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2024: The Year of the Cybersecurity Talent Crunch – Navigating the High Demand Landscape

The demand for cybersecurity talent continues to be a critical issue in 2024.

Cyberattacks 🔐 have seen a notable increase, with 75% of security professionals observing a rise over the past year​​. The global average cost of a data breach in 2023 was $4.45 million, a significant increase from previous years, indicating the growing financial burden of cyber incidents​​.

Ransomware ⚔ continues to pose a major threat, with 72.7% of organizations experiencing such attacks in 2023. The cost of ransomware attacks is projected to surge to around $265 billion annually by 2031​​.

Phishing 🎣 remains the most common email attack method, accounting for 39.6% of all email threats​​.

The Cybersecurity Employment Gap 🧠 

An estimated 4 million additional cybersecurity workers were needed in 2023 to meet employer demands, a 12.6% increase compared to 2022​​. 67% of organizations worldwide report a staff shortage in cybersecurity, impacting their ability to prevent and troubleshoot issues​​.

The shortage of talent makes recruitment a prolonged process, with one in five hiring managers stating it takes over six months to find qualified cybersecurity candidates​​, while Cybersecurity risks continue to evolve, requiring organizations to adapt and embrace strategies like ZeroTrust architecture and AI-driven security solutions​​. Supply chain vulnerabilities and the complexity of data privacy regulations are among the top challenges faced by organizations​​.

70% of cybersecurity roles now take longer to fill compared to two years ago, with 34% of organizations reporting it takes seven months or more to fill a role​​. conseri can help. 


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