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Cybercrime will More Than Triple the Number of Job Openings Over the Next 5 Years

Posted By - DynamicCISO,

This report has been compiled by Steve Morgan, founder, and Editor-In-Chief at Cybersecurity Ventures

Cybersecurity Ventures has reviewed and synthesized dozens of employment figures from the media, analysts, job boards, vendors, governments, and organizations globally, towards predicting the number of cyber security job openings over the next 5 years.

The cyber security job forecasts have been unable to keep pace with the dramatic rise in cybercrime, which is predicted to cost the world $6 trillion annually by 2021, up from $3 trillion in 2015.

The 2014 Cisco Annual Security Report ventured what became a widely popular cyber security jobs forecast over the past 3 years, originally stating “It’s estimated that by 2014, the industry will still be short more than a million security professionals across the globe.”

In 2015, Symantec expected the demand for cyber security talent would rise to 6 million globally by 2019, with a projected shortfall of 1.5 million.

A 2016 skills gap analysis from ISACA estimated a global shortage of 2 million cyber security professionals by 2019 (a half-million more than Symantec’s prior estimate), according to the UK House of Lords Digital Skills Committee.

The National Association of Software and Services Companies (NASSCOM) recently estimated that India alone will need 1 million cyber security professionals by 2020 to meet the demands of its rapidly growing economy.

Demand for security professionals in India will increase in all sectors due to the unprecedented rise in the number of cyberattacks, according to NASSCOM. Despite having the largest information technology talent pool in the world, India is highly unlikely to produce an adequate number of professionals to close the cybersecurity skills gap.

In 2017 the U.S. employs nearly 780,000 people in cybersecurity positions, with approximately 350,000 current cyber security openings, according to CyberSeek, a project supported by the National Initiative for Cybersecurity Education (NICE), a program of the National Institute of Standards and Technology (NIST) in the U.S. Department of Commerce.

The current number of U.S. cyber security job openings is up from 209,000 in 2015. At that time, job postings were already up 74 percent over the previous five years, according to a Peninsula Press analysis of numbers from the Bureau of Labor Statistics.

Europe faces a projected cyber security skills gap of 350,000 workers by 2022, according to a study by an information security certification body (ISC)2.

Robert Herjavec, founder, and CEO at Herjavec Group, a Managed Security Services Provider with offices and SOCs (Security Operations Centers) globally, says, ”Unfortunately the pipeline of security talent isn’t where it needs to be to help curb the cybercrime epidemic. Until we can rectify the quality of education and training that our new cyber experts receive, we will continue to be outpaced by the Black Hats.”

Every IT position is also a cybersecurity position now. Every IT worker, every technology worker, needs to be involved with protecting and defending apps, data, devices, infrastructure, and people. The cybersecurity workforce shortage is even worse than what the jobs numbers suggest.

Related Tags - Steve Morgan, Cybercrime, Cybersecurity Ventures, Jobs, NASSCOM, NIST

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