Introduction

The shortage of cybersecurity professionals continues to be a huge challenge for organisations around the globe. According to Cybersecurity Ventures, there will still be an estimated 3.5 million unfilled cybersecurity jobs worldwide in 2025.

A government report in 2023 found that there is an estimated shortfall of 11,200 people to meet the demand of the UK’s cyber workforce (down from 14,100 in 2022, largely due to slower growth of the sector).

Compounding this skills gap is the rising cost of damages resulting from cybercrime, which is expected to reach $10.5 trillion by 2025 – a nearly 300% increase since 2015.

Digging deeper into the cybersecurity skills shortage

Organisations of every size and sector have faced a tough few years, with the global pandemic and ensuing economic uncertainty. These challenges have likely impacted recruitment, and may continue to do so. Even enterprise businesses have been affected, with Meta, Twitter, IBM, Microsoft and Yahoo among those that made tens of thousands of IT workers redundant between them in 2023.

Cybersecurity teams are struggling to find and retain the right talent, with the right skills. The bottom line is that there are insufficient qualified IT professionals to fill the skills gap. But there are steps that organisations can take to ensure greater diversity, to build cyber teams internally and to keep hold of their most effective employees.

The need for more technical training

Organisations are more likely to retain staff if they invest in them; that means providing extensive training in modern threat awareness, including phishing, social engineering and financial fraud. They must also know how to protect and defend apps, data, devices, infrastructure and people.

A 2023 report published on behalf of the Department for Science, Innovation and Technology, found that half of all UK businesses employ people in cybersecurity roles who lack appropriate skills. The issue was found to be particularly advanced in around a third of all UK businesses. Previous reviews conducted in 2021 and 2022 had similar findings.

A high proportion of UK businesses continue to lack staff with the technical skills, incident response skills and governance skills needed to manage their cybersecurity. The report estimated that approximately 50% of businesses have a basic skills gap. Those in charge of cybersecurity often lack the confidence or skills to enforce sufficient cyber protection, the most common of which are setting up configured firewalls, storing or transferring personal data and detecting and removing malware.

Approximately 33% of businesses have more advanced skills gaps, most commonly in forensic analysis of breaches, security architecture, interpreting malicious code and penetration testing. 

And the proportion of businesses lacking confidence in incident management skills is trending upwards over time (27% in 2020, 32% in 2021, 37% in 2022 and 41% now).

According to the report, there were 160,035 cybersecurity job postings in the last year, an increase of 30% on the previous year. Employers reported that more than a third of these vacancies were hard to fill.

Industry efforts to source new talent and tackle burnout continues, and it is predicted that the disparity between demand and supply will remain through at least 2025.

Rapidly evolving threats

It’s evident that the cybersecurity landscape demands a highly skilled workforce that can stay ahead of the curve. Gartner predicts that by 2025, lack of talent or human failure will be responsible for over half of significant cyber incidents. The number of cyber and social engineering attacks against people is spiking as cybercriminals increasingly see humans as the most vulnerable point of exploitation.

Outsourcing your security services helps address the talent gap

With a significant shortage of skilled cybersecurity professionals, companies are struggling to find and retain talent in-house. The cybersecurity skills shortage is pushing many organisations to consider managed security service offerings, rather than trying to compete for that talent internally. Demand for full-service offerings is set to rise by as much as 10% annually over the next two years.

Cost-effectiveness

Building and maintaining an in-house security team requires significant upfront investment. You have to consider not only the salaries for skilled cybersecurity professionals, but also the cost of training them to stay current on ever-evolving security threats. You also need to invest in specialist, often expensive, security tools and infrastructure to effectively monitor and protect your network.

Outsourcing your cybersecurity services offers a cost-effective alternative. Managed Security Service Providers (MSSPs) like Securus have a pool of experienced professionals readily available, eliminating the need for you to recruit and train your own team. We also have significant investments in advanced security tools and infrastructure which you can leverage without the upfront financial burden. This allows you to benefit from our expertise and resources at a potentially lower overall cost.

Expertise at your fingertips

Securus has a team of IT security experts on-hand to ensure your organisation remains risk-free. Our comprehensive approach combines in-depth vulnerability scanning with continuous network monitoring. This proactive strategy allows us to identify and neutralise potential threats before they can escalate.

We can also train your internal team on the most -up-to-date security threats and carry out risk assessments across your network and devices to keep you safe from cyberattacks and stay ahead of emerging threats.

Conclusion

With the threat landscape rapidly changing and the sophistication and numbers of threat variants becoming more complex, traditional approaches are falling short. By outsourcing to Securus, you can focus on your core business and leave your cybersecurity requirements to the experts.

Human expertise is still vital for developing and implementing effective cybersecurity strategies. If organisations are not able to invest sufficiently in appropriate training and education to develop the next generation of cybersecurity professionals, outsourcing their cybersecurity needs to an MSSP like Securus is an attractive option.

For more information on our cybersecurity outsourcing solutions, call Securus on 03451 283457.

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SD-WAN, Anti-Malware, Next Generation Anti-Virus, SASE and Immutable Backup, Securus has a security solution to suit your requirement and budget.

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