https://www.arnnet.com.au/article/650124/cyber-security-skills-shortage-cost-405m-australian-businesses-2017/
By Samira Sarraf
arnnet.com.au
28 November, 2018
The updated Sector Competitiveness Plan (SCP) from AustCyber revealed
skills shortage in Australia's cyber security sector is more severe than
initially estimated and is resulting in economic costs.
In 2017, the domestic cyber security sector is estimated to have forfeited
up to $405 million in revenue, according to the report, which companies
could have generated if they had been able to find enough cyber security
workers to fill existing vacancies.
The Australian Cyber Security Growth Network's (AustCyber's) updated plan,
stated that Australia may need almost 18,000 additional cyber security
workers by 2026 for sector to harnesses its full growth potential.
There is, however, a "tremendous" market opportunity according to the
report as global annual spending on cyber security increased by 7.4 per
cent to US$131 billion in 2017 and is expected to remain robust in coming
years.
[...]
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