The ongoing cybersecurity skills shortage has resulted in additional cyber risks for 68% of organisations worldwide, according to Fortinet’s 2023 Global Cybersecurity Skills Gap report. The study revealed an estimated shortage of 3.4 million professionals needed to fill the global cybersecurity workforce gap. This shortage led to a 53% jump in the number of organisations experiencing five or more breaches in 2022, and 84% of organisations reported at least one cybersecurity intrusion in the last 12 months. Nearly half of the organisations experienced breaches that cost over US$1 million to remediate. The report showed that employers are recognising the importance of training and certifications to address the cyber skills shortage. Around 90% of business leaders prefer to hire individuals with technology-focused certifications, and 90% would pay for an employee to receive a cybersecurity certification. Meanwhile, Fortinet has pledged to train one million people in cybersecurity skills by 2026 to help organisations manage cyber risks.
The ongoing cybersecurity skills shortage is leading to additional cyber risks for 68% of organisations worldwide, according to a report by Fortinet. The 2023 Global Cybersecurity Skills Gap report, based on surveys of IT leaders in 29 countries including Australia and New Zealand, revealed that there is an estimated shortage of 3.4 million professionals needed to fill the global cybersecurity workforce gap. The study found that the number of organisations experiencing five or more breaches jumped by 53% from 2021 to 2022, in part due to this skills shortage. In total, 84% of organisations suffered one or more cybersecurity intrusions in the last 12 months, with nearly half incurring breaches that cost more than US$1 million ($1.48 million) to remediate. Meanwhile, 65% of organisations expect the number of cyber attacks to increase over the next 12 months.
Despite the cyber skills shortage, employers are increasingly recognising the importance of training and certifications to address it. According to the report, 90% of business leaders prefer to hire individuals with technology-focused certifications and would pay for an employee to receive a cybersecurity certification. More than four in five respondents indicated that their organisation would benefit from such certifications, with 95% experiencing positive results from having a team member or themselves be certified. However, over 70% of respondents noted difficulties in finding people with the required certifications during hiring. As part of its commitment to helping organisations improve the management of cyber risks, Fortinet has pledged to train one million people in cybersecurity skills by 2026.
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