Cybersecurity damages to double in the six years. According to a study conducted by Cybersecurity Ventures, the losses from cybercrimes are expected to reach $6 trillion by 2021. This number stood at $3 trillion in 2015.
Demand for cybersecurity professionals is soaring
Another report by the same organization indicates that by 2021, there will be $3.5 million job openings in the cybersecurity industry. The current unemployment rate in the market stands at almost 0%.
Global organizations are severely unprepared
While the number of attacks has risen considerably over the past decade, only 38% of organizations state that they are prepared to handle a sophisticated cyber-attack.
The average cost of a data breach is extensive
By 2020, the cost of a data breach will cross the $150 million thresholds. This was revealed in a study conducted by Juniper Research on the extent to which cybercrime impacts our industry.
Employment rates in information security are expected to rise sharply
In the ten-year period between 2012 and 2022, the Bureau of Labor Statistics estimates that the number of jobs in information security is expected to rise by a steep 37%.
The shortfall for professionals is steep
Despite the growing demand, companies confess that there is a severe shortage of qualified professionals to fill their respective positions. The UK House of Lords Digital Skills Committee performed a skills gap analysis. They found that shortfall will reach $2 million professionals by 2019.