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Cyber Talent

Fast Facts on Women in Cyber Security

The underrepresentation of women in cyber security is a huge driver behind the talent skills gap in this sector.
By: | August 30, 2018 • 3 min read

In an increasingly digital economy, the supply of talent for cyber roles is no longer meeting demand.

Last year, the (ISC)² Global Information Security Workforce Study 2017 projected a 1.8 million cyber security worker shortfall by 2022, an increase of 20 percent on the 1.5 million shortfall it projected in 2015. One of the biggest contributors to this fall in talent is a lack of diversity in hiring in the cyber realm.

A huge contributor that is driving the skills gap is the underrepresentation of women in cyber security. And while programs and other facilities exist to garner cyber security interest in young girls, many aren’t finding their way into the field due to any number of reasons.

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In fact, studies have found that many women feel undervalued, unheard and discriminated against in the cyber security profession. Further study proved women in cyber earned less than men on average and at every level. Globally, men were found to be four times more likely to be in a C-level cyber security position, four times more likely to be in executive management and nine times more likely to be in a managerial position.

Below are some fast facts on women in cyber security, adding yet another piece to the puzzle of why there are so few women joining this growing field.

Women in Cyber Security: The Numbers

  • There’s only 11 percent of female representation in cyber security roles globally.
  • Of that, 14 percent of female representation in cyber security roles are in North America.
  • Europe holds only 7 percent of female representation in cyber security roles,
  • while 8 percent of female representation in cyber security roles are in Asia.
  • There’s a $4,540-North American executive management cyber security salary gap (as of 2017),
  • and a $5,000-North American non-managerial cyber security salary gap (as of 2017).
  • 51 percent of women in cyber security hold a Masters’ degree or higher, while only 45 percent of men have such education.
  • In a study, 51 percent of women in cyber security claimed to have faced discrimination while on the job.

Information gathered from Center for Cyber Safety & Education/(ISC)².

Antony Ireland is a London-based financial journalist. He can be reached at [email protected]

More from Risk & Insurance

More from Risk & Insurance

2018 Risk All Stars

Stop Mitigating Risk. Start Conquering It Like These 2018 Risk All Stars

The concept of risk mastery and ownership, as displayed by the 2018 Risk All Stars, includes not simply seeking to control outcomes but taking full responsibility for them.
By: | September 14, 2018 • 3 min read

People talk a lot about how risk managers can get a seat at the table. The discussion implies that the risk manager is an outsider, striving to get the ear or the attention of an insider, the CEO or CFO.

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But there are risk managers who go about things in a different way. And the 2018 Risk All Stars are prime examples of that.

These risk managers put in gear their passion, creativity and perseverance to become masters of a situation, pushing aside any notion that they are anything other than key players.

Goodyear’s Craig Melnick had only been with the global tire maker a few months when Hurricane Harvey dumped a record amount of rainfall on Houston.

Brilliant communication between Melnick and his new teammates gave him timely and valuable updates on the condition of manufacturing locations. Melnick remained in Akron, mastering the situation by moving inventory out of the storm’s path and making sure remediation crews were lined up ahead of time to give Goodyear its best leg up once the storm passed and the flood waters receded.

Goodyear’s resiliency in the face of the storm gave it credibility when it went to the insurance markets later that year for renewals. And here is where we hear a key phrase, produced by Kevin Garvey, one of Goodyear’s brokers at Aon.

“The markets always appreciate a risk manager who demonstrates ownership,” Garvey said, in what may be something of an understatement.

These risk managers put in gear their passion, creativity and perseverance to become masters of a situation, pushing aside any notion that they are anything other than key players.

Dianne Howard, a 2018 Risk All Star and the director of benefits and risk management for the Palm Beach County School District, achieved ownership of $50 million in property storm exposures for the district.

With FEMA saying it wouldn’t pay again for district storm losses it had already paid for, Howard went to the London markets and was successful in getting coverage. She also hammered out a deal in London that would partially reimburse the district if it suffered a mass shooting and needed to demolish a building, like what happened at Sandy Hook in Connecticut.

2018 Risk All Star Jim Cunningham was well-versed enough to know what traditional risk management theories would say when hospitality workers were suffering too many kitchen cuts. “Put a cut-prevention plan in place,” is the traditional wisdom.

But Cunningham, the vice president of risk management for the gaming company Pinnacle Entertainment, wasn’t satisfied with what looked to him like a Band-Aid approach.

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Instead, he used predictive analytics, depending on his own team to assemble company-specific data, to determine which safety measures should be used company wide. The result? Claims frequency at the company dropped 60 percent in the first year of his program.

Alumine Bellone, a 2018 Risk All Star and the vice president of risk management for Ardent Health Services, faced an overwhelming task: Create a uniform risk management program when her hospital group grew from 14 hospitals in three states to 31 hospitals in seven.

Bellone owned the situation by visiting each facility right before the acquisition and again right after, to make sure each caregiving population was ready to integrate into a standardized risk management system.

After consolidating insurance policies, Bellone achieved $893,000 in synergies.

In each of these cases, and in more on the following pages, we see examples of risk managers who weren’t just knocking on the door; they were owning the room. &

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Risk All Stars stand out from their peers by overcoming challenges through exceptional problem solving, creativity, clarity of vision and passion.

See the complete list of 2018 Risk All Stars.

Dan Reynolds is editor-in-chief of Risk & Insurance. He can be reached at [email protected]