Cyber Security Talent Shortage and Industry Dynamics

Cyber-crime is at an all-time high. Recently, 40 million credit card numbers were stolen from Target in 2013, nearly 100 million healthcare records were stolen from Anthem last year, and just a few months ago, 1 billion accounts were compromised at Yahoo.

Cyber-crime is becoming very lucrative and cyber criminals are becoming extremely sophisticated. As a result, these types of massive breaches are expected to continue and cause billions of dollars of damage because the biggest challenge currently facing the industry, is the fact that there is a massive shortage of security professionals. There are 238,000 unfilled cyber security jobs in the U.S. and 1,000,000 globally.

Evolve Security Academy is currently tackling this talent shortage by starting the country’s first cyber security bootcamp. Evolve recently announced their hiring rate for 2016 and the success of their graduates can be attributed primarily to the real work experience they gained by performing live security assessment work on not-for-profit companies throughout the Evolve program. 88% of graduates seeking a cyber security job got hired within 120 days and experienced an average salary increase of 55%.

Evolve knows that there is still a long way to go in order to solve this talent shortage crisis and believes that the bootcamp model is the quickest and most effective way to train individuals and get them in the industry to start defending against the cyber-criminals.

Click below if you are interested in learning more about how to enter the fast growing cyber security industry to read Evolve Security Academy’s White Paper on Cyber Security Talent Shortage & Industry Dynamics.