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The cybersecurity skills shortage India faces, in charts

Livemint

Livemint · 1y ago

The cybersecurity skills shortage India faces, in charts

Recent cyberattacks on the Delhi Police website ahead of the G20 summit highlight the constant threat to digital security. India has experienced an average of 1.3 million cybersecurity incidents per year between 2020 and 2022. The cost of cyberattacks globally is projected to reach $8 trillion by 2023, with an average cost of a data breach in India being $2.18 million. India has lagged in breach identification and containment, taking an average of 230 and 83 days, respectively. India also faces a significant shortage of cybersecurity skills, hindering its ability to combat cyber threats effectively.

Related News

Generative AI biggest weapon and tool for cybersecurity: Microsoft's Brad Smith

Economic Times

Economic Times · 2y ago

Generative AI biggest weapon and tool for cybersecurity: Microsoft's Brad Smith

Microsoft USA Vice Chairman Brad Smith highlighted the significance of generative AI in both cyber threats and cybersecurity management at the B20 India Summit 2023. He noted that organizations and governments would increasingly use generative AI to develop cyber threats, emphasizing the role of generative AI in augmenting cybersecurity efforts due to the shortage of cybersecurity professionals. Smith also mentioned that Microsoft intercepts 4,000 identity attacks every second and advocated for collaboration among governments to establish common standards for cybersecurity.

These are the skills most desired for engineers today

Techradar

Techradar · 1y ago

These are the skills most desired for engineers today

LinkedIn has identified the most sought-after skills for engineers seeking new roles. Soft skills, such as effective communication, analytical abilities, and leadership, are now prioritized alongside technical expertise. The research also suggests that workers with a combination of both soft and hard skills are more likely to receive promotions. Popular programming languages like Python, Java, and SQL are among the most desirable skills. In response to these evolving needs and the global skills shortage, LinkedIn is offering free access to over 40 courses covering both hard and soft skills for engineers.

AI will help fill the cybersecurity skills gap in 2024

Techradar

Techradar · 1y ago

AI will help fill the cybersecurity skills gap in 2024

The UK is facing a growing cybersecurity skills gap, as employers struggle to fill security-related positions and businesses experience a basic cybersecurity skills gap. The article discusses the potential role that AI can play in addressing this skills gap. While AI presents security concerns, it can also offer reinforcements to cybersecurity capabilities. AI can assist with repetitive tasks, reduce alert volumes, and triage security issues. However, organizations must invest in building core competencies and capabilities to effectively harness the full potential of AI.

ETtech in-depth: does India have the required manpower to become the electronics manufacturing powerhouse?

Economic Times

Economic Times · 1y ago

ETtech in-depth: does India have the required manpower to become the electronics manufacturing powerhouse?

India's semiconductor and electronics manufacturing sector is expected to face a shortage of skilled workers in the next 18 to 24 months. The demand for trained shop-floor workers, purchasing managers, and engineers is projected to exceed supply. The industry currently faces a demand-supply gap of about 5:3 for skilled workers. The shortage is unlikely to be resolved soon, and higher education institutions and vocational training centers can only do so much. Companies and industries need to collaborate on initiatives such as setting up research centers and labs on educational campuses and participating in curriculum design. In addition, companies should explore untapped talent pools, offer flexible work options, and prioritize skills over credentials to attract a diverse workforce. Training programs and incentives from the government can also help bridge the skill gap in the sector.

ISRO chairman Somanath to launch cybersecