Professionals who have advanced cyber security skills are in a “seller’s market”, one with zero percent unemployment.

Companies and government agencies competing for top talent and senior-level jobs are paying salaries as high as £300,00 / $400,000 . A senior consultant for a global consulting firm can earn that much, as do some cyber security lawyers at top firms. 

Now is the time for IT professionals to exploit their skills and help to grow businesses based on cyber security. An IT professional with a strong educational background and experience in cyber security can easily start a security business in this rapidly emerging industry.

One of the best ways to “get rich” is to build a small company into a mid-size company and sell it to a large company, either software, hardware, or professional services. Here are some cyber security business ideas that might make you rich.

Independent Cyber Consultant: This is probably the most obvious method but definitely one of the most profitable. Being a consultant means you help out companies as your own independent businessperson and provide expertise in a certain way. This can be penetrating testing, vulnerability assessments, automation engineering, etc. 

Typically, people will be a consultant in the area that they worked in within the industry, however, if you don’t have work experience you can always start small and build up from there, work experience is not a requirement.

Security Executive: Generally, a security executive and administrator protects systems against unauthorised access, modification, and/or destruction. There are several companies that try to cover this type of specialised service. But you could provide these services as an individual consultant, building an organisation ensures better revenue.

Security Analyst: Generally, a security analyst provides a wide range of services to companies. However, some of the primary responsibilities include planning, implementing, and upgrading security measures and controls. Initially, you can start the business at home also.

Security Architect: Actually, starting this type of cyber security business demands an educational background in Computer Science, Cyber Security, or a related field. Additionally, this type of specialised service-based business demands a lot of working experience in the IT and cyber security fields. However, this business demands moderate capital investment in infrastructure and quality manpower.

Info Assurance Engineer: Starting a business in this field needs years of experience. An info assurance engineer analyzes networks to identify vulnerabilities and reduce breaches. You need to oversee the storing and processing of information within a company to make sure that it is secure. You can provide consulting services to various companies.

Information Security Analyst: Primarily, as an information security analyst, you need to protect a company’s information system. You need to prevent, monitor, and respond to data breaches and cyber attacks. And these breaches and attacks are becoming very frequent currently. And you can provide these specialised services to numerous companies.

Malware Analyst: If you want to start a cyber security business that needs high specialization, you can consider this opportunity. Basically, it requires a lot of focus and discipline as well as training and practice in the inner workings of computer systems. Additionally, it is a self-rewarding business.

Security Software Developer: Primarily, a security software developer develops security software according to the client’s specifications. In addition to that, you may need to integrate security into applications software during the course of design and development. So, you must have a sound knowledge of programming. In addition to that, you must build an effective team to work with you.

Security Specialist: Starting this type of cyber security business demands a specific educational background in the IT Security field. Primarily, your major responsibilities include designing, testing, implementing, and monitoring security measures for your client’s systems. Companies hireNo  these consultants in exchange for a high hourly rate.

Security Auditing: If you have any experience doing auditing this can be a good way to make money without having to work at a company year round. Many companies need audits once or twice per year for compliance reasons.
If you specialise in a particular regulation like GDPR or HIPAA you can sell your services by coming in and helping companies prepare for audits.

SOC Engineer: If you have an educational background in the IT security field, you can provide your service to companies as SOC Engineer. Some of the major responsibilities include the review of security consoles and alerts, project participation, processing alerts, etc. Additionally, you must have the ability to effectively present information and respond to questions from the clients.

Source Code Auditor: Actually, a source code auditor reviews source code to discover potential security weaknesses, bugs, and violations of programming conventions. Definitely, there are some automated code analysis tools for it. However, companies need manual checkups regularly. Hence, you can provide the service both on a home-based or on-site basis.

First Step: As a long term career option, it beats going into cyber crime – lucrative as that can be. So, do some research, choose an area of interest, and begin the process. Good luck!

Source:  Cyber Security Intelligence