There's no question about it. Cyberattacks are neither slowing down nor getting less sophisticated. They are only growing in number and intensity.
The cybersecurity skills gap is one of the biggest problems facing the industry. And that fact alone has profound implications for organizations entering into the space. Problems like H1B Visa delays and tightening immigration policies threaten the industry's ability to hire top talent in critical positions. It is clear on the horizon that a paradigm shift will see an increasing number of companies outsourcing recruiting processes to specialized agencies and firms able to diversify candidate pools with a deeper bench of tech professionals.
The cybersecurity industry is growing at a fast pace and it is difficult to keep up with. Cyberattacks are starting to cost businesses billions, Cybersecurity Ventures expects global cybercrime costs to grow by 15 percent per year over the next five years, reaching USD 10.5 trillion annually by 2025, up from USD 3 trillion in 2015. Despite this, many are ignoring the marketplace but according to Cybersecurity Ventures, the number of unfilled cybersecurity jobs grew by 350 percent, from 1 million positions in 2013 to 3.5 million in 2021.
A startling statistic is resonating in the cybersecurity industry, according to a 2018 New York Times report. Cybersecurity Ventures forecasts that there will be 3.5 million cybersecurity unfilled jobs globally, up from one million roles in 2014.
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