John Maddison, Chief Marketing Officer at
Fortinet“The results from our latest Global Cybersecurity
Skills Gap Report highlight the critical need for a collaborative,
multi-faceted approach to closing the skills gap. To effectively
mitigate risk and combat today’s complex threats, organizations
must employ a strategic combination of leveraging the right
security technology, upskilling existing security professionals
through training and certifications, and fostering a cyber-aware
workforce. As part of Fortinet’s dedication to closing the skills
gap through this three-pronged approach, we pledged to train 1
million people in cyber by 2026. As we near the halfway mark of
this five-year commitment, we are close to having trained half a
million individuals to date.”
News Summary Fortinet® (NASDAQ: FTNT), the
global cybersecurity leader driving the convergence of networking
and security, today released its 2024 Global Cybersecurity Skills
Gap Report, which highlights ongoing challenges related to the
cybersecurity skills shortage impacting organizations around the
globe. Key findings from the report include:
- Organizations are increasingly attributing breaches to the
cyber skills gap.
- Breaches continue to have significant repercussions for
businesses, and executive leaders are often penalized when they
happen.
- Certifications continue to be highly regarded by employers as a
validator of current cybersecurity skills and knowledge.
- Numerous opportunities remain for hiring from diverse talent
pools to help address the skills shortage.
The Cyber Skills Gap Continues to Impact Companies
WorldwideAn estimated 4 million professionals are needed
to fill the growing cybersecurity workforce gap. At the same time,
Fortinet's 2024 Global Cybersecurity Skills Gap Report found that
70% of organizations indicated that the cybersecurity skills
shortage creates additional risks for their organizations. Other
findings that highlight the impact of the growing skills gap on
companies across the globe include:
- Organizations are attributing more breaches to a lack
of cyber skills. In the past year, nearly 90% of
organizational leaders (87%) said they experienced a breach that
they can partially attribute to a lack of cyber skills, up from 84%
in the 2023 report and 80% the year prior.
- Breaches have a more substantial impact on
businesses. Breaches have a variety of repercussions,
ranging from financial to reputational challenges. This year’s
survey reveals that corporate leaders are increasingly held
accountable for cyber incidents, with 51% of respondents noting
that directors or executives have faced fines, jail time, loss of
position, or loss of employment following a cyberattack.
Additionally, more than 50% of respondents indicate that breaches
cost their organizations more than $1 million in lost revenue,
fines, and other expenses last year—up from 48% in the 2023 report
and 38% from the previous year.
- Boards of directors view cybersecurity as a business
imperative. As a result, executives and boards of
directors increasingly prioritize cybersecurity, with 72% of
respondents saying their boards were more focused on security in
2023 than the previous year. And 97% of respondents say their board
sees cybersecurity as a business priority.
Hiring Managers Value Continued Learning and
CertificationsBusiness leaders widely regard
certifications as validation of cybersecurity knowledge, and those
who hold a certification or work with someone who does notice clear
benefits. This year’s survey also found that:
- Candidates with certifications stand out. More
than 90% of respondents said they prefer hiring candidates with
certifications.
- Leaders believe that certifications improve security
posture. Respondents place such high value on
certifications that 89% said they would pay for an employee to
obtain a cybersecurity certification.
- Finding candidates who hold certifications isn’t
easy. More than 70% of respondents indicated that it is
difficult to find candidates with technology-focused
certifications.
Companies Are Expanding Hiring Criteria to Fill Open
RolesAs the cyber workforce shortage persists, some
organizations diversify their recruitment pools to include
candidates whose credentials fall outside traditional
backgrounds—such as a four-year degree in cybersecurity or a
related field—to attract new talent and fill open roles. Shifting
these hiring requirements can unlock new possibilities, especially
if organizations are willing to pay for certifications and
training. The report also found that:
- Organizations continue to have programs dedicated to
recruiting from a diversified talent pool. Eighty-three
percent of respondents said their organizations have set diversity
hiring goals for the next few years, in line with last year’s
report but slightly down from 89% in 2021.
- Diversity hiring varies from year to year.
Despite ongoing recruitment targets, female hires are down to 85%
from 89% in 2022 and 88% in 2021; hires from minority groups remain
unchanged at 68% and up slightly from 67% in 2021; and veteran
hires are up slightly to 49% from 47% in 2022, but down from 53% in
2021.
- While many hiring managers value certifications, some
organizations still prefer candidates with traditional
backgrounds. Despite many respondents saying they value
certifications, 71% of organizations still require four-year
degrees, and 66% hire only candidates with traditional training
backgrounds.
Organizations Are Taking a Three-Pronged Approach to
Building Cyber ResiliencyThe increasing frequency of
costly cyberattacks, combined with the potential of severe personal
consequences for board members and directors, is resulting in an
urgent push to strengthen cyber defenses across enterprises. As a
result, organizations are focusing on a three-pronged approach to
cybersecurity that combines training, awareness, and
technology:
- Help IT and security teams obtain vital security
skills by investing in training and certifications to
achieve this goal.
- Cultivate a cyber-aware frontline staff who
can contribute to a more secure organization as a first line of
defense.
- Use effective security solutions to ensure a
strong security posture.
To help organizations achieve these objectives, Fortinet offers
the largest integrated portfolio of more than 50 enterprise-grade
products through its Fortinet Security Fabric platform.
Additionally, the award-winning Fortinet Training Institute, one of
the industry's broadest training and certification programs, is
dedicated to making cybersecurity certification and new career
opportunities available to all populations, including a Security
Awareness Training offering for organizations to develop a
cyber-aware workforce.
About the Fortinet Skills Gap Survey
- The survey was
conducted among over 1,850 IT and cybersecurity decision-makers
from 29 countries and locations.
- Survey
respondents come from a range of industries, including technology
(21%), manufacturing (15%), and financial services (13%).
Additional Resources
- Learn about Fortinet’s free cybersecurity training, which
includes broad cyber awareness and product training. As part of the
Fortinet Training Advancement Agenda (TAA), the Fortinet Training
Institute provides training and certification through the Network
Security Expert (NSE) Certification, Academic Partner, and
Education Outreach programs.
- Visit fortinet.com/trust to learn more about Fortinet
innovation, collaboration partners, product security processes, and
enterprise-grade products that contribute to delivering proven
cybersecurity everywhere you need it.
- Learn more about Fortinet's commitment to product security and
integrity, including its responsible product development,
vulnerability disclosure approach, and policies.
- Learn more about FortiGuard Labs threat intelligence and
research and Outbreak Alerts, which provide timely steps to
mitigate breaking cybersecurity attacks.
- Learn more about Fortinet’s FortiGuard Security Services
portfolio.
- Read about how Fortinet customers are securing their
organizations.
- Follow Fortinet on Twitter, LinkedIn, Facebook, and Instagram.
Subscribe to Fortinet on our blog or YouTube.
About FortinetFortinet (NASDAQ: FTNT) is a
driving force in the evolution of cybersecurity and the convergence
of networking and security. Our mission is to secure people,
devices, and data everywhere, and today, we deliver cybersecurity
everywhere you need it with the largest integrated portfolio of
over 50 enterprise-grade products. Well over half a million
customers trust Fortinet's solutions, which are among the most
deployed, most patented, and most validated in the industry. The
Fortinet Training Institute, one of the largest and broadest
training programs in the industry, is dedicated to making
cybersecurity training and new career opportunities available to
everyone. Collaboration with esteemed organizations from both the
public and private sectors, including CERTs, government entities,
and academia, is a fundamental aspect of Fortinet’s commitment to
enhance cyber resilience globally. FortiGuard Labs, Fortinet’s
elite threat intelligence and research organization, develops and
utilizes leading-edge machine learning and AI technologies to
provide customers with timely and consistently top-rated protection
and actionable threat intelligence. Learn more at
https://www.fortinet.com, the Fortinet Blog, and FortiGuard
Labs.
Copyright © 2024 Fortinet, Inc. All rights reserved. The symbols
® and ™ denote respectively federally registered trademarks and
common law trademarks of Fortinet, Inc., its subsidiaries and
affiliates. Fortinet’s trademarks include, but are not limited to,
the following: Fortinet, the Fortinet logo, FortiGate, FortiOS,
FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC,
FortiClient, FortiCloud, FortiMail, FortiSandbox, FortiADC,
FortiAI, FortiAIOps, FortiAntenna, FortiAP, FortiAPCam,
FortiAuthenticator, FortiCache, FortiCall, FortiCam, FortiCamera,
FortiCarrier, FortiCASB, FortiCentral, FortiConnect,
FortiController, FortiConverter, FortiCWP, FortiDB, FortiDDoS,
FortiDeceptor, FortiDeploy, FortiDevSec, FortiEdge, FortiEDR,
FortiExplorer, FortiExtender, FortiFirewall, FortiFone, FortiGSLB,
FortiHypervisor, FortiInsight, FortiIsolator, FortiLAN, FortiLink,
FortiMoM, FortiMonitor, FortiNAC, FortiNDR, FortiPenTest,
FortiPhish, FortiPlanner, FortiPolicy, FortiPortal, FortiPresence,
FortiProxy, FortiRecon, FortiRecorder, FortiSASE,
FortiSDNConnector, FortiSIEM, FortiSMS, FortiSOAR, FortiSwitch,
FortiTester, FortiToken, FortiTrust, FortiVoice, FortiWAN,
FortiWeb, FortiWiFi, FortiWLC, FortiWLM and FortiXDR. Other
trademarks belong to their respective owners. Fortinet has not
independently verified statements or certifications herein
attributed to third parties and Fortinet does not independently
endorse such statements. Notwithstanding anything to the contrary
herein, nothing herein constitutes a warranty, guarantee, contract,
binding specification or other binding commitment by Fortinet or
any indication of intent related to a binding commitment, and
performance and other specification information herein may be
unique to certain environments.
Media
Contact: |
Investor
Contact: |
Analyst Contact: |
Stephanie LiraFortinet,
Inc.408-235-7700pr@fortinet.com |
Peter SalkowskiFortinet, Inc.
408-331-4595psalkowski@fortinet.com |
Brian Greenberg Fortinet,
Inc.408-235-7700analystrelations@fortinet.com |
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