A synopsis of challenges in a post-pandemic world by Vehere

01 November 2022 18:25 IS

Calcutta (West Bengal) [India]November 1 (ANI/BusinessWire India): Cybersecurity has been a growing concern over the past decade.
This is actually a $6 trillion problem, which needs to be addressed on many levels.
According to IBM’s “Cost of a Data Breach Report”, the average cost of a single data breach can be estimated at approximately $3.86 million.
In recent years, due to an ongoing pandemic, organizations have had to rapidly evolve and allow employees to use a hybrid working model. This solved a set of challenges, while also spawning a whole new set of later issues.
In the hybrid model, as millions of employees worked from home, data being transmitted over unsecured networks led to a massive increase in security breach cases worldwide. Not only were organizations’ data compromised by hackers and threatened with being wiped out, but they were also forced to pay millions in “ransoms” to get it back safely. The alarming situation created during the pandemic has highlighted a key element of cybersecurity: the hiring of certified and trained professionals to protect organizational systems. Organizations, across all industries, realized how vulnerable they were to virtual attacks and felt the urgency to protect their data.
According to the exclusive survey recently conducted by Vehere:
More than half of organizations (64%) experienced one or more security breach incidents, which resulted in financial loss as well as fines. Nearly 38% of organizations suffered losses amounting to millions of dollars. The vulnerability of their sophisticated systems, despite significant expense to set them up, revealed the need for increased protection and firewalls.
The top 5 types of emerging annoying cyber challenges are ransomware attacks, IoT (Internet of Things) attacks, cloud attacks, phishing, cryptocurrency and blockchain attacks.
The challenges of hiring cyber professionals are many, finding certified and trained professionals who have experience and can stay in the same organization, as well as hiring the right person for specialized tasks, then ensuring as their skills are upgraded, is a challenge as well as an expense.

Unfortunately, women and minorities tend not to easily find employment in this industry, due to prejudice. Quotas and training programs are put in place to balance the situation.
Praveen Jaiswal, Founder and CSO of Vehere, said that “cyber professionals seek jobs in organizations that take cybersecurity seriously and value their opinions propelling stable future career growth. They expect to be trained regularly for the improved skills and have opportunities to nurture, learn and grow within the organization, in different roles.”
Certification is also a “key differentiator”, while countries like Singapore and Hong Kong find it relatively easier to hire qualified professionals, countries like Japan, Indonesia and Brazil struggle on this front. . Worldwide, more than 90% of organizations said they would pay for an employee to obtain a cybersecurity certification. Although experts may have similar skills, those with a certification are generally preferred over their peers who do not.
Despite hiring cyber experts, organizations may not achieve complete security until all employees at different levels are educated and trained in identifying threats, bugs, and malware in the system. Currently, 56% of Asian leaders, nearly 70% of federal governments, and more than 60% of government organizations believe that most employees lack basic knowledge and don’t know how to protect themselves and their organization’s data.
A quarter of media organizations, as well as nearly 30% of local and state government organizations, do not have cyber awareness programs in place. Nearly 87% of other organizations have implemented training programs to generate cybersecurity awareness. However, the leaders of more than half of these organizations believe that, despite the training, their employees lack the sufficient knowledge required for their roles.
The roles that employers are generally looking for in the current scenario are mostly certified professionals who not only specialize in the required field but also have a diverse skill set.
The demand for these professionals is growing and there are multiple takers for cloud security specialists – 50%, security operations analysts (SOC) – 42%, security administrators – 42%, security architects – 40%, security awareness and training. Administrators – 37%, network architects – 34%, DevSecOps specialists – 32%, incident response specialists – 32%, compliance specialists – 27%, penetration testers – 27%, NOC operators – 21% and others 1 percent.
In the years to come, when nearly all of our personal and business data will go online, individuals and organizations will need to be more alert, efficient and fierce to respond quickly to any threat. The key to success will lie in hiring not only certified experts, but in building a strong team of people who support each other and support the organization.
They should think beyond technology and invest in training, certification and mentoring, growth opportunities, emerging security technologies, hiring people with niche skills, building a team with various specializations, cybersecurity strategy development – ​​short and long term, process analysis for risk assessment, Empowering individuals with knowledge, responsibility and decision-making power.
Hiring is the first step, but retaining people is the next equally important step. This is possible when all employees, regardless of role, have the opportunity to learn, grow and evolve with the organization.
This story is provided by BusinessWire India. ANI shall in no way be responsible for the content of this article. (ANI/BusinessWire India)

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