In 2017 alone, cybersecurity attacks cost organizations nearly $172 billion globally. In light of this, it is anticipated that companies would move to increase their IT staff to ensure that their cybersecurity is full proof. However, new research indicates that this might now be happening at the adequate frequency it required to keep organizations safe.
While it is estimated that global artificial intelligence-based cybersecurity market will grow at a compound annual growth rate (CAGR) of more than 29% between 2018 and 2022, research shows that nearly 63% of organizations have too few cybersecurity workers. According to this research, businesses will be understaffed in the face of cybersecurity attacks.
The employment gap in this particular field could be attributed to several factors including a failure on the recruiters' part to recognize the appropriate experience needed. It is estimated that nearly 46% of professionals are contacted at least once weekly by recruiters while 21% are contacted every day. Fresh talent is less sought after while it doesn't necessarily mean that they lack the know how.
"Being a software professional for almost a decade, I can clearly notice a lack of both the academic training in cybersecurity and the young population of software engineers interest in the matter," said Forbes Middle East's own IT Manager, Abdoullah Tahri Jouti. "The organizations that currently operate in the cybersecurity sector rely on curious resources (sometimes without a university degree or diploma) who take pride in finding a vulnerability into a web application, software or even human based processes."
The gap in young talent might also be more pronounced in the MENA region. According to a survey commissioned by Raytheon, Forcepoint and the US National Cyber Security Alliance, youth in the UAE are more likely to pursue a career in cybersecurity than elsewhere else in the world.
"Now with the rise of tech presence in every side and corner of our lives, with connected fridges, home cameras, door locks, driverless cars and many other life basics. The rise & danger of cyber attacks is growing, yet the growth curve of white hats is not as similar. The gap is real and it should be filled before it's to late," Tahri Jouti adds.