The increase of digital banking and the exponential growth of customer data repositories have rendered financial services firms particularly vulnerable to attacks. In 2022, the global rate of ransomware attacks within the sector stood at 55%, escalating to 64% in 2023—a significant surge from the 34% reported in 2021.

These statistics underscore the urgent need for organisations to reinforce their cyber security defences and invest in top-tier talent capable of mitigating evolving threats effectively.

Over the next four years, the shortfall of qualified cyber security professionals is forecast to hit up to 30,000 unfilled positions across Australia. The shortage of cybersecurity skills is a pressing concern with tangible effects. In 2023, 71% of CISOs acknowledged its impact on their organisations. This shortage directly affects CISOs, with approximately one-third noting significant repercussions such as increased workloads, elevated rates of employee burnout, and prolonged job vacancies.

As a leading recruitment firm specialising in cyber security talent acquisition across the APAC region, JS Careers is dedicated to providing comprehensive insights into the evolving landscape of cyber security recruitment. Our commitment to staying on top of industry trends ensures that both employers and candidates have access to timely and relevant information to navigate the dynamic technology and cyber security market effectively.