Your Next Move: Cyber Risk Analyst

If you’re thriving in a cybersecurity role and want to take your cybersecurity analyst career to the next level, cyber risk analyst may be a good next move.
Your Next Move: Get the Inside Scoop on IT Job Roles

This article is part of an IT Career News series called Your Next Move. These articles take an inside look at the roles related to CompTIA certifications. Each article will include the responsibilities, qualifications, related job titles and salary range for the role. As you consider the next move in your IT career, check back with CompTIA to learn more about your job prospects and how to get there.

If you pride yourself on being able to stay one step ahead of everyone else, you could earn top dollar as a cyber risk analyst. Organizations all over the world are tasked with keeping their assets safe and secure and hackers are up for the challenge. If you’re thriving in a cybersecurity role and want to take your analysis career to the next level, cyber risk analyst may be a good next step for you.

What Is a Cyber Risk Analyst?

A cyber risk analyst is responsible for predicting what cyberattack might come next. They then take that intel and strengthen the organization’s network to prevent attacks in the following ways:

  • Researches the threat landscape and identifies current trends
  • Performs security audits to address potential weaknesses and vulnerabilities
  • Monitors user access to track anything that indicates a breach
  • Installs software including data encryption programs and firewalls
  • Repairs and upgrades security systems as needed
  • Establishes backup servers and protocols for the organization
  • Designs and trains employees on organizational security best practices

In addition to these technical skills, a cyber risk analyst should also be able to see the big picture and apply their analytical and problem-solving skills to determine which potential threats deserve attention. There’s quite a bit of research involved in this role. Because a cyber risk analyst is charged with anticipating future cyberattacks, they must be up to date on the latest technologies, trends and news.

Cyber risk analysts usually work with a team of IT pros. The team may include network security specialists, software engineers or other cybersecurity analysts.

How to Become a Cyber Risk Analyst

The cyber risk analyst role is a more advanced role that requires training and experience. This is typically not an entry-level job. Most companies hiring a cyber risk analyst are looking for someone with a bachelor’s degree in a computer-related field.

Employers will also be looking for a candidate who has proven knowledge of network management, an understanding of attack threats and the ability to think outside the box.

Aspiring cyber risk analysts should first target positions that deal with software issues – either in the implementation or development phases. The skills you will learn in these roles will transition nicely to the cybersecurity team. It’s a plus to show potential employers that you are current on the latest attack trends and security software as well.

CompTIA Advanced Security Practitioner (CASP+) teaches these very skills – and more. CASP+ is the pinnacle of cybersecurity certifications and is intended for advanced-level IT pros who wish to remain immersed in hands-on enterprise security, incident response and architecture.

CASP+ proves cyber risk analyst candidates have the skills required to:

  • Architect, engineer, integrate and implement secure solutions across complex environments to support a resilient enterprise
  • Use monitoring, detection, incident response and automation to proactively support ongoing security operations in an enterprise environment
  • Apply security practices to cloud, on-premises, endpoint and mobile infrastructure while considering cryptographic technologies and techniques
  • Consider the impact of governance, risk and compliance requirements throughout the enterprise

CASP+ is compliant with ISO 17204 standards and is approved by the U.S. DoD to meet directive 8140/8570.01-M requirements. The next version of CASP+ (CAS-004) will launch in October 2021. Updates will qualify the advanced skills required of security architects and senior security engineers to effectively design, implement and manage cybersecurity solutions on complex enterprise networks.

A minimum of 10 years of general hands-on IT experience, with at least five years of broad hands-on security experience is suggested for those pursing CASP+ certification.

In addition to the certification, CompTIA will release a full suite of training products to help you learn and practice penetration testing and vulnerability management skills and prepare for your certification exam.

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The Details

Cyber Risk Analyst Salary Range

The median annual wage for cyber risk analysts is $103,590 (U.S. Bureau of Labor Statistics (BLS).

Cyber Risk Analyst Job Outlook

From 2019 to 2029, The BLS projects an increase of 31% for cyber risk analyst positions, with 40,900 net new jobs expected during that 10-year period.

Job Titles Related to Cyber Risk Analyst

Read about more IT jobs featured in Your Next Move.

Will your next move be cyber risk analyst? If so, download the exam objectives for CompTIA Advanced Security Practitioner (CASP+) to learn more.

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