Security Talent Shortage Hurts Business

By Karen A. Frenkel  |  Posted 12-01-2016 Email

Large businesses with few full-time security experts pay three times more to recover from a cyber-attack than businesses with in-house experts, said a new report. In addition, an inability to hire new security talent has a direct impact on the damage caused from cyber-security breaches. The survey, “Lack of Security Talent: an Unexpected Threat to Corporate Cyber-Safety,” by Kaspersky Lab, asked 5,000 representatives in various company sizes working in different industries about their perception of the security talent shortage. Said Veniamin Levtsov, the company’s vice president of Enterprise Business, “Sometimes these assaults are based on sophisticated malicious technologies, but more often, we see attacks that exploit human weaknesses and the inevitable growth in infrastructure complexity. … The most precious assets that businesses can use to counteract these attacks are people with even better talent, knowledge and skills. … For the corporate world and the security industry alike, this is not a comfortable paradigm shift, but sooner or later, intelligence-based security is going to be universally embraced. Talent shortage is one of the clear signs of that.” Here are key findings from the report.

Karen A. Frenkel writes about technology and innovation and lives in New York City.


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