New research shows corporate demand for cybersecurity skills is rising faster than internal supply, with innovative thinking needed to plug the gap--both in the acquisition and retention of key talent.
A new report by Capgemini's Digital Transformation Institute highlights an urgent and growing cybersecurity talent gap, calling for new recruitment and retention strategies to help organizations contain cyber risks and build competitive advantage. The report, Cybersecurity Talent: The Big Gap in Cyber Protection, demonstrates that of all the digital skills necessary for organizations with aspirations of digital leadership, cybersecurity represents the biggest gap between demand for those skills and internal supply.
The report surveyed over 1,200 senior executives and front-line employees and analyzed social media sentiment of more than 8,000 cybersecurity employees. Sixty-eight percent of organizations reported high demand for cybersecurity skills compared to 61% demanding innovation skills and 64% analytics skills. Demand for these skills was then set against the availability of proficient skills already present in the organization. This identified a 25 percentage point gap for cybersecurity skills (with 43% availability of proficient skills already present in the organization), compared to a 13 percentage point gap for analytics (51% already present) and a 21 percentage point gap for innovation (40% already present).
"The cybersecurity skills gap has a very real effect on organizations in every sector," says Mike Turner, Chief Operating Officer of Capgemini's Cybersecurity Global Service Line. "Spending months rather than weeks looking for suitable candidates is not only inefficient it also leaves organizations dangerously exposed to rising incidents of cybercrime. Business leaders must urgently rethink how they recruit and retain talent, particularly if they wish to maximize the benefits from investment in digital transformation."
The demand for precious cybersecurity talent is projected to grow over the next 2-3 years with 72% of respondents predicting high demand for cybersecurity in 2020, compared to 68% today. Set against increasing incidents of cyberattacks and the need for organizations to not only protect themselves but also maximize competitive advantage from digitization, the report recommends a series of tactical priorities for business leaders.
Priority I--integrate security
The first priority for companies is to assess how well...