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Major trends and challenges in the cyber security industry

Experts agree that there is a skills shortage for cyber security professionals and the gap between demand and supply continues to grow. A short compendium of recent industry articles highlights the extent of the skills gap ...

Project gives Canadian military veterans a second career in cyber security industry

It’s no secret Canada has a severe technology industry skills shortage, but a new partnership between the Canadian Advanced Technology Alliance (CATA), Human Firewall Solutions (HFS),Veterans Affairs Canada (VAC) and the Canadian Armed Forces (CAF) is hoping to change that.

The public and private sector collaborative effort was announced at CATA’s Innovation Gala on May 17, 2017 with the goal of helping veterans use their military skills and training in apprenticeship job placements with “leading Canadian public and private sector employers.”

The program also strives to help provide military veterans with access to low-cost and no cost industry training to help them further develop and advance in their new careers.



Companies need help to tackle Security Needs

Companies can’t do everything themselves. This means getting more out of your existing security resources, not just adding more. Technical expertise can be learned. If you’re finding the job market a bit tight these days, you must not be in cybersecurity. According to recent estimates, there will be as many as 3.5 million unfilled positions in the industry by 2021. This puts many organizations in a tight spot, as security engineers are hard to find and command top salary figures when available.



Security jobs are unfilled despite High Salaries

Today, the U.S. Department of Commerce estimates there are around 350,000 cybersecurity jobs currently unfilled in the U.S. Cybersecurity analytics and research company Cybersecurity Ventures released data that indicate 3.5 million cybersecurity jobs are likely to go unfilled globally by 2021, making this an excellent career path. But he adds that even top cybersecurity executives have entered the field from leadership positions in IT and risk, only to get those critical cybersecurity certifications later. Salaries for cybersecurity staff range from $90,000 to more than $200,000 for more experienced employees, including jobs such as information risk managers and security engineers, according to career information company Glassdoor.



Lack of Cyber Security Staff is a Growing Threat

While the headlines on cyber security threats tend to focus on advanced persistent threats, sophisticated and targeted attacks and polymorphic malware, a new cyber security threat has been quietly bubbling away and growing worse by the day. The lack of skilled cyber security professionals has been growing steadily worse over recent years, according to multiple sources.


The event will launch a new initiative called the Cybersecurity Skills Initiative (CSI) to attract new talent to the field, and brings together a broad coalition of industry, academic and government partners, led by Skillnet Ireland. Respondents were asked if their organisation had a problematic shortage of cyber security skills.



Cyber Security Skills Gap is Projected to Increase

A 2016 skills gap analysis from ISACA estimated a global shortage of 2 million cybersecurity professionals by 2019 (a half-million more than Symantec’s prior estimate), according to the UK House of Lords Digital Skills Committee. Cybersecurity Ventures has reviewed and synthesized dozens of employment figures from the media, analysts, job boards, vendors, governments, and organizations globally, in order to estimate the number of cybersecurity job openings over the next 5 years.

In 2015, Symantec expected the demand for cybersecurity talent would rise to 6 million globally by 2019, with a projected shortfall of 1.5 million. The cybersecurity jobs forecasts have been unable to keep pace with the dramatic rise in cybercrime, which is predicted to cost the world $6 trillion annually by 2021, up from $3 trillion in 2015.