Tuesday, June 6, 2023

Security failures are increasing because of the lack of cybersecurity skills

Security failures are increasing because of the lack of cybersecurity skills

The number of organizations experiencing five or more security breaches has increased by 53%, due to staff shortages

83% of boards advocate hiring more IT security staff, highlighting the high demand for talent

Fortinet (NASDAQ: FTNT), the global cybersecurity leader driving the network and security convergence, today released its Cybersecurity Gap Report 2023, revealing the challenges to cybersecurity skills shortages currently affecting organizations around the world. The main conclusions of the global report are:

  • Cybersecurity skills shortages have contributed to critical IT positions not being filled, increasing organizational risks such as cybersecurity breaches.
  • Cybersecurity continues to be a priority for the boards of directors of organizations and the demand for more personnel in the field of information security.
  • Technology-focused certifications are highly valued by employers, as they serve as a validation of skill boundaries.
  • Organizations are recognizing the benefit of recruiting and retaining a diverse talent pool to help address e-skills shortages, but doing so is challenging.

For John Maddison, EVP of Products and CMO at Fortinet “Cybersecurity talent shortages are one of the top challenges facing organizations, as revealed in Fortinet’s latest Cybersecurity Skills Gap Report. In the current environment, organizations must opt ​​for solutions that, thanks to automation, relieve teams of work load, while continuing to focus on improving skills and practicing cybersecurity.”

A valuable aspect of the growing cybersecurity skills gap

There are an estimated 3.40 million professionals to cover the global shortage of cybersecurity employees. The Cybersecurity Skills Gap Report 2023 found that the number of organizations with five or more security gaps will increase by 53% from 2021 to 2022. One consequence is that more cybersecurity teams are struggling to respond to thousands of alerts and daily threats. manage disparate solutions to adequately protect their organizational devices and data.

In addition, due to IT positions failing due to a lack of professionals, the report highlights that 68% of organizations indicate that they face additional cyber risks. Also, other data that highlights the increase in cyber risks, which could be partly attributed to the lack of talent, are the following;

  • Security concerns are on the rise: 84% of organizations have experienced cyber security intrusions in the past 12 months, up from 80% in the past year.
  • Several organizations are financially affected by the free: Nearly 50% of organizations experienced breaches in the last 12 months that cost more than $1 million to fix, an increase of 38% in affected organizations compared to last year’s report.
  • Cyber ​​attacks will continue to grow: At the same time, 65% of Organizations expect the number of cyberattacks to grow in the next 12 months, further proving the need for cybersecurity resources to strengthen Organizations’ security positions.
  • Lack of skills is one of the main issues of the board; The report revealed that more than 90% of board directors (93%) are wondering how to protect the organization against cyberattacks. At the same time, 83% of boards advocate hiring more IT security staff, highlighting the demand for talent in the cybersecurity industry.

Develop talent with training

The report also suggests that employers recognize that training and certification can benefit their organizations in addressing the skills gap, as well as the ability to attract talent. Here are some highlights from the relationship between the relationship and the routine;

  • Entrepreneurs look for certifications: In addition to experience, employers view certifications and training as a valid validation of each skill. 90% of business managers prefer to hire professionals with technology-focused certifications, up from 81% the previous year. In addition, 90% of those surveyed would pay an employee to obtain a cybersecurity certification.
  • Certifications help both organizations and individuals; More than 80% of respondents to the report indicated that their organization would benefit from cybersecurity certifications, and 95% of business leaders confirmed that certifying themselves or their teams has positively improved their business.
  • Not enough doctors are certified: Although certifications are highly valued, more than 70% of those surveyed state that it is difficult to find professionals with certifications.

Incorporate new groups to solve the shortage of talent

Although the report shows that organizations are looking for ways to tap into new talent gaps for cybersecurity positions, and 8 out of 10 organizations have diversity goals within their hiring practices, about 40% of organizations have admitted to having difficulty finding qualified candidates who are women. veterans or minors.

  • The report shows only a 1% year-over-year increase in the number of female employees (88% in 2021 and 89% in 2022) and minorities (67% in 2021 and 68% in 2022).
  • Hiring veterans is down compared to last year. The number of agencies reporting hiring military veterans dropped from 53% in 2021 to 47% in 2022.

Fortinet’s Commitment to the Skills Gap

To address the skills shortage, Fortinet is mandated to help organizations improve cyber risk management with automation and services powered by Machine Learning, as well as increasing access to training.

Specifically, Fortinet has committed to 1 million people in cybersecurity by 2026 with the goal of helping increase access to security professionals and talent pools looking to upskill and retire.

The Fortinet Skills Gap Report:

  • The study was conducted among more than 1,800 IT and/or cybersecurity decision makers from 29 different locations.
  • Respondents belong to various energy sectors, such as technology (21%), industry/manufacturing (16%), and financial services (13%).

. Read the full article on Frikipandi Security breaches increase due to lack of cybersecurity leadership.

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