logo
Boston Consulting Group Unveils Report on Global Cybersecurity Talent Shortage at Global Cybersecurity Forum 2024

Boston Consulting Group Unveils Report on Global Cybersecurity Talent Shortage at Global Cybersecurity Forum 2024

Biz Bahrain04-10-2024

Boston Consulting Group (BCG), in collaboration with Global Cybersecurity Forum (GCF), unveiled its '2024 Global Cybersecurity Workforce Report' at the GCF Annual Meeting 2024. Titled 'The Global Cybersecurity Workforce Shortage and Skills Gap: A Threat We Cannot Ignore,' the report highlights a significant global shortfall in cybersecurity professionals despite considerable infrastructure and talent development investments. The GCF Annual Meeting 2024, themed 'Advancing Collective Action in Cyberspace,' focuses on enhancing multi-stakeholder collaboration to address key cybersecurity challenges.
Cybersecurity Workforce Crisis
The report highlights that only 72% of cybersecurity roles are currently filled, leaving organizations vulnerable to rising cyber threats. The global cybersecurity workforce stands at 7.1 million professionals, with Asia-Pacific holding the largest share, while Africa faces severe underrepresentation with fewer than 300,000 professionals.
Amidst this workforce shortage, Generative AI (GenAI) is transforming the cybersecurity landscape, with 70% of organizations already incorporating AI into their cybersecurity frameworks. This shift presents both opportunities and challenges. While AI can help address some workforce gaps, it also introduces new complexities. 58% of cybersecurity leaders express concern about AI-enabled adversarial techniques, such as more sophisticated phishing attacks or automated vulnerability exploitation, which could outpace traditional defenses. To address these evolving challenges, 60% of organizations are focused on continuous training and upskilling, aiming to equip their limited workforce with the skills needed to leverage AI effectively while defending against AI-enhanced threats.
Shoaib Yousuf, Managing Director and Partner at BCG emphasized the GCC's advancements in the face of an increasingly complex cyber threat landscape: 'The region's cybersecurity capabilities have evolved significantly, driven by government initiatives like Saudi Arabia's Cybersecurity Workforce Framework (SCyWF), embedding a strategic focus on capacity building through the recently announced UAE and Qatar national cybersecurity strategies. These initiatives highlight a steadfast commitment to protecting critical infrastructure and safeguarding sensitive data. Through targeted investments, international collaborations, and a proactive planning, the GCC is advancing its cybersecurity landscape and contributing to the evolving standards for a secure global cyberspace. By refining its cybersecurity frameworks and addressing emerging threats head-on, the region is solidifying its position as a global leader in cybersecurity, paving the way for a secure, future-ready digital ecosystem.'
Call to Action: A Roadmap to Success
The report emphasizes the urgent need to attract new talent, especially among underrepresented groups such as women, who comprise just 24% of the cybersecurity workforce globally. To address these challenges and build a future-ready workforce, the report outlines key strategic recommendations:
• Targeted and strategic outreach to underrepresented groups • Embedding cybersecurity into organizational DNA • National & academic campaigns for cybersecurity careers • Building an inclusive, diverse, and supportive culture • Clear career progression and development • Adopting skills-based hiring practices • Expanding the talent pool with inclusive practices • Fostering a culture of lifelong learning • Integrating cybersecurity education from the ground up
• Evolving curriculum to meet industry needs

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Bahrain to host 46th Gulf Summit in December
Bahrain to host 46th Gulf Summit in December

Daily Tribune

time6 hours ago

  • Daily Tribune

Bahrain to host 46th Gulf Summit in December

The Kingdom of Bahrain is set to host the 46th Gulf Summit of Their Majesties and Highnesses, the leaders of the Gulf Cooperation Council (GCC) member states, in December. The event reaffirms Bahrain's steadfast commitment to promoting and advancing joint Gulf cooperation. The upcoming summit takes place amid growing regional and international challenges, highlighting the pivotal role of the GCC in fostering unified responses and enhancing mechanisms for collective action across political, economic, and security domains. Key issues expected to be addressed during the summit include strengthening defense and security coordination, deepening economic integration, and discussing regional and global developments impacting the region's stability. Topics Other strategic topics on the agenda include energy security, food sustainability, and accelerating digital transformation across member states. The 45th Gulf Summit was held in Doha, Qatar, in December 2024, where GCC leaders reiterated their unity and adopted several economic and security initiatives aimed at bolstering regional cooperation. Bahrain has previously hosted the summit on seven occasions — in 1982, 1988, 1994, 2000, 2004, 2012, and 2016 — each marking a key milestone in the Council's journey towards deeper collaboration and integration among Gulf nations.

