The worldwide cyber security skills shortage has reached epic proportions. According to the 2015 “Global Information Security Workforce Study” (GISWS) from the ISC Foundation, the information security workforce will reach a 1.5 million-man shortfall by 2020. At the same time, changes in technology including virtualization and IoT are making networks more complex to manage, and attackers have more tools, targets, and funding than ever before.
The situation remains equally turbulent in India where, according to an ISACA’s survey, around 30 percent of the respondents expected their organizations to witness a cyber attack, while a majority (92 percent) of respondents believed that cyber attacks ranked among the top three threats organizations face today.
While the Indian government is leaving no stone un-turned to propel the adoption of digital technologies in the country, a fear of security breach amid the digital business transformation remains a major barrier to the initiative.
The survey also highlighted that about 87 percent of the respondents agreed to the fact that India faces a major shortage of skilled cyber security professionals.
This should be a recipe for disaster. But changes in security technologies are helping organizations rise to the challenge, and businesses are willing to buy in. Gartner predicted 2016 would see worldwide information security spending reach $81.6 billion. Cybersecurity Ventures also projects that by 2021, $1 trillion will be spend globally on cybersecurity, according to their Q3 2016 Market Report.
Where is all this spending going? What types of tools are becoming vital to security management and effective enough to prove its worth in security budgets?
Note: News shared for public awareness with reference from the information provided at online news portals.