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  • Writer's pictureMark van Vuuren

Cybersecurity skills shortage continues to be a major issue

Cybersecurity is in crisis. The threats keep growing and the skills keep slowing.

In 2022, the global cybersecurity industry saw a dramatic rise in employee turnover. This was due to an increasingly competitive job market, with a large number of qualified candidates competing for the same jobs.

Companies had to adjust their hiring strategies to stay ahead of the competition and recruit the best talent. ISC2 currently estimates the workforce gap at 3.1 million professionals worldwide. There appears to be a shift in entry paths for those newer to cybersecurity.

26% of pros with less than 3 years' experience started in a field other than IT or cyber, whereas just 1 in 5, 20% with 8 or more years of cyber experience started in a field other than IT or cyber.

Moreover, we have a divide in the cyber workforce with most graduates from colleges and universities moving toward technical areas in cybersecurity, with very few in the domain of Governance, Risk and Compliance (GRC), at a time when the biggest need is in GRC. This is a significant risk. Talent is scarce.

If you can’t obtain the skillsets you need to effectively manage cyber risk, then your cyber risk will go unmitigated, which will lead to exposures, high cost of insurance (or loss of insurance), and leave you open to attacks, ransoms and data breaches. According to ISC2, 57% of organizations have unfilled roles they cannot find a suitable pool of candidates.

Additionally, the emergence of cloud-based technology and automation meant that many of the traditional roles in cybersecurity needed to evolve with only some of the existing workforce making the journey with others leaving their positions in search of new opportunities. Despite these shifts, the demand for cybersecurity professionals continued to grow, and the industry remained one of the most sought-after sectors in the tech industry with zero percent unemployment for job seekers.

MSSPs make sense

A managed security services provider (MSSP) can cost-effectively and safely secure physical hardware, networks, data and information. It's a viable option for many businesses that can't find or can't afford to keep cybersecurity talent on the payroll.

An MSSP can cover all the security bases for a company: Firewalls, intrusion detection and intrusion prevention solutions, security event and incident management, managed vulnerability and identity management solutions -- even first-level incident response. It can be difficult, especially in such a severe talent shortage, for companies to find talent to secure each vulnerable area, much less all three.

Corr-Serve distributes cybersecurity solutions for MSSPs that deliver the industry’s best “Comprehensive Cybersecurity Platform for Digital-Era” with millions of hours of laser-focused R&D and Disruptive ML, AI, and platform innovations so that our MSSP partners can keep their thousands of customers ahead of breaches and continuously improve their cybersecurity posture.

Read one of the many MSSP partner’s story on how Seceon aiXDR is driving their revenue and profit growth. MSSP Partners - Seceon

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