Cybersecurity Salary Inflation – A Red Flag

If you follow my blog at all you know that I am quite passionate about the cybersecurity skills shortage and its ramifications.  Just to put this issue in perspective, ESG research indicates that 46% of organizations claim they have a “problematic shortage” of cybersecurity skills in 2016 as compared to 28% in 2015 (note: I am an ESG employee). 

Yup, the ESG research seems to indicate that things are getting worse on an annual basis, and ESG isn’t alone in this belief.  For example:

• According to Peninsula Press (a project of the Stanford University Journalism Program), more than 209,000 US-based cybersecurity jobs remained unfilled and postings are up 74% over the past 5 years.
• Analysis of the US Bureau of Labor Statistics indicates that the demand for cybersecurity professionals is expected to grow 53% by 2018.

Adding to this trend, Computerworld research indicates that more than half of security managers expect their organizations to increase cybersecurity headcount this year adding more pressure to the pot. 

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