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The cyber security industry is a dichotomy. While the demand for cyber security professionals is high as all get-out, there is also a significant talent gap in the domain. The expansion of the digital ecosystem has heightened the need for qualified cyber security experts to deal with newer and more advanced threats. As per the US Bureau of Labour Statistics, the demand for Information Security Analysts alone is estimated to rise to 31% by 2029.
With the increasing shortage of trained cyber security professionals, it is becoming difficult to fill the talent gap in the cyber security industry. In the last few years, several studies on cyber security and skills shortages have been conducted by various organisations. The Enterprise Strategy Group (ESG) and the ISSA survey conducted in July 2020 shows that 70% of the participants believe their companies have been impacted by the global cyber security skills shortage.
So amidst the increasing industry demand, why is the skill gap in the cyber security industry increasing? While there are many reasons, the following three causes are the most noteworthy ones:
Now the question is, how do we address these challenges? Like other major issues, a multi-layered approach to the skills shortage demands leg work. Here are four ways to bridge the cyber security skill gap:
While we will not be able to bridge the skill gap in the cyber security industry overnight, we can start by encouraging our youth to build a career in cyber security. We also need to promote work environments where everyone understands the criticality of the cyber security profession, where awareness about it becomes a topic of day-to-day conversation for all.