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Lack of cyber-security expertise creates a huge opportunity for contractors

After the recent cyber-attack on the NHS and other organisations, cyber security is certainly a hot topic. So, we were very interested to read about the recent ‘2017 Benchmarking Workforce Capacity and Response to Cyber Risk’ report from the Global Information Security Workforce (GISW) study team. Cyber security is big business According to the new […]

By Alex Graham on 14 Jun 2017
Read time: 2 minutes

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After the recent cyber-attack on the NHS and other organisations, cyber security is certainly a hot topic. So, we were very interested to read about the recent ‘2017 Benchmarking Workforce Capacity and Response to Cyber Risk’ report from the Global Information Security Workforce (GISW) study team.

Cyber security is big business

According to the new survey – which spoke to 19,000 cyber security professionals, 3,694 of which were from Europe – 70% said they would be increasing the size of their teams over the coming year, with 38% of them wanting to increase their cybersecurity workforce by ‘at least’ 15%. Which is not surprising, given recent events!

The concern around this, however, is that two-thirds of those surveyed said they currently didn’t have enough people with the relevant skill-set, and the GISW team are predicting that there will be a shortfall of around 350,000 cyber security specialists by 2022 – just five years away.

Good news for contractors

All of this does, of course, make great reading for IT contractors with the relevant experience, especially when 92% of responders stated that they will prioritise candidates with previous cyber security experience when making hiring decisions. Added to this, the survey also reported that 33% of the cyber-security workforce across Europe is making more than £78,000 per year, and can pretty much pick and choose their jobs – which has also added to many company’s hiring woes.

Picking up on these concerns, the report states, “The combination of virtually non-existent unemployment, a shortage of workers, the expectation of high salaries, and high staff turnover that only increases among younger generations, creates both a disincentive to invest in training and development and a conundrum for prospective employers: how to hire and retain talent in such an environment?”

It’s clear that there is going to be a huge opportunity for cyber-security specialists over the coming weeks, months and even years – so for IT contractors working in other specialisms, it may well be worth investigating the possibility of taking on additional training, so they can take advantage of current and future industry demands.

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