Is there a shortage of cybersecurity professionals?

by Rohan Mathew
Is there a shortage of cybersecurity professionals?

The fast and more significant development of cybersecurity indeed faces an enormous scarcity of skilled professionals.

In recent years, the expansion of digitalization has been highly exponential. There was an overwhelming increase in the need for cybersecurity experts or cybersecurity professionals. Indeed, cyberspace improved the chances of becoming a self-educated cybersecurity expert in almost anything.

Key points:

  • The industry is currently confronting a shortage of highly qualified professionals.
  • About half a million professionals are needed in cybersecurity jobs around the country. As firms move to remote work, several cyber experts, especially IT support, are reassigned to new jobs.

It is precisely why, over the past few years, several institutes and courses have emerged to convey expertise to new and future applicants who are interested and passionate about their profession in this industry.

Massive effects/challenges in the Cybersecurity industry

  1. Re-tasking: According to an April poll from the world’s most prominent certified cybersecurity experts (ISC)2, cybersecurity personnel were taken off part or all of their traditional security responsibilities to support other IT responsibilities, including equipping mobile personnel. The study of 256 cyber professionals showed that almost half were re-tasked. A quarter of cybersecurity incidents had grown after their remote work switch. Some observed that the frequency of occurrences was twice. The Information Systems Security Association has identified a 63 percent spike in cyberattacks associated with the pandemic as a “once-in-a-lifetime opportunity to hackers and online scammers.”
  2. Work from home: Research by the International Consortium of Minority Cyber Security Professionals (ICMCP) and CyberVista shows that around 62 percent of employees began working from home. That’s not a slight difference. Suddenly, many employees work on consumer routers and broadband consumer networks. They use home equipment, such that other family members and threat players can access the same gadgets used to access critical resources physically or virtually. Suddenly, without any extensive planning or tests, the transition took place. 

Cybersecurity specialists across the country have been tasked with ensuring that their personnel not only function efficiently from remote locations but are also safe from home during the coronavirus outbreak. This quick change is a big order for an industry that needed talented personnel long before the crisis.

  1. Revenue changes: Some companies had significant hits, and a few rose due to higher demand. The loss of income mainly affected employment. Although there is considerable need, according to the International Information System Security Certification Consortium ((ISC)2) Cybersecurity Workforce Study 2020, more than half (54 percent) of cybersecurity personnel are concerned about spending on hiring because of a loss of income from a pandemic. Many experts expect the budget to rise, even if the revenue falls in most companies. 

How firms overcome talent shortages?

Cybersecurity specialists are seriously in shortage, and alarm bells sound, as digital employees are essential in resisting these expanding cyber assault trends. As the demand is stationary, it takes 20 percent longer to fill cybersecurity jobs than other IT roles. In the pandemic, cybercrime is increasing, and the need for specialists is being highlighted further to bridge the gap.

According to the research, cybercrime in the Asia Pacific has risen by 600 percent. While countries have taken lockdown and quarantine measures, people at home have spent much more than ever online, creating a new array of cybercriminal opportunities. From February to May 2020, the study detected 19 million ransomware and phishing attacks in Asia, it stated.

Almost 95% of companies in APAC have insufficient cybersecurity policies, putting them exposed to attacks. They are particularly vulnerable. “It is certainly the start to invest in the correct tools, but one of the best solutions to fill the security gaps is by hiring the right talents in terms of cybersecurity,” the research says.

India has seen a lot of critical cyber-attacks around the world. There have been several infringements in the past year, leading to investments in security in businesses such as banking, finance, and telecommunications. New demand also arose from manufacturing, healthcare, hotels, retail, R&D, and IP-based firms.

“Many enterprises have no resources to deal with this threat at present, which means they are improving their capacity in the house, outsourcing information security to professionals, or reaching cybersecurity corporations as a service provider,” says the report.

Cybersecurity improvement is one of the highest goals this year for 74 percent of organizations. According to the report, the Cyber Security Market of Asia Pacific, which recorded $30.45 billion in 2019, is predicted to exhibit a CAGR of 18.3 percent over 2020-25.

Companies should use specific strategies to establish a robust cybersecurity team and not to put down workforce shortages on their companies. It is an excellent start to recruit, train and upskill additional personnel. The survey also urged that firms pay careful attention to new employees, particularly fresh graduates, or recently begun their career in cybersecurity. 

Final words:

Cybersecurity is an area that demands that you have exceptional love for cybersecurity so that you may learn it most enthusiastically and succeed in it. All you need is to understand the degree of precautions, standard procedures, hack a system ethically, and know how to access it and remove it to avoid unwanted access to the system.

And thus, you need a closer insight into specifics, deeper analysis, and a constant learning mind in this subject. Significantly, this field develops as it changes with new technology daily. Having stated that, you, as an aspirant, will have to keep up-to-date, always on the task of knowing more about trends and practices in the sector.

The most admirable aspect of cybersecurity is that it is an enormous empire with several subfields, and you focus on the subject you like the best. You can choose a specialty, and it would help if you were one for the role. Better to have a thorough understanding of the subject from the industry’s cybersecurity specialist.

Joining a good and reputed institute with the best of the industry specialists is an intelligent choice. Your trainers provide you the most practical insider advice and support you with 100% placement support.

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