With the rise of major incidences of cyberterrorism, companies are assembling larger teams focusing on cybersecurity. How will this affect the labor market for cybersecurity experts?

Question

Quizplus · Accepted Answer

The demand for cybersecurity experts increases as companies focus more on cybersecurity, leading to higher equilibrium wages due to increased demand. Additionally, the number of workers in the field is likely to rise as more individuals are attracted to the profession by higher wages and greater job opportunities.

With the Rise of Major Incidences of Cyberterrorism, Companies Are