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ANALYSIS impact of the growing skills gap on companies across the globe include :
• Organisations are attributing more breaches to a lack of cyberskills . In the past year , nearly 90 % of organisational leaders ( 87 %) said they experienced a breach that they can partially attribute to a lack of cyberskills , up from 84 % in the 2023 report and 80 % the year prior .
• Breaches have a more substantial impact on businesses . Breaches have a variety of repercussions , ranging from financial to reputational challenges . This year ’ s survey reveals that corporate leaders are increasingly held accountable for cyberincidents , with 51 % of respondents noting that directors or executives have faced fines , jail time , loss of position or loss of employment following a cyberattack . Additionally , more than 50 % of respondents indicate that breaches cost their organisations more than US $ 1 million in lost revenue , fines and other expenses last year – up from 48 % in the 2023 report and 38 % from the previous year .
• Boards of directors view cybersecurity as a business imperative . As a result , executives and boards of directors increasingly prioritise cybersecurity , with 72 % of respondents saying their boards were more focused on security in 2023 than the previous year . And 97 % of respondents say their board sees cybersecurity as a business priority .
Hiring managers value continued learning and certifications
Business leaders widely regard certifications as validation of cybersecurity knowledge and those who hold a certification or work with someone who does notice clear benefits . This year ’ s survey also found that :
• Candidates with certifications stand out . More than 90 % of respondents said they prefer hiring candidates with certifications .
• Leaders believe that certifications improve security posture . Respondents place such high value on certifications that 89 % said
Alain Penel , VP – Middle East , Turkey and CIS at Fortinet
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