This shortage is particularly evident in the Philippines, where it significantly impacts organizations.
Cyber Skills Shortage: A Growing Concern in the Philippines
The report estimates that the global cybersecurity workforce needs an additional 4 million professionals to meet demand. In the Philippines, 77% of organizations say this shortage puts them at greater risk. The key findings for the Philippines reveal:
Rising Breaches Due to Skills Gap: A staggering 94% of organizations in the Philippines reported experiencing a cybersecurity breach in the past year, up from 92% in 2023. Many of these breaches are partly blamed on the lack of cybersecurity skills.
Increased Impact on Businesses: Cyber breaches are hitting businesses harder than ever, with 62% of companies reporting that executives faced serious consequences like fines, job loss, or even jail time due to these incidents. Moreover, 52% of respondents noted that breaches cost their organizations over $1 million in lost revenue and other expenses last year.
Cybersecurity as a Business Priority: Boards of directors are taking cybersecurity more seriously, with 80% of organizations reporting increased focus on security in 2023. A massive 94% of respondents said their board views cybersecurity as a top business priority.
Cyber Skills Shortage: A Growing Concern in the Philippines
The report estimates that the global cybersecurity workforce needs an additional 4 million professionals to meet demand. In the Philippines, 77% of organizations say this shortage puts them at greater risk. The key findings for the Philippines reveal:
Rising Breaches Due to Skills Gap: A staggering 94% of organizations in the Philippines reported experiencing a cybersecurity breach in the past year, up from 92% in 2023. Many of these breaches are partly blamed on the lack of cybersecurity skills.
Increased Impact on Businesses: Cyber breaches are hitting businesses harder than ever, with 62% of companies reporting that executives faced serious consequences like fines, job loss, or even jail time due to these incidents. Moreover, 52% of respondents noted that breaches cost their organizations over $1 million in lost revenue and other expenses last year.
Cybersecurity as a Business Priority: Boards of directors are taking cybersecurity more seriously, with 80% of organizations reporting increased focus on security in 2023. A massive 94% of respondents said their board views cybersecurity as a top business priority.
The Value of Certifications in Cybersecurity
Certifications continue to be highly valued in the cybersecurity industry, with business leaders recognizing their importance:
Certification Preference: Over 90% of respondents prefer hiring candidates who hold cybersecurity certifications.
Impact on Security: An impressive 98% of leaders believe that certifications improve their organization's security posture, and many are willing to pay for their employees to obtain them.
Challenges in Hiring Certified Professionals: Despite the high demand for certified candidates, 84% of organizations find it difficult to find professionals with the necessary certifications.
Certifications continue to be highly valued in the cybersecurity industry, with business leaders recognizing their importance:
Certification Preference: Over 90% of respondents prefer hiring candidates who hold cybersecurity certifications.
Impact on Security: An impressive 98% of leaders believe that certifications improve their organization's security posture, and many are willing to pay for their employees to obtain them.
Challenges in Hiring Certified Professionals: Despite the high demand for certified candidates, 84% of organizations find it difficult to find professionals with the necessary certifications.
Expanding the Talent Pool
To address the cybersecurity workforce shortage, some organizations are broadening their hiring criteria:
Diverse Recruitment: More companies are setting goals to recruit from diverse talent pools. The report shows that 88% of organizations have diversity hiring goals, with noticeable increases in hiring women, minorities, and veterans compared to previous years.
Balancing Traditional and Non-Traditional Credentials: While certifications are valued, 92% of organizations still require a four-year degree, and 68% prefer candidates with traditional backgrounds.
Building Cyber Resilience
With the increasing threat of cyberattacks, organizations are focusing on a three-part strategy to strengthen their defenses:
Training and Certifications: Investing in cybersecurity training and certifications for IT and security teams to build essential skills.
Awareness Training: Developing a cyber-aware workforce to serve as the first line of defense against attacks.
Advanced Security Solutions: Implementing robust security solutions to maintain a strong security posture.
Fortinet supports these efforts with its extensive range of cybersecurity products and training programs. Through the Fortinet Security Fabric platform and the Fortinet Training Institute, the company offers comprehensive resources to help organizations improve their security and build a more resilient cyber workforce.
To address the cybersecurity workforce shortage, some organizations are broadening their hiring criteria:
Diverse Recruitment: More companies are setting goals to recruit from diverse talent pools. The report shows that 88% of organizations have diversity hiring goals, with noticeable increases in hiring women, minorities, and veterans compared to previous years.
Balancing Traditional and Non-Traditional Credentials: While certifications are valued, 92% of organizations still require a four-year degree, and 68% prefer candidates with traditional backgrounds.
Building Cyber Resilience
With the increasing threat of cyberattacks, organizations are focusing on a three-part strategy to strengthen their defenses:
Training and Certifications: Investing in cybersecurity training and certifications for IT and security teams to build essential skills.
Awareness Training: Developing a cyber-aware workforce to serve as the first line of defense against attacks.
Advanced Security Solutions: Implementing robust security solutions to maintain a strong security posture.
Fortinet supports these efforts with its extensive range of cybersecurity products and training programs. Through the Fortinet Security Fabric platform and the Fortinet Training Institute, the company offers comprehensive resources to help organizations improve their security and build a more resilient cyber workforce.
No comments:
Post a Comment