Hays have noted an increase in demand for Cyber security professionals across the region. Cyber security is one of the leading challenges being faced by businesses today and the consequences of an attack can be severe to an organisation, including; financial costs running into the millions, damage to a business’s operation and internal systems, compromised customer data and reputational damage to a company’s brand.
Lynne Roeder, managing director of Hays Singapore says; “The implications of being attacked are far reaching and the after effects can be devastating to a business, as well as its customers. This is why cyber security needs to be a priority for organisations, so they are better positioned to protect customer data and IT security. As the threats become more sophisticated they become more difficult to keep up with, so the time to address these issues is now.”
With the threat of a cyber-attack escalating in recent years, cyber security spend has increased dramatically. As there has been a spate of well-publicised attacks recently, the amount being spent by businesses on improving their systems and hiring professionals will only increase.
Lynne added, “At Hays we have seen an increase in permanent demand for security experts across a range of clients, with security analysts and security architects, cyber threat intelligence analysts, consultants and cyber incident analysts being the most in-demand.”
Businesses looking to hire a cyber security specialist must be prepared to pay a higher premium for professionals with these skills.
Lynne explains: “Many businesses have begun to focus on the issue as a priority, which is great, but it means there is a premium being placed on those candidates with cyber security skills as they are in short supply.”
It is still early days for the cyber security jobs market, which in part has led to a worldwide shortage of experts. As a result, wages have increased as organisations battle to attract this sought after talent.
Lynne says, “There are a limited number of professionals with the right skill set required by businesses. If a company is struggling to find the person they need, they could also consider taking on someone with a general IT background and upskilling them into their new cyber security role.”