Cyber Workforce Projected to be 1.5M Short by 2019
IT Staffing Liability
IT placements will continue to boom for staffing organizations as cyber-attacks become more frequent (e.g. Sony and Target), and companies work to tighten security. In fact, the demand for cyber security workers will skyrocket to 6 million by 2019, with a projected 1.5 million worker shortage. Both government officials and companies are scrambling to train the next generation of cyber security experts. Until the labor supply meets the skyrocketing demand, employers can expect to pay high salaries and use outside resources – like staffing agencies – for help.
What’s the challenge in placing the right IT professionals?
Being an IT professional can be stressful because the cyber security landscape is always changing. New threats emerge, software becomes outdated and it seems like hackers won’t rest until they’ve stolen every sensitive piece of data they can access. A recent study by the Ponemon Institute of 609 IT professionals in the U.S. reveals just how difficult the job can be.
Sometimes the technology is an obstacle:
Fifty-five percent of respondents don’t believe their organization is protected from advanced cyber attacks, and 63 percent don’t think they could stop a data leak if it happened.
Less than half (43 percent) of respondents believe their company has adequate intelligence to identify a cyber-attack, and 45 percent aren’t sure if their security solutions can inform them of the causes of an attack.
Other times, it’s upper management:
Nearly 4 out of 5 respondents say their company’s upper management does not believe a data breach would lead to a loss in revenue, and 47 percent say upper management has a low understanding of security issues.
Often, the unknown is a big threat:
Less than half (44 percent) of respondents say they have a good understanding of the threats facing their company, and only 31 percent can say for certain that their company has lost sensitive data from a breach.
What’s the risk to your organization?
Likely, certain staffing firms will be taking on more IT placements given the industry landscape. And with an increased volume of placements comes an added risk of liability even outside of a client data breach. To ensure your company is protected, perform due diligence when verifying employees' skills and talk your broker about adequate insurance coverage (especially Cyber Liability, Errors & Omissions and Employment Practices Liability Insurance).
- Cyber & Privacy Liability: Part 1 Webcast
- Cyber & Privacy Liability: Part 2 Webcast
- Cyber Liability for PEOs
- Cyber Takes Two to Tango
- It's Not About the Money: Sony's Cyber Attack
- Modeling Cyber Exposure
ABOUT THE AUTHOR