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Microeconomics of Cybersecurity: when demand exceeds supply

Demand/Supply of Cybersecurity Expertise

What has this got to do with cybersecurity? It’s an apt metaphor for the way cybersecurity is being treated worldwide. Intel Security has, in partnership with the US Center for Strategic and International Studies (CSIS), just released an in-depth survey of our industry, looking at causal agents of the problems we are experiencing. The global report titled “Hacking the Skills Shortage” concludes:

“The cybersecurity workforce shortfall remains a critical vulnerability for companies and nations”.

Most respondents consider the cybersecurity skills gap as having a negative effect on their company, three quarters felt that government were not investing appropriately to develop cybersecurity talent and a whopping 82% reported that they can’t get the cybersecurity skills they need.

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