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How A Shortage Of Cyber Professionals Is Affecting Global Economic Health?

Updated: Oct 22, 2021

We are facing a real problem in the information technology industry, and it gets worse every day. Business organizations are experiencing a severe shortage of cybersecurity talent while cybercrime grows exponentially. Insufficient security professionals are available and competition is fierce; security professionals have no shortage of work.

It's no secret that business security in today's world is extremely dangerous—especially when the IT talent shortage continues. In such an environment, cybersecurity skills are increasingly important as remote workers remain throughout the year, and cyber threats grow more sophisticated.

A New Set of Challenges Confronts Businesses Stretched To the Limit

It is apparent that the global talent market lacks advanced cyber skills, and there are insufficient resources across the board. It can be difficult to obtain experienced Security Analysts, Threat Researchers, Security Architects, or Security Analysts. To fill positions such as these usually takes months of searching and considerable investment.

Businesses must also recruit for a 24-hour-a-day, 7-day-a-week cybersecurity team in addition to specializations, making the hiring process extraordinarily difficult. It is extremely difficult to fill positions with work schedules that include work every hour of the day, including weekends and holidays, since cybercriminals do not take a vacation.

This skills drought will result in potentially catastrophic business failures in the face of continued and increasing cloud growth. In a situation of constant turnover and strained resources, companies risk creating these conditions:

The complexity of advanced security needs is being contracted out to inexperienced professionals.

Businesses and teams depend on technology-based solutions for their success but lack the expert knowledge to manage those solutions.

There is a lack of cybersecurity resources and an inadequate setup to deal with threats 24x7x365.

Even though businesses have been able to function under these circumstances, and that the lights have stayed on, this is not acceptable. Some companies continue to expand despite these dire circumstances.

Change Keeps Things the Same As They Continue To Change

We have faced various challenges in 2020. As cyber threats rise, aggravated by financial conditions, they pose challenges for all industries. Attacks have risen during the response to the pandemic and the shift in the workforce. Hospitals, research institutions, and other healthcare organizations have all been seriously impacted by cyberattacks, resulting in breaches, ransomware, and outages - and these trends aren't forecast to end any time soon.

Companies offer inadequate training on the job with the hope that technology can cover the rest of the gap for months at a time - despite the rapidly increasing and expanding demands of cybersecurity.

The rate at which talent production is increasing will keep businesses behind. Reports from Cybersecurity Ventures state that the world will have 3.5 million cybersecurity jobs unfilled by 2021, a significant increase from one million positions in 2014. There are well-founded concerns that the actual number could be higher.

The industry would have a long way to go before a new security framework is developed, and businesses would be further behind even then. Security issues will continue to plague the industry unless there is a rapid inflow of skilled employees.

Today's Security, Tomorrow's Security

Data, networks, devices, and systems must be secure and trustworthy if industries are to succeed. A new approach to fostering knowledge by leveraging the entire ecosystem can help businesses combat the talent drought.

Businesses will continue to see the benefits and success of the cloud as it continues to deliver success and advantages, including application development and hybrid use case migration. To offer a more secure and reliable platform for the future, businesses need to adapt now and tighten their operations.

Author Bio

Neha Singh is the Founder & CEO of Securium Solutions with a demonstrated history of working in the information technology and services industry. She is skilled in ECSA, Vulnerability Management, Security Information and Event Management (SIEM), Management, and Business Development. She loves traveling and trekking.



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