BUSINESSMANAGEMENTREVIEW.COMJUNE - 202319By Edgar Oliveira, Head of Cyber Security, GalpCYBER CRIME IS GETTING MORE SOPHISTICATED, COMBINING SKILLS AND RESOURCES TO SUCCEED IN MALICIOUS ACTIVITIES, SEIZING NEW OPPORTUNITIES QUICKER, REQUIRING ORGANIZATIONS TO STAFF THEIR CYBER DEFENDERS. ARE YOU AND YOUR ORGANIZATION READY TO FACE THE CYBER SKILLS GAP, COMPETING WITH A GLOBAL AND COMPETITIVE MARKET? HAVE YOU IDENTIFIED STRATEGIES TO ATTRACT PROFESSIONALS AND GROW YOUR TEAM, WHILE PRESERVING YOUR TOP TALENT?We live in a world with a massive, and growing, dependency on Technology, stimulated by a digitally savvy society demanding innovation, ease of access to services, resources, and data on a timely manner, resulting in a complex and interconnected digital ecosystem. Cybercriminals are, more than ever, actively taking advantage of this wider IT landscape to explore weaknesses and fragilities in organizations, benefitting from a higher probability of success to increase their potential rewards.Cybersecurity has been around for a few decades now, but only recently we have witnessed growing media coverage and concern from organizations, governments, and general population. Newspapers and television news include daily reporting on impact from cyberattacks in our lives, either directly, if we are the target, or indirectly, due to unavailability of services on which we rely or depend on.Boards are also addressing Cyber more seriously, seeing it as a top risk, being open and increasingly more literate to discuss about it and incorporate it within strategic planning. This change of mindset has been influenced by the operational, financial, reputational, and regulatory impacts arising from publicly known cyber incidents, as well as the growing concern and demand from customers, partners, employees and governments to properly manage Cybersecurity risks.Shortage of Cybersecurity professionals is a global reality, currently estimated at more than 2,72 million positions to be filled, resulting in a necessary growth of workforce by 65percent to effectively defend organizations' critical assets, according to 2021 (ISC)² Cybersecurity Workforce Study.Organizations are thus impelled to identify and put into practice creative approaches to surpass this challenge, and the key might simply be to take it as an opportunity.RETAIN YOUR TALENTBefore focusing on hunting for new professionals, be sure you drive your energy into retention strategies for your team members. With such a strong demand and lack of offer, the market is super aggressive, with companies offering attractive compensation packages and benefits.It might be a good idea to benchmark salaries, comparing with similar sized companies operating in your region, and performing the necessary adjustments to reflect that market demand. Use that input to define an adapted compensation model for Cyber Security professionals, offering the possibility of choice between a technical or a management path, without penalizing the first, making it clear and transparent in terms of career progression opportunities.Investing in training and participation in events/conferences for your team is another great way to motivate and retain talent, while continuously developing their potential and skills. New ideas, experiences, references and knowledge are acquired and CYBERSECURITY SKILLS GAP ­ CHALLENGE AND OPPORTUNITYEdgar OliveiraCXO INSIGHTS
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