The threat of data breaches and cyberattacks is clearly growing and not decreasing any time soon. In fact, the cost associated with cybercrime is expected to reach $6 trillion this year and $10.5 trillion by 2025.
But how can organizations mitigate cyber risk?
One way involves beefing up your team of cybersecurity professionals, whose job it is to protect an organization's data and systems, while also helping to prevent and predict breaches.
However, the cybersecurity workforce gap is making this quite difficult. So difficult that a recent (ISC)²Cybersecurity Workforce Study found that 56 percent of respondents (security professionals at all levels) believe that cybersecurity shortages are putting their organizations at risk. And with the number of unfilled security jobs expected to reach 1.8 million by 2022, the skills gap is not helping the problem.
Highlighting the severity of the issue are results from a global Information Systems Security Association (ISSA) and Enterprise Strategy Group (ESG) study, which confirmed that the cybersecurity skills shortage is, in fact, exacerbating the number of cyberattacks. The study found that the top two contributing factors to security incidents include a shortage of adequate cybersecurity staff and a lack of training of non-technical employees.
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