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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 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.
About Booz Allen
For more than 100 years, military, government, and business leaders have turned to Booz Allen Hamilton to solve their most complex problems. As a consulting firm with experts in analytics, digital, engineering, and cyber, we help organizations transform. We are a key partner on some of the most innovative programs for governments worldwide and trusted by their most sensitive agencies. We work shoulder to shoulder with clients, using a mission-first approach to choose the right strategy and technology to help them realize their vision. With global headquarters in McLean, Virginia and more than 80 offices worldwide, our firm employs more than 26,300 people and had revenue of $6.7 billion for the 12 months ending March 31, 2019. To learn more, visit BoozAllen.com. (NYSE: BAH)