Talent Monogram

Cyber defences are needed. Are you ready?

Cybersecurity is the hottest topic of 2023. With cyberattacks on the up, companies are recognising that now, more than ever, securing their systems needs to be a top priority. At present, there are over two million cyberattacks recorded per year, and by 2025, these attacks are estimated to have a global cost of $10.5 trillion – a significant increase from the $3 trillion reported in 2015.1 Looking at 2023, cyberattacks have already increased by 7% in the first quarter of the year compared to the same period the year prior, with 1 in 31 global companies experiencing a ransomware attack per week during this time period.2 This highlights the growing need for cybersecurity solutions, and with companies increasingly investing in security projects to protect against cyber criminals, the right tech talent is needed at the helm.

However, talent shortages are making things difficult. It’s estimated that there is a shortfall of 3.4 million cybersecurity candidates globally.3 A global survey has also highlighted that 57% of cyber professionals feel that a shortage of cybersecurity skills has had an impact on their company.4

So, what does this mean for you as a cyber professional? And what if you’re a hiring manager looking to secure this talent for your business? We look at both sides of the coin, with exclusive insights from our recruitment experts and cybersecurity clients, to share what you can do to get ahead in the market.

Before you read on: The clients we interviewed as part of this report spoke to us under the condition that they remain anonymous. This anonymity meant they could speak freely, sharing exclusive insights and predictions that they otherwise may not have been willing to disclose. These experts have allowed us to go beyond the web application firewall to access one-of-a-kind insights that are so valuable, we just might need to encrypt them.

Mark Nielsen

Global CEO - Talent

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