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Could technology help bridge the cyber security skills gap?
Overcoming the challenge of an estimated shortfall of 4 million cyber security professionals.
By L&G
October 14, 2024
- L&G
- Thematic
- Cybersecurity
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In a recent industry report on cyber security, two figures stand out among the key findings.
First: $4.88 million. That’s the estimated average total cost of a data breach today, up 10% on last year and the highest since the pandemic. The rise was driven by the greater cost of lost business, a higher average cost of responding to a breach, and a rise in regulatory fines.
Second: 26.2%. This is the growth in the cyber skills shortage compared with the previous year. More than half of organisation polled by IBM* in the research said they are facing ‘high’ levels of security staffing shortages.
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