A year ago, the cost of cyber attacks on organizations across the world rose to a staggering $172 billion. With this in mind, it is expected that organizations will seek to hire more Information Technology personnel for making sure that their cyber defense is watertight. But, according to a recent study, this may not be occurring at the sufficient rate that is needed to keep companies secure.
Even though the AI based cyber security industry is supposed to expand globally at a compound annual growth rate of over 29 percent from the current year till 2022, the study reveals that around 63 percent of companies do not have sufficient IT staff. As per the study, organizations will be short-staffed in the event of cyber attacks and data breaches.
There are a number of reasons and factors behind the employment gap in IT. One of the most significant factors is that organizations fail to understand the importance of hiring IT personnel. It is reckoned that almost 46 percent of professionals are reached out to not less than one time in a week by recruiters whereas 21 percent of professionals are contacted once a day. Newbies are not pursued as much as experienced professionals, even though it does not necessarily imply that they do not have the adequate knowledge.
Forbes’ Middle East IT Manager, Abdoullah Tahri Jouti says given that he has been working in the software industry for around ten years, he can certainly see not only the need of educational training in cyber security but also a deficiency of the youth population of IT engineers’ interest in cybersecurity. The companies presently working in the cyber security industry depend on inquisitive minds, some of them do not have a college degree or diploma, and these inquisitive minds take satisfaction in discovering a flaw in a web app, program, and man-based computations.
This young talent gap is more noticeable in the Middle East and North Africa area than in any other part of the globe. As per a study, the young people in the United Arab Emirates are more inclined to have a career in the IT and security sector as compared to the other parts of the planet.
Abdoullah Tahri Jouti also states that due to the evolution of technology in every nook and cranny of people’s day-to-day lives with CCTV, smart locks, internet refrigerators, autonomous vehicles, etc., the risks and frequency of cyber attacks are increasing. However, the rate at which white-hat hackers are being employed does not match the pace of cyber attack growth. This gap needs to be addressed when it is still time.