2017 Global Information Security Workforce Study has found that European companies are expected to go on a cyber security hiring spree in the next year, resulting in a potential skills shortage of 350,000 cyber security professionals across Europe by 2022, Raj Samani, Fellow and Chief Scientist at McAfee commented below.
Raj Samani, Fellow and Chief Scientist at McAfee:
It is unsurprising that a growing number of companies are now looking to invest in cyber expertise. Last month, the Government’s Cyber Security Breaches Survey 2017 indicated that three-quarters of UK businesses state that cybersecurity is a high priority for their senior management.
Demand for cyber professionals amidst a skills shortage is growing rapidly. This is driving up wages, with a recent report indicating that CISO salaries in Europe are topping 1 million euros. The impact of this rising price for cyber expertise is that smaller and public sector organisations may find themselves priced out of employing top talent.
Organisations in this situation will therefore need to rely even more heavily on technology, introducing the automation of basic processes to ensure that they’re effectively and efficiently protecting their organisation. Only by automating repetitive security practices, that IT and security professionals currently spend a wealth of time on, will they be able to apply themselves to developing a comprehensive security strategy for their organisation.