November 3, 2015
Last year, the Government’s Security Breaches Survey found that 81 per cent of large companies had reported some form of security breach, costing each organisation on average between £600,000 and £1.5 million.
The reality is that the number of cyber security threats is continuously on the rise. The increase in basic and complex attacks on businesses is driven, in part, by an increased availability of underground offensive security technology.
Fully developed and tested malware, remote access tools, and other malicious toolkits are readily available for free or for rent on the black market. Most basic attacks do not even require a large amount of research or skill to implement, and are broadly applicable to a wide range of users or software.
Cybercrime professionals in short supply
In the face of this ever-growing threat, the 2015 Global Cyber security Status Report by ISACA found that a shocking 87 per cent of UK business and IT professionals believe there is a shortage of cyber security professionals, and furthermore, only 34 per cent of these professionals believe they are prepared for a cyberattack. It is clear that the need for skilled workers is greatly out stripping demand. This is reflected in practice with companies reporting that it can take as long as six months to find the right person for a role in the cyber security sector.