of-a-hospital-network/

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Cyber Security

Industrial Automation Software Informed Customers About a Dozen Vulnerabilities

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Cisco

CODESYS, a developer of industrial automation software, notified customers this month of a dozen vulnerabilities impacting a variety of devices. Cisco Talos detected more than half of these issues, and the details were released on Monday.

Vulnerabilities in CODESYS software could have substantial consequences because it is utilised in several large firms’ industrial control systems (ICS). Last month, a cybersecurity firm warned that serious security holes uncovered in CODESYS software exposed programmable logic controllers (PLCs) made by more than a dozen manufacturers to attacks.

CODESYS announced on July 22 that patches for remote code execution, denial of service (DoS), and information disclosure vulnerabilities in its Development System, V3 web server, Gateway, Runtime Toolkit for VxWorks, and EtherNetIP products are now available.

A critical severity rating has been applied to only one vulnerability. The bug, dubbed CVE-2021-33485, is a heap-based buffer overflow in the CODESYS V3 web server that can be used to launch DoS attacks or execute remote code using specially crafted requests.

Cisco’s Talos research and threat intelligence unit uncovered seven vulnerabilities, according to a CODESYS alert. Researchers from Talos discovered that unsafe deserialization flaws in the CODESYS Development System, a programming tool for industrial control and automation systems, can lead to remote code execution.

An attacker could take advantage of these flaws by altering local configuration or profile files, or duping a local user into opening malicious project or archive files.

The manufacturer stated that it was unaware of any attacks exploiting these holes, but that security scanners can exacerbate some of the flaws.

CODESYS stated in each advisory that the vulnerabilities can be exploited by an attacker with limited capabilities.


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Source: https://cybersguards.com/industrial-automation-software-informed-customers-about-a-dozen-vulnerabilities/

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Cyber Security

1Password Announced Receiving a $100 Million Increases its Valuation to $2 Billion

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1Password, a password management software company, revealed today that it has received a $100 million investment, bringing its total worth to $2 billion. The company had raised $200 million in a Series A round of funding.

Accel led the newest round of fundraising, which also included new investors Sound Ventures and Skip Capital. The funds will be used to help 1Password continue to build its business, according to the company.

Secrets Automation, 1Password Events, and a full-featured Linux desktop application, as well as connections with Slack and Rippling, the company claims it has achieved considerable growth since the previous financing round and has expanded its commercial services over the past months.

1Password, which was founded in 2005, provides private, secure password management solutions for both businesses and end-users. GitLab, IBM, Intercom, Slack, and Under Armour are among the company’s more than 90,000 enterprise customers.

“This contribution from a diverse group of industry leaders demonstrates a dedication to safeguarding businesses and families. As we assist clients keep ahead of the never-ending parade of dangers, we’re already working closely with our seasoned investors to drive growth into new areas, like secrets management,” said Jeff Shiner, CEO of 1Password.


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Source: https://cybersguards.com/1password-announced-receiving-a-100-million-increases-its-valuation-to-2-billion/

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Cyber Security

Vindicia and Chargebacks911 collaborate to thwart friendly fraud in growing subscription economy

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Vindicia and Chargebacks911 collaborate to thwart friendly fraud in growing subscription economy

Chargebacks911, a dispute management specialist, announced today that it has formed a strategic collaboration with Vindicia, part of the Amdocs (NASDAQ: DOX) Media Division and a leader in business-to-consumer digital services monetization.

The collaboration comes at a time when chargebacks are increasing at an alarming rate. Largely driven by friendly fraudwhen a customer files a chargeback instead of trying to first obtain a refund from the merchant chargebacks have a destructive effect on a business’s ability to grow and retain revenue, and can increase the cost of payment services.

“When authorized cardholders dispute legitimate charges to their credit cards, it pushes the bank to force a refund back to the customer under the pretense that the merchant made an error,said Monica Eaton-Cardone, COO and cofounder of Chargebacks911. “This behavior needs to be identified and corrected to prevent merchants suffering illegitimate losses. That’s why a partnership with a leader in subscription commerce monetization solutions like Vindicia is so important to the industry.”

The cost of this industry’s chargebacks is as much as $250 billion annually by some analysts’ estimations. These costs come in the form of fees and fines, false declines, return fraud, and many other expenditures throughout the entire transaction process from the issuing bank to payment processors.

Supporting a merchant’s robust subscription base must include a seamless acquisition experience for the subscriber as well as a transparent and easy to follow reconciliation process for merchants to resolve discrepancies,” said Darcy Antonellis, Head of Amdocs Media. “We’re pleased to collaborate with Chargebacks911 as they concentrate on helping merchants retain their revenue via our combined technologies which provide revenue discrepancy resolution.”

Reports also show that consumers who register a chargeback that goes unchallenged are 50% more likely to file another chargeback within 90 days. So, by helping to identify which disputes to challenge, Chargebacks911 will also help Vindicia’s merchants reduce future claims (and the associated costs).

Available immediately, chargeback management solutions include Visa Merchant Purchase Inquiry (VMPI), chargeback alerts, and dispute resolution. For more information, you can learn more here or contact a Vindicia representative.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
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Source: https://www.fintechnews.org/vindicia-and-chargebacks911-collaborate-to-thwart-friendly-fraud-in-growing-subscription-economy/

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