Cybersecurity Private Equity

Cyber TRUST™ Index

129

-0

52 Week

223

120

Index at 100 on January 1, 2020

Coping with Stress as Cybersecurity Professionals [Weekly Cybersecurity Brief]

We have explored a few topics under the category of cybersecurity personnel. Whether it was the importance of promoting greater diversity within the field or supporting up-and-coming talent through opportunities such as internships, they reflect the critical role that the people behind this field play in its ability and progression. Beyond just hiring and recruitment though, we also need to make sure that we are uplifting the teams that are already in place by addressing and properly acknowledging the demands and stress that can come along with a career in cybersecurity. If we do not, we could end up with an even larger talent shortage problem.

In a global study just released by Mimecast, one-third of the 1,100 cybersecurity professionals surveyed revealed that they are “considering leaving their role in the next two years due to stress and burnout,” as reported by ZDNet. From growing media attention to increasing attacks, there is a lot weighing on the shoulders of these teams. For instance, 64% of respondents said they had been hit with at least one ransomware attack in the past year. With mounting struggles, many are concerned that they could be let go due to such an incident.

As anxiety and fear builds around their positions, more than half of those included in the Mimecast study identified the possibility and reality of a ransomware attack as an impact on their mental health. Additionally, 56% noted that their job gets harder each year. When looking at these figures, the report concluded that “With the profession facing a pressure cooker of ongoing attacks, disruption, and burnout, it’s critical that organizations support security teams by giving cyberattacks the focus and resources needed — or face losing critical employees.”

The risk of losing employees is not one that the cybersecurity industry can take. While Fortune states that the field’s workforce has reached an all-time high of nearly 4.7 million people, it has also amassed a global shortage of 3.4 million. Although this expertise is clearly in demand, 70% of those that responded to a survey by (ISC)2 Cybersecurity Workforce shared that they do not believe their organizations are equipped with the necessary staff to be successful. Due to this lack in development, more than half think those organizations are more likely to be at risk of a cyberattack. 

“Professionals are saying loud and clear that corporate culture, experience, training and education investment and mentorship are paramount to keeping your team motivated, engaged and effective,” explains Clar Rosso, CEO of (ISC)2. We will add that as companies work to align these missions to boost cybersecurity talent retainment, they also ensure that mental wellbeing is baked into the strategy.

Key Takeaways:

“Cybersecurity teams are reaching their breaking point. We should all be worried” – Owen Hughes, ZDNet
https://www.zdnet.com/article/cybersecurity-teams-are-reaching-their-breaking-point-we-should-all-be-worried/

  • In a global study just released by Mimecast, one-third of the 1,100 cybersecurity professionals surveyed revealed that they are “considering leaving their role in the next two years due to stress and burnout.”
  • Contributors to such strain include growing media attention and rising attacks.
  • Sixty-four percent of respondents said they had been hit with at least one ransomware attack in the past year.

“Stress Is Driving Cybersecurity Professionals to Rethink Roles” – Dark Reading

https://www.darkreading.com/careers-and-people/stress-driving-cybersecurity-professionals-rethink-roles

  • More than half of those included in the Mimecast study identified the possibility and reality of a ransomware attack as an impact on their mental health.
  • Additionally, 56% noted that their job gets harder each year.
  • The report states that “With the profession facing a pressure cooker of ongoing attacks, disruption, and burnout, it’s critical that organizations support security teams by giving cyberattacks the focus and resources needed — or face losing critical employees.”

“The cybersecurity industry is short 3.4 million workers—that’s good news for cyber wages” – Sydney Lake, Fortune

https://fortune.com/education/business/articles/2022/10/20/the-cybersecurity-industry-is-short-3-4-million-workers-thats-good-news-for-cyber-wages/

  • While the cybersecurity workforce has reached an all-time high of nearly 4.7 million people, it has also amassed a global shortage of 3.4 million.
  • Although this expertise is clearly in demand, 70% of those that responded to a survey by (ISC)2 Cybersecurity Workforce shared that they do not believe their organizations are equipped with the necessary staff to be successful.
  • More than half think those organizations are more likely to be at risk of a cyberattack.
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