The biggest challenge for CISOs in the next five years won’t be blockbuster malware, shadow IT, the explosion of connected devices, or even regulatory pressure.
The biggest challenge will be a human one: hiring and retaining enough skilled professionals to make a security program work in the face of increasing complexity.
Retention amidst a skills shortage
The cybersecurity skills shortage is a well-known issue. An (ISC)2 study found that 63% of organizations are experiencing a shortage of IT staff dedicated to cybersecurity, and nearly 60% of organizations say they are at moderate or extreme risk of cyber attacks as a result.
This isn’t just a recruiting challenge, it’s a retention challenge as well. IT and security professionals face long work hours, high-pressure situations, and alert fatigue that compound stress and burnout, and 65% of these professionals are considering quitting.
Even CISOs themselves are burning out. 88% of CISOs report working more than 40 hours per week, and 51% of tech executives experience stress-related illnesses as a direct result of breaches and outages.
In response to the talent shortage, many organizations have to rely on remote, third-party, and temporary teams — in a 2019 Deloitte survey, the majority of CISOs (81%) indicated that full-time employees made up less than 20% of their cyber teams.
Overcoming the challenge
Navigating the modern risk landscape is a huge challenge, and regardless of whether a team is in-house or remote, it needs to be top-notch. This is a tall order, made taller by the talent shortage. There’s no one answer for CISOs, but a combination of different initiatives could ease the negative effects of the skills shortage.
Internal team development
Professional development for internal teams is a win-win. When employees gain new skills, they don’t just perform better in their roles — they also feel more engaged and are more likely to stay with their organization. In fact, 93% of employees would stay at a company longer if it invested in their careers.
With cybersecurity becoming more complex every day, sponsoring certification courses for motivated employees will pay off in the long run. Cybersecurity certifications help employees excel in their current roles and prepare them for higher-level positions, so they’re a wise investment for CISOs.