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A talent injection is needed to stem the cyber tsunami

Businesses are spending $1 trillion every year on IT security to help them deal with a range of threats such as ransomware, phishing, malware, and denial-of-service attacks. This level of spend on protection might seem substantial, verging on excessive, until measured against the size of the problem. To put it in context, just ponder the fact that damage caused by cyber-attacks in 2021 was around the $6 trillion mark. Despite great effort and investment, the problem is getting worse, not better. Plainly more must be done to stem the cyber tsunami.

But more can only be done if the right people are in place to do it. There is currently a global recruitment crisis in the cybersecurity sector, which finds itself short of an estimated 2.7 million qualified professionals.

It is against this background that NightDragon, an investment and advisory firm focused on cybersecurity, has teamed up with NextGen Cyber Talent, a non-profit organization dedicated to increasing diversity and inclusion in the cybersecurity industry. The pair recently announced the Coalition to Close the Cybersecurity Talent Gap, an initiative composed of more than 25 industry-leading cybersecurity and technology brands, all passionate about cultivating the next generation of cybersecurity talent. It is kicking off with a campaign to raise $1 million to help fund one year of community college courses for Bay Area students pursuing careers in the field.

One of the Coalition members is Paris-headquartered cybersecurity specialist Exclusive Networks. Exclusive will be lending its experience and expertise to the campaign having recently established a partnership with California Polytechnic State University, opening an office on campus and currently sponsoring 12 students, 9 of which are already progressing through their security certification training assignments, delivered by Exclusive and its partners. All are expected to go on to full-time roles in the industry after completing their education.

Exclusive has also partnered with Guardia in Europe to launch the first private cybersecurity academy in France where it will help in the development of course content as well as providing mentoring and internship opportunities for students. It is in addition taking an active part of the Cyber Security Coalition in Belgium, a partnership between academia, public authorities and the private sector to share specialist expertise, knowledge and information on cybercrime.

“NightDragon’s initiative aligns strongly with our efforts to develop the cyber defenders of tomorrow, equipped with the specialist skills, knowledge and expertise to combat the exponential growth in cyber threats,” commented Jesper Trolle, CEO of Exclusive Networks. “It’s time for the industry to put its money where its mouth is if we want to plug the cyber skills gap any time soon. We also need to look for answers beyond the traditional talent pool and attract more diverse, underserved and underrepresented candidates.”

“The cybersecurity talent shortage is an issue that impacts all of us and is one of the biggest challenges facing our industry and national security,” added Dave DeWalt, Founder, and Managing Director of NightDragon. “Let’s demonstrate that as an industry we can come together to help solve for the talent shortage and foster the next generation in cyber talent that will help us combat today’s threats.”

 

Useful links:

Forbes article

BFM TV – Tech & Co Business

MySecTV

 

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