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Cisco Invests $10 Million To Tackle Cybersecurity Talent Gap

posted onJune 15, 2016
by l33tdawg

Cisco launched a $10 million scholarship program and enhancements to its security certification portfolio to address the cybersecurity skill shortage being felt by businesses and government organizations globally.

It takes companies as long as six months to find qualified security candidates, according to The Information Systems Audit and Control Association (ISACA). This comes at a time when businesses are struggling to keep pace with cyber attackers as exploits become more frequent, sophisticated, and damaging.  These attacks are increasingly launched by well-funded organizations.

What’s more, industry reports estimate that it takes companies well over three months to determine that systems have been compromised, says Tejas Vashi, senior director of Cisco Services.  According to the Cisco 2016 Annual Security Report, 59% of the security professionals surveyed said their organization’s security infrastructure was up-to-date and constantly upgraded. “But 41% are openly saying, ‘we are not ready,’” Vashi says.

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