t cht lk
for mitigating the threats posed by a fully-
digitised landscape.
The need to build qualified
security teams
A growing global population, increasing
Internet penetration and connected
technologies present a volatile threat
landscape in which the possibility, scale and
impact of cybercrime increases manifold.
To illustrate, a 2017 Accenture study found
that the price of cybercrime in 2018 is 23%
higher than last year, costing organisations
an average of US$11.7 million (nearly
AED43 million) annually. On the other hand,
Gartner predicts that by 2020, 60% of
digital businesses will suffer major service
failures due to the inability of IT security
teams to manage digital risk. Thus, in order to
ensure operational longevity, it is necessary
for companies to build qualified security
96
INTELLIGENTCIO
“
A QUALIFIED
WORKFORCE IS
INDISPENSABLE
FOR MITIGATING
THE THREATS
POSED BY A
FULLY-DIGITISED
LANDSCAPE.
teams, a task whic h often proves to be a
challenge, due to the industry-wide gaps in
skills and recruitment. What the industry is
missing today is a comprehensive, coherent
understanding of the various security roles.
Cybersecurity is a multidisciplinary profession
and involves a variety of critical capabilities –
from policy development and governance to
identity and access management – which are
highly unlikely, if not impossible, to find in a
single individual.
Staying ahead of the curve
Considering the evolving nature of the threat
landscape, organisations must sharpen their
focus on the three P’s – products, processes
and people – and understand that having
the right people to manage products and
processes is the key to staying ahead.
However, hiring the right people is not a
simple proposition. Across the world, while
experienced security professionals are in
high demand, their supply remains limited,
presenting a dilemma for hiring managers.
As the occupation rises in prominence,
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