As per the stats, organizations worldwide spend approximately $200 billion per year on cybersecurity. Still, they face a 28% gap in filling cybersecurity jobs, impeding their ability to escalate the cyber threats.
However, companies have begun to use the power of artificial intelligence to detect deviations, such as future analysis. Nevertheless, these advances have created more weaknesses and the need to hire even more talented employees with updated cybersecurity knowledge.
The study performed by BCG and Global Cybersecurity Forum on the global cybersecurity workforce with 6,000 respondents from 48 countries, as well as workshops and interviews, shares valuable insights on bridging the workforce shortage and skills gap.
The world’s transition to digitization has increased the risk of cyberattacks and cyber-related crimes with costs of up to $2.2 trillion. Moreover, 58% of cybersecurity leaders have raised concerns about AI-enabled cyberattacks.
Identifying and hiring skilled professionals has been a challenge in cybersecurity recruitment. Cybersecurity recruiters use a broad perspective on candidate qualifications, such as:
The study performed by BCG and Global Cybersecurity shows the most significant skill gaps in cybersecurity leadership, network security, security architecture, and cloud security are likely to be persistent for the next five years.
Cybersecurity executives demand technical expertise, business sense, and deep security knowledge. The illustration above shows that cybersecurity leadership is going to be challenging for 50% of organizations in the future. The confluence of cybersecurity and business sense is paramount but not so easy to find.
Looking at the latest trends, a cyber attack occurs every 39 seconds. Less than 40% of organizations find themselves ready to push them back. Instead of investing in information security, they need to check with the people.
Human errors like lost devices, emailing to the wrong addressee, or opening a phishing email are some major human errors resulting in a cyber breach. Before working on tech solutions, organizations have started working on cyber-ready talent.
Cybersecurity executive search firms understand the connection between vulnerabilities and the global economy. Cybersecurity executive search refers to leveraging experience and expertise to help client organizations with their unique cybersecurity needs to hire the best leadership talent. Cybersecurity executive search firms understand the connection between vulnerabilities and the global economy.
A: Companies allocate sufficient funds to increase cyber security measures; However, the rapid development of technology and the increasing intensity of cyber threats require a tireless requirement for fresh competence, resulting in the absence of qualified professionals.
A: Companies can customize their search parameters so that they can find individuals with adaptable abilities to improve their current workforce skills and allocate resources for training measures.
A: Recruiters seek candidates who have strong analytical skills, a desire to learn, dedication, adaptability to new technologies, and relevant technical expertise.
A: The process of detecting cyber security officers helps in search of leaders who have a harmonious mix of technical skills, commercial skills, and a forward-looking approach, enabling them to fully handle cyber security threats.
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