Demand for cyber security experts quadruples following high-profile hacks

Author

Lauren Davidson

December 8, 2015

“Christmas has come early” for cyber security experts following Ashley Madison, Sony and TalkTalk hacks, pushing hiring in the UK jobs market to its strongest level since the fourth quarter of 2014

Demand for cyber security experts has quadrupled to a record high over the last year following data breaches at Talk Talk, Sony and Ashley Madison.

This surge in finance and business services jobs will lead to a strong start to the new year for the jobs market, with employers more optimistic than at any time during 2015.

With the potential risk to companies so significant and no signs of demand falling, Christmas really has come early for this in-demand group Mark Cahill, ManpowerGroup

The Manpower Employment Outlook Survey asks more than 2,000 British employers whether they intend to increase or cut down the size of their workforces, with a positive result indicating that more bosses intend to hire than fire.

Hiring will increase in the new year, with the report’s net employment outlook rising two percentage points to +7pc, its strongest level since the fourth quarter of 2014.

This growth is driven by the finance and business services sector, which scored +10pc.

Transport, storage and communications jobs are at +9pc, boosted by the rise in online shopping and same-day delivery, while the retail and leisure industries scored +5pc.

However, despite the strong start to the year, the outlook for the rest of 2016 is bumpy due to uncertainty about Britain’s place in the EU and the introduction in April of the National Living Wage .

“We expect the biggest growth area next year to be in ‘ cyber security crisis management ’, with large organisations bolstering their own in-house security teams as well as calling on specialist contractors,” said Mark Cahill, UK managing director of ManpowerGroup.

TalkTalk was hit by a “significant and sustained” cyber attack in October, its third this year, which could cost the telecoms company up to £35m .

Other recent high-profile data breaches include JD Wetherspoon, eBay, Sony and the extramarital dating website Ashley Madison .

Cyber crime is estimated to cost the global economy $445bn each year and cause £34bn worth of damage to the UK economy.

GCHQ recently said that cyber attacks that threaten national security have doubled in a year with the UK now facing up to seven serious assaults every day.

“Companies are having to invest heavily to protect themselves and they now believe that cyber breaches are inevitable, with their focus moving to responding to attacks rather than just prevention,” Mr Cahill said.

IT security staff can earn more than £3,000 per day, with experts at the top of their field charging daily five-figure sums.

“With the potential risk to companies so significant and no signs of demand falling, those sky high salaries look set to continue,” Mr Cahill said.

“Christmas really has come early for this in-demand group.”

 

This article was written by Lauren Davidson from The Daily Telegraph and was legally licensed through the NewsCred publisher network.


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