In a constantly changing technological world, new cyber threats continue to escalate in sophistication and frequency, with data breaches alone costing global markets an average of $3.62 million USD a year1.

Organizations face the continuous challenge of recruiting skilled cybersecurity professionals to meet the demand. As technology marches on, new threats begin to emerge, and with these new threats comes an increased demand for trained, dynamic professionals who can effectively handle them.

The Herjavec Group predicted that there would be 3.5 million cybersecurity job openings by 20212, which means a near 66% growth from when the report was published in 20183.  In other words, by the end of 2021, the market is looking at an additional 8,000 cybersecurity roles that will need to be filled1. With our workplaces and lives continuously shifting further into virtual spaces due to innovation, the COVID-19 crisis pushing more workers into working remotely, and other rapid-fire changes, the demand for cyber security professionals has never been greater, and job searches have increased tenfold. Yet, 62% of cyber-professionals say that their organization’s team is understaffed, and 57% say that they still have unfilled cybersecurity positions on their team4.

One wonders, then, why there is such a large divide between unfilled positions and those able to fill them.

As the call for more efficient cybersecurity increases, the employment “gap” problem between the sea of jobs created and the individuals who seek them becomes all the more prevalent. Canada (and the rest of the world) is currently facing a chronic gap between cybersecurity talent and demand, not only in terms of positions remaining unfilled but in who is filling them.

To tackle this chronic shortage and gap in the cybersecurity job market, it is important to understand how far it reaches, and how it works.

#PhelpsCybersecurity #MindTheGap #Cybersecurity #TalentedProfessionals

 

Sources:

[1] https://www.whitehorncapital.com/whitehorn-blog/2019/9/18/cybersecurity-workforce-shortage-in-canada

[2] https://www.herjavecgroup.com/wp-content/uploads/2018/11/HG-and-CV-Cybersecurity-Jobs-Report-2018.pdf

[3] https://www.publicsafety.gc.ca/cnt/rsrcs/pblctns/ntnl-cbr-scrt-strtg/index-en.aspx

[4] https://www.helpnetsecurity.com/2020/02/25/cybersecurity-hiring-retention/