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The State of Cybersecurity By The Numbers

May 14, 2024

The State of Cybersecurity By The Numbers

Workforce, Threats, and Automation Stats That May Surprise You

 

The state of the cybersecurity workforce.

Demand for qualified professionals is outpacing growth year-over-year, making cybersecurity professionals highly sought after. This cyberworkforce shortage is expect to continue for the foreseeable future.

4,000,000

Current global shortage of qualified cybersecurity workers.

World Economic Forum, April 2024

 

85,000,000

Projected global shortage of qualified cybersecurity workers by 2030.

World Economic Forum, April 2024

 

12.6%

Year-over-year growth in the gap between cybersecurity workforce supply and demand.

ISC2 Cybersecurity Workforce Study, 2023

 

8.7%

Growth of the cybersecurity workforce in 2022.

 

2/3

The number of cybersecurity professionals reporting staffing shortages on their teams.

ISC2 Cybersecurity Workforce Study, 2023

 

83%

Of corporate boards recommend increasing IT security headcount.

Fortinet Cybersecurity Skills Gap Report, 2023

 

448,033

Total cybersecurity job openings in US in 2024.

Cyberseek, 2024

 

1,098,481

Total employed cybersecurity workforce in US in 2024.

Cyberseek, 2024

 

2.4x

How much faster cybersecurity jobs grow than all jobs.

Cyberseek, 2024

 

The state of cybersecurity threats.

Fueled by AI, attacks are increasing and growing more sophisticated. Traditional cybersecurity methods can’t keep up with hacker growth and effectiveness.

 

75%

Of cybersecurity professionals say the current threat landscape is greater than in the previous five years.

ISC2 Cybersecurity Workforce Study, 2023

 

52%

Of cybersecurity workers are confident their organization has the tools and people needed to respond to incidents.

ISC2 Cybersecurity Workforce Study, 2023

 

HALF

Of all cybersecurity incidents will occur due to a lack of talent or human failure by 2025.

Gartner Predicts, 2023

 

$9.5 trillion

Projected global costs of cybercrime in 2024.

Esentire 2023 Official Cybercrime Report

 

4.45M

Average cost of a data breach in 2023.

IBM Cost of a Data Breach Report 2023

 

72.7

Percentage of global organizations who fell prey to a ransomware attack in 2023.

Statista 2024

 

Every 39 seconds

How frequently there cyberattacks occur, on average.

Security Magazine

 

9.48M

Average cost of a data breach in the US, 2006-2023.

Statista 2024

 

4.45M

Average cost of a data breach globally, 2006-2023.

Statista 2024

 

$250K

The amount cybercrime costs global organizations every second.

Esentire 2022 Official Cybercrime Report

 

The state of cybersecurity automation.

The threat of cybercrime is outpacing organizations’ ability to protect against and respond to incidents. Many are turning to automation to help with the process.

 

12M

More jobs will be created by technology than it displaces globally by 2025.

World Economic Forum, April 2024

 

$1.76M

Average savings for organizations that use security AI and automation extensively.

IBM Cost of a Data Breach Report 2023

 

75

Percentage of cybersecurity professionals who say automation is important.

ThreatQuotient, 2023

 

Three fastest growing uses of automation.

  • Phishing analysis
  • Alert triage
  • Vulnerability management

ThreatQuotient, 2023

 

60

Percentage of leaders who cite employee satisfaction and retention as their key automation ROI consideration.

ThreatQuotient, 2023

 

Key drivers of automation.

  1. Increasing efficiency
  2. Regulation and compliance
  3. Increasing productivity

ThreatQuotient, 2023

 

90%

The amount of effort cybersecurity automation can save.

SteelCloud, 2024

 

To learn more about cybersecurity automation and the surprising benefits it delivers, schedule a two-hour demo with our team.

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