How to Make Money in Cyber Security?

10 Ways To Make Money From Cybersecurity
10 Ways To Make Money From Cybersecurity

One of the most profitable technology disciplines of the twenty-first century is cybersecurity. Many people desire to get a job and establish careers in the field as it continues to expand. A 9-5 job, on the other hand, isn’t for everyone, and even for those who do work, many people desire to have a side hustle to supplement their income and provide financial security. There are methods to generate money from Cybersecurity without being actively involved if you’ve worked in the field before or simply have an interest in it. To assist you, I’ve compiled a list of methods you can earn money in the cybersecurity profession without working full-time.

How Do Cybersecurity Companies Make Money?

Due to the tremendous expansion in data and computer use, as well as the hacking and cybersecurity threats that those computer systems have attracted, cybersecurity organizations have become far more important since the turn of the century. Many people, particularly those interested in a cybersecurity job, are curious about how cybersecurity firms make money. In this essay, I’d like to explain.

So, how do cybersecurity firms make a profit? Outsourced technology support, managed services, software tools, penetration testing, systems auditing, vulnerability research, and consultancy are just a few of the services that cybersecurity organizations provide to their clients. Companies that specialize in cybersecurity may do so in one or more of these areas.

Anyone considering a career in cybersecurity should learn more about the various types of cybersecurity organizations that exist and what they do so that they may be better prepared when they join one of them or even establish their own.

Let’s take a look at some of the numerous sorts of cybersecurity services available.

10 Ways To Make Money From Cybersecurity in 2022

#1 Working as a Consultant on Your Own

This is the most obvious way, but it is also one of the most lucrative. As a consultant, you assist firms as a self-employed businessperson and give experience in a specific area. Penetration testing, vulnerability assessments, automation engineer, and so on are examples of this. Typically, people will work as consultants in the industry in which they previously worked. If you don’t have any work experience, you can always start small and work your way up; work experience isn’t required.

See also  Cyber Security Manager

#2 Auditing for security

If you have auditing experience, this might be a lucrative method to earn money without having to work full-time at a company. For compliance reasons, many businesses require audits once or twice a year. If you specialize in a specific law, such as GDPR or HIPAA, you may market your services by coming in and assisting businesses with audit preparation.

#3 Writing for a living

Many businesses require cybersecurity content to be developed for their websites. This could be in the form of blog entries, whitepapers, or marketing collateral. This can be an excellent method to get some additional money if you’re good with words and language. Those with cybersecurity experience are frequently given preference, which can provide you an advantage if you have worked in the field. It is not, however, a must. As a portfolio, I recommend publishing some free articles (guest posting) on other websites or beginning your own blog. It will be much easier if you do that and use it while pitching to clients.

Sales is an excellent way to make money in Cybersecurity because it’s so simple to find a job if you’re prepared to work on commission. If you have a sales or cybersecurity background, you should look for a company that is trying to sell a cybersecurity product and work on a commission basis selling that product to other people or businesses. People will be willing to hire you because you are not paid. Then it’s up to you to get out there and make it happen.

#4 Stocks in Cybersecurity to Buy

If you, like me, enjoy investing in stocks, there are a slew of cybersecurity stocks to choose from that have performed admirably in recent years and are expected to continue to do so in the future. Unlike other industries, cybersecurity has expanded as a result of the pandemic, making the industry’s prognosis quite positive and making it a worthwhile investment to consider.

See also  20 Best Cybersecurity Associate Degree Programs

#5 Make Instructional Courses

This is a fantastic method to earn money while you sleep. Simply pick a platform, such as udemy or cybrary, that allows you to produce and sell online courses to their audience. While you may not make a lot of money right away, you might earn money for years after you put in the initial work.

#6 Hacking on the side

If you know how to hack computers and perform vulnerability assessments, you might want to explore working as a freelancer. Bugcrowd and Hackerone are two platforms that make this quite simple. You can also hunt for individual bug bounty programmes; many large corporations, such as Paypal, Sony, Facebook, and others, have their own bug bounty programmes. You can also collaborate with local businesses that require security services.

#7 Make a Business

Whether you’re a cybersecurity specialist or not, if you’re looking to start your own company, cybersecurity is a fantastic place to start. If you’re a businessperson, you may team up with a cybersecurity expert to start a company in an industry in desperate need of fresh solutions. It doesn’t even have to be a new product; you may start a business that offers cybersecurity services such as security evaluations.

#8 Construct an Application

If you have a programming experience, you might want to explore developing a Cybersecurity app and releasing it on the app store. You can create apps for businesses that scan their websites or applications for security flaws. You can also create apps for specific users, such as one that allows them to stay anonymous online. The goal is to identify a modest security issue and create an application that people will want to use to address it.

See also  What Are The Goals Of Cyber Security?

#9 Make books

Another fantastic approach to earn some residual/passive money is to write a book. Writing a book might be a good strategy to monetize if you’re a subject matter expert or simply have some unique experiences. Try compressing many pieces into a tiny book and selling it online if you’re currently creating written content.

#10 Become a public speaker.

Consider speaking at cybersecurity events if you have a lot of industry experience or a compelling tale to tell. Once people start paying you, not only can you make a lot of money, but it’s also a terrific way to get known. If you’re looking for a better paying career, this exposure will help you sell more books, products, and services. The exposure will be incredibly valuable, and there will be opportunities to make a lot of money as a result. Many conferences, such as DEFCON, allow you to prepare research papers and submit them for the chance to appear as a guest speaker, so if you’re interested, it’s totally doable.