Roots Expands Beyond Borders
Roots Expands Beyond Borders

Daily Tribune

time6 hours ago

  • Daily Tribune

Roots Expands Beyond Borders

TDT | Manama 'Roots: Artificial Intelligence and the New Generation' is set to cross continents as organisers announced that its next edition will be held in Washington, D.C., marking the summit's entry into the global technology dialogue. Held at the Bahrain International Exhibition and Convention Centre in Sakhir, the latest edition brought together ministers, researchers, students, and thought leaders from across the Gulf and beyond, reflecting Bahrain's emergence as a regional platform for future-facing dialogue in artificial intelligence. Regional ties deepen The event underscored the growing Bahraini-Emirati partnership in areas such as AI, entrepreneurship, digital education, and media, reinforcing ties between Gulf Cooperation Council (GCC) countries on issues of future professions and innovation policy. Bahrain's Minister of Information, H.E. Dr. Ramzan bin Abdullah Al-Nuaimi, attended alongside prominent figures from the UAE and other GCC states. Their presence lent weight to a summit widely praised by participants for its professional execution and forward-looking content. Groundwork for innovation In-depth discussions covered key areas like AI-driven decision-making, smart education, cybersecurity, and the role of technology in transforming traditional careers. Students and researchers showcased proposals linking AI to health, tech, and education, pointing to practical applications for upcoming generations. A diverse institutional lineup included Bahrain's Ministry of Interior, Ministry of Finance, Royal Police Academy, Gulf University, Arab Open University, and Al-Mabarrah Al-Khalifia Foundation, as well as HH Sheikh Nasser Center for Research and Development in AI. The summit also drew participants from regional and international organisations including Emirates Researchers Center, Wahed Platform, Trevox Digital Media, and African investigations network AfricaLeaks. Its widening footprint now sets the stage for the global edition. Organisers said the next 'Roots' summit in Washington would build on Bahrain's success, carrying forward its message of Arab empowerment in the digital era and establishing a platform for deeper global collaboration. The event concluded with recommendations to launch AI training and research initiatives focused on youth and entrepreneurs, developed in coordination with regional and international institutions. 'Roots' is expected to continue serving as an interactive knowledge hub that connects Arab identity and innovation, uniting policymakers, academics, and youth around shared ambitions in the digital age.

Juthoor Summit achieves milestone success, strengthens Bahraini-Emirati AI partnership
Juthoor Summit achieves milestone success, strengthens Bahraini-Emirati AI partnership

Biz Bahrain

time7 hours ago

  • Biz Bahrain

Juthoor Summit achieves milestone success, strengthens Bahraini-Emirati AI partnership

Juthoor (Roots) Summit, the New Gen AI Summit, concluded Exhibition World Bahrain in the presence of Dr. Ramzan bin Abdulla Al Noaimi, Minister of Information, along with distinguished figures from the Kingdom of Bahrain, the United Arab Emirates, and other GCC countries. The summit was widely praised by participants and observers alike for its exceptional success in terms of organisation, content, and impact. The summit marked a significant milestone in advancing Gulf cooperation in the fields of technology and innovation. It underscored the spirit of partnership between Bahrain and the UAE in artificial intelligence, entrepreneurship, education, media, and future-oriented professions, further establishing Bahrain as a leading regional platform for shaping the future and embracing technological advancement. Specialised Sessions and Key Themes The summit featured a series of specialised sessions and in-depth discussions covering a range of topics, including artificial intelligence in decision-making, digital media, smart education, tech entrepreneurship, cyber fraud, and career transformation. University students and researchers presented innovative research projects, highlighting practical applications of artificial intelligence in health, technology, and education, thereby opening new horizons for the next generation of innovators. Notable Institutional Participation The summit attracted broad institutional participation from local, regional, and international official, academic, and technological entities, including the Ministry of Interior, Ministry of Finance, Royal Police Academy, Gulf University, Arab Open University, the Shaikh Nasser Centre for AI Research and Development, and AlMabarrah AlKhalifia Foundation. There was also active engagement from Emirati, regional, and international organisations, such as the Emirates Scholar Research Center, One Podcast, Al Ayam newspaper, EuroTimes, Daily Euro Times – Washington, Crestnux (specialists in tech solutions), Trivox Digital Media, as well as data analytics and information companies including Brieflex, Infoflix, and Africalix. An Interactive Knowledge Platform and Practical Recommendations Participants expressed highly positive impressions of the summit, commending the scientific depth and professionalism of the discussions, which reflected the region's readiness to enter the digital era with confidence and competence. They emphasised the importance of sustaining 'Juthoor' as an interactive knowledge platform that contributes to shaping a renewed Arab technological awareness, fosters a culture of innovation among future generations, and bridges the gap between people and technology, as well as between traditional values and rapid progress. Attendees stressed that the summit serves as a cultural bridge, enhancing Gulf integration and providing a dynamic space for open scientific dialogue and collaboration among thought leaders and decision-makers, all in pursuit of a sustainable, knowledge-driven future. From Bahrain to Washington: Juthoor Goes Global Reflecting the summit's growing international dimension, it was announced that the next edition of 'Juthoor' will be held in Washington, D.C., elevating the summit to a new level of global influence and extending its roots from Bahrain to the heart of the world, carrying a message of knowledge, integration, and empowerment of the Arab individual in the digital age. Towards Youth and Research Initiatives in Artificial Intelligence At the conclusion of the summit, a number of key recommendations were issued, foremost among them the launch of specialised training and research initiatives in artificial intelligence and future professions, targeting youth and entrepreneurs in the region. These initiatives will be developed in collaboration with regional and international partners, supporting the Arab digital transformation agenda and empowering Arab individuals to play an active role in shaping the future of technology, rather than merely adapting to it. BNA(R)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store