Build Your Army: Maintaining Cybersecurity Amid the IT Talent Gap

White Paper Summary

Across all industries, the demand for cybersecurity is greater than ever. As employees, partners, and customers increasingly want to consume information digitally, there is a need to push information to more endpoint devices. At the same time, the threat landscape is continually evolving, with attacks that are more difficult to detect and defend.

In 2022, the global cybersecurity workforce grew to encompass 4.7 million people, reaching its highest-ever levels. However, there is still a need for more than 3.4 million security professionals, an increase of over 26% from 2021’s numbers. Research also shows that cybersecurity demand is twice as great as supply.

The problem is compounded for workers’ comp organizations, which are highly valuable cyber targets due to the large quantities of confidential data – personal health information – they store and the estimated value for each compromised record. As of 2022, the healthcare industry was the most expensive for data breach costs for the 12th consecutive year, with an average of $10.1 million per incident.

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