Global Study Reveals Businesses and Countries Vulnerable Due to Shortage of Cybersecurity Talent

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Global Study Reveals Businesses and Countries Vulnerable Due to Shortage of Cybersecurity Talent

82 Percent of IT Professionals Confirm Shortfall in Cybersecurity Workforce 

News Highlights:

  • New report by Intel Security and CSIS reveals current cybersecurity talent crisis
  • Cybersecurity skills shortage is worse than talent deficits in other IT professions.
  • Shortage in cybersecurity skills is responsible for significant damages.
  • Talent shortage is largest for individuals with highly technical skills.
  • Hands-on training and practical training are perceived as better ways to develop skills than through traditional education resources.

Dubai, United Arab Emirates – August 01, 2016 – Intel Security, in partnership with the Center for Strategic and International Studies (CSIS), recently released Hacking the Skills Shortage, a global report outlining the talent shortage crisis impacting the cybersecurity industry across both companies and nations. A majority of respondents (82 percent) admit to a shortage of cybersecurity skills, with 71 percent of respondents citing this shortage as responsible for direct and measurable damage to organizations whose lack of talent makes them more desirable hacking targets.

“A shortage of people with cybersecurity skills results in direct damage to companies, including the loss of proprietary data and IP,” said James A Lewis, senior vice president and director of the Strategic Technologies Program at CSIS. “This is a global problem; a majority of respondents in all countries surveyed could link their workforce shortage to damage to their organization.”

Despite 1 in 4 respondents confirming their organizations have lost proprietary data as a result of their cybersecurity skills gap, there are no signs of this workforce shortage abating in the near-term. Respondents surveyed estimate an average of 15 percent of cybersecurity positions in their company will go unfilled by 2020. With the increase in cloud, mobile computing and the Internet of Things, as well as advanced targeted cyberattacks and cyberterrorism across the globe, the need for a stronger cybersecurity workforce is critical.

Raj Samani
Raj Samani, VP & CTO, EMEA, Intel Security

“The security industry has talked at length about how to address the storm of hacks and breaches, but government and the private sector haven’t brought enough urgency to solving the cybersecurity talent shortage,” said Raj Samani, VP & CTO, EMEA, Intel Security. “To address this workforce crisis, we need to foster new education models, accelerate the availability of training opportunities, and we need to deliver deeper automation so that talent is put to its best use on the frontline. Finally, we absolutely must diversify our ranks.”

The demand for cybersecurity professionals is outpacing the supply of qualified workers, with highly technical skills the most in need across all countries surveyed. In fact, skills such as intrusion detection, secure software development and attack mitigation were found to be far more valued than softer skills including collaboration, leadership and effective communication.

This report studies four dimensions that comprise the cybersecurity talent shortage, which include:

  1. Cybersecurity Spending: The size and growth of cybersecurity budgets reveals how countries and companies prioritize cybersecurity. Unsurprisingly, countries and industry sectors that spend more on cybersecurity are better placed to deal with the workforce shortage, which according to 71 percent of respondents, has resulted in direct and measurable damage to their organization’s security networks.
  2. Education and Training: Only 23 percent of respondents say education programs are preparing students to enter the industry. This report reveals non-traditional methods of practical learning, such as hands-on training, gaming and technology exercises and hackathons, may be a more effective way to acquire and grow cybersecurity skills. More than half of respondents believe that the cybersecurity skills shortage is worse than talent deficits in other IT professions, placing an emphasis on continuous education and training opportunities.
  3. Employer Dynamics: While salary is unsurprisingly the top motivating factor in recruitment, other incentives are important in recruiting and retaining top talent, such as training, growth opportunities and reputation of the employer’s IT department. Almost half of respondents cite lack of training or qualification sponsorship as common reasons for talent departure.

Recommendations for Moving Forward:

  • Redefine minimum credentials for entry-level cybersecurity jobs: accept non-traditional sources of education
  • Diversify the cybersecurity field
  • Provide more opportunities for external training
  • Identify technology that can provide intelligent security automation
  • Collect attack data and develop better metrics to quickly identify threats

For more information on these findings, along with Intel Security’s proposed recommendations, read the full report: Hacking the Skills Shortage: A study of the international shortage in cybersecurity skills.

About Intel Security:

Intel Security, with its McAfee product line, is dedicated to making the digital world safer and more secure for everyone. Intel Security is a division of Intel Corporation. Learn more at www.intelsecurity.com.

Intel and the Intel logo are trademarks of Intel Corporation in the United States and other countries.

*Other names and brands may be claimed as the property of others.

Contacts:

Vernon SaldanhaVernon Saldanha

Procre8 (on behalf of Intel Security)

vernon@procre8.biz

 

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