03 Mar Cybersecurity Jobs Report Q3 2015
Cybersecurity Jobs Report
A SPECIAL REPORT FROM THE EDITORS AT CYBERSECURITY VENTURES
The Cybersecurity Jobs Report provides cybersecurity job market trends, statistics, notable employment activity, and resources for job seekers, employment managers, recruiters, search firms, corporate executives, engineers, consultants, and sales and marketing executives.
Cybersecurity workforce shortage to reach 1.5 million by 2019.
- “The demand for the (cybersecurity) workforce is expected to rise to 6 million (globally) by 2019, with a projected shortfall of 1.5 million” stated Michael Brown, CEO at Symantec, the world’s largest security software vendor.
- The “Cisco 2014 Annual Security Report” warns that the worldwide shortage of information security professionals is at 1 million openings, even as cyberattacks and data breaches increase each year.
- More than 209,000 cybersecurity jobs in the U.S. are unfilled, and postings are up 74 percent over the past five years, according to a Peninsula Press (a project of the Stanford University Journalism Program) analysis of numbers from the Bureau of Labor Statistics. The demand for information security professionals is expected to grow by 53 percent through 2018.
- A recent CNBC story quotes a Rand Corporation study which estimates there are around 1,000 top-level cybersecurity experts globally vs. a need for 10,000 to 30,000.
- “The cybersecurity job market is on fire” says Veronica Mollica, founder and executive information security recruiter at Indigo Partners, Inc. in Fairfield CT. “Our candidates are facing competing offers from multiple companies with salary increases averaging over 30 percent. Current employers are scrambling to retain talent with counter offers including 10 percent and higher salary increases for information security team members to remain on board” adds Mollica.
- According to a recent report from DICE, a leading IT job board, the top five IT security salaries are: No. 1 – lead software security engineer at $233,333; No. 2 – chief security officer at $225,000; No. 3 – global information security director at $200,000; No. 4 – chief information security officer at $192,500; and No. 5 – director of security at $178,333.
- IDC predicts that “by 2018, fully 75 percent of chief security officers (CSO) and chief information security officers (CISOs) will report directly to the CEO, not the CIO”. This will arguably push those positions higher up in to the salary stratosphere.
- U.S. News and World Report ranked a career in information security analysis eighth on its list of the 100 best jobs for 2015. They state the profession is growing at a rate of 36.5 percent through 2022.
- “Traditional manual approaches to cybersecurity are proving to be unsustainable.” said Brett Helm, Chairman and CEO of DB Networks. “Intelligent IT security automation through machine learning and behavioral analysis is faster, more accurate, and frees up skilled professionals to focus on more critical issues.”
- According to a 451 Research Q2 2015 study, based on responses from over 1,000 IT professionals, primarily in North America and EMEA, security managers reported significant obstacles in implementing desired security projects due to lack of staff expertise (34.5 percent) and inadequate staffing (26.4 percent). Given this challenge, only 24 percent of enterprises have 24×7 monitoring in place using internal resources.
- “Signature-based security products fire hose an endless stream of insignificant alerts and false positive alerts to the SOC overwhelming the staff,” said Steve Hunt, President and COO of DB Networks. “The lost time and productivity of that approach is staggering. Behavioral analysis is field proven to be extremely accurate identifying attacks, substantially reducing false positives, resulting in far less staffing requirements.”
Steven C. Morgan, Editor-In-Chief
- is Founder and CEO at Cybersecurity Ventures, and Editor-In-Chief of the Cybersecurity Market Report and the Cybersecurity 500 list of the world’s hottest and most innovative cybersecurity companies. Steve writes the weekly Cybersecurity Business Report for IDG’s CSO, and he is a contributing writer for several business, technology, and cybersecurity media properties.
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