All in security

The cybersecurity industry is facing two major challenges: an increase in cybercrime and sophisticated attacks alongside a vast deficiency of cybersecurity practitioners to fill open positions. There are currently more than 4.7 million overall cybersecurity employees, with over 400,000 hired this year alone. Despite this hiring increase, recent data reveals a need for 3.4 million additional cybersecurity workers worldwide in order to effectively secure assets. Cybercrimes rose more than 600% over the last year, causing many organizations to increase their cybersecurity budgets with the goal of hiring even more security experts. In fact, the number of companies planning to expand their cybersecurity teams has grown from 51% in 2020 to nearly 75% this year. This combination of increased cyberattacks and insufficient staffing has left many companies unable to secure their systems with existing in-house resources.