Fortinet study reveals skills gap impacting UAE cybersecurity

Fortinet study reveals skills gap impacting UAE cybersecurity

A recent study conducted by Fortinet has shed light on the growing skills gap in cybersecurity, particularly affecting large organizations in the UAE. Despite offering lucrative salaries and increasing cybersecurity budgets by 35% to combat AI-powered ransomware attacks, companies are still struggling to find qualified professionals in the field.

The 2024 Global Cybersecurity Skills Gap Report, which surveyed over 1,850 IT and cybersecurity decision-makers from 29 countries including the UAE, has served as a wake-up call for organizations worldwide. The report revealed that 58% of IT decision-makers in the UAE are facing challenges related to a lack of training and upskilling opportunities.

Alain Penel, VP – Middle East, Turkey, and CIS at Fortinet, expressed concern over the findings, stating that the cybersecurity skills gap is a critical issue facing organizations in the UAE. The report also highlighted that nearly 90% of organizations experienced a breach last year, attributing it partly to the shortage of cyber skills.

The consequences of these breaches are severe, with over 50% of respondents reporting that breaches cost their organizations more than $1 million in lost revenue and fines last year. Additionally, 51% noted that executives have faced serious repercussions, including fines or jail time, as a result of cyberattacks.

Despite ongoing staff shortages in the industry, there is a concerted effort to address the issue. The study revealed that 72% of respondents indicated that their boards were more focused on security in 2023, with 97% considering cybersecurity a business priority. However, 90% of respondents stated a preference for hiring candidates with certifications, and 70% find it challenging to locate certified professionals.

Furthermore, diversity in hiring is a key focus, with 83% of respondents setting diversity hiring goals. However, the report found that the proportion of female hires has dropped to 85% from 89% in 2022. As cyber threats continue to evolve, closing the skills gap remains essential for the survival of organizations in the UAE and beyond.