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April 17, 2018
McLean, Va – It’s no longer just chief information security officers that are feeling the heat of cyber threats. Boards and investors are also adding fuel to the fire. In a new survey of 250 senior IT decision makers, Booz Allen finds that nearly 3 in 4 respondents (74 percent) agree that investors are holding senior executives accountable for cyber incidents.
This new data reinforces an alarming and expensive trend: many organizations do not have the cybersecurity staff in place to fully protect themselves from national threats and the associated fallout of intellectual property theft and other cyberattacks. And, this trend may not end soon – 57 percent believe hiring top cyber talent will only become more difficult over the next five years.
This lack of talent is causing these organizations to make short-term staffing fixes to protect their business, making the problem worse. Amid a recent barrage of cyber breaches, most (83 percent) respondents have open cybersecurity positions to fill at their company, with 72 percent saying it is particularly challenging to identify and hire new, high-quality cyber warriors – like advanced threat hunters and reverse malware engineers.
“These findings are rooted in what Booz Allen has understood for quite some time – products alone don’t make organizations secure, it’s about the right talent fusing the best solutions,” said Booz Allen’s U.S. Commercial Lead, Bill Phelps. “The cyber talent gap has become an existential threat. Organizations will find success through honest investments in people like robust training and by partnering across industries.”
Based on hundreds of engagements with government and commercial clients grappling with these challenges, Booz Allen offers five best practices to effectively and sustainably address the cyber talent gap:
Other key survey findings include:
Booz Allen and KRC Research conducted this national survey of 250 senior IT decision-makers from March 23 to April 4, 2018. For more information, visit here.
About Booz Allen
For more than 100 years, business, government, and military leaders have turned to Booz Allen Hamilton to solve their most complex problems. They trust us to bring together the right minds: those who devote themselves to the challenge at hand, who speak with relentless candor, and who act with courage and character. They expect original solutions where there are no roadmaps. They rely on us because they know that—together—we will find the answers and change the world.
We solve the most difficult management and technology problems through a combination of consulting, analytics, digital solutions, engineering, and cyber expertise. With global headquarters in McLean, Virginia, our firm employs approximately 24,600 people globally, and had revenue of $6.17 billion for the 12 months ended March 31, 2018. To learn more, visit www.boozallen.com. (NYSE: BAH)