Despite mass layoffs dominating the headlines in 2022 and 2023, tech professionals are still in high demand.
In areas such as AI and cybersecurity, those with the necessary skills and experience are becoming increasingly important for companies safeguarding not only their products and services but customer experience, now and in the future.
In the UK, the cybersecurity market share is growing and it is estimated that it will grow by just over
10% to reach $25.81 billion by 2029. This year, it is expected to grow to $15.72
billion.
The reasons for this are many: non-tech companies are increasingly susceptible to cyberattacks as they embrace digitisation and scale their internal IT infrastructures.
Additionally, cybercrime is an ongoing concern and it is imperative that new solutions are found to deal with online fraud, particularly within the fintech sector.
While the above stats sound positive, the one thing getting in the way of the UK’s cybersecurity offering is its lack of cybersecurity professionals, something the government is addressing via its
National Cyber Security Strategy—one if its main aims is to bolster the UK’s position as a cyber power by cultivating a workforce
that has the required skills and knowledge.
However, Jeremy Broome, senior vice president of global talent at Visa Inc. suggests that companies need to look inward when it comes to fostering cyber-talent.
“The current shortage in cybersecurity professionals is a complex issue driven by several key factors,” he explains. “As a general trend, talent across the board are choosing to enter the workforce without a traditional four-year degree. While we are seeing
a decrease in degreed cybersecurity talent, the industry is also seeing an increase in cyberattacks.
“As such, it’s critical for organisations to invest in training and development, and work towards increasing diversity within the industry, including shifting our views on what the standard cybersecurity professional’s credentials look like.”
In 2022, Visa’s real-time monitoring with AI
blocked over $4.2 billion in fraudulent payments and this would not have been possible without its key cybersecurity staff in place to monitor fraudulent activity.
It has also launched its own payments learning programme which aims to offer training to equip workers with the skills needed to build upon a foundational knowledge of payments cybersecurity.
“Speaking strictly from the payments industry, having a shortage in payments cybersecurity talent to help mitigate and stop these attacks can have several significant consequences for companies including increased vulnerability, slower response time, increased
employee workload and burnout, difficulty in keeping up with technological trends, and potential financial loss,” he adds.
Ready to find your next opportunity in cybersecurity? The
Finextra Job Board is the perfect place to focus your search as it features thousands of roles, such as the three below.
Cyber Sales Engineer, Honeywell, Bracknell
The
Cybersecurity Sales Engineer will be key to developing opportunities to drive directed product solutions
targeted at the building space.
As such, you will be responsible for growing the cyber product offering and engaging in developing collaborative relationships with customer prospects, assisting in architecting solutions, designing business cases and presenting on the product specific functions
and features that overcome customer cybersecurity challenges.
Find out more here.
Principal Engineer – Cyber Security, BAE Systems, Frimley
As
Principal Engineer, working in a hybrid capacity from Frimley, Bristol, Weymouth, Portsmouth,
Barrow, or Brough, you will be tasked with building a risk-based set of cyber security requirements for a system or subsystem, providing technical guidance and support for all aspects of cyber security and resilience.
You will also conduct cyber security analysis work, developing threat taxonomies, security architectures, security baselines and risk mitigations, and produce test plans-and schedules together conducting informal and formal cybersecurity testing.
See
the full job description here.
Cyber Integration, Infrastructure & Test Engineers, Lockheed Martin Corporation, Gloucester
Lockheed Martin has a number of opportunities for
engineers interested in working in the cyber arena.
In these roles, you will have the ability to apply knowledge of engineering best practice and to apply appropriate processes, procedures and tools throughout the development life-cycle. You will be required to provide input into estimating/planning, will
work under limited supervision to meet customer needs and contribute towards ensuring that project milestones are met. As such you must have a strong technical expertise and have general knowledge of other related disciplines.
Interested?
Apply here.
Accelerate your career in tech today via the Finextra Job Board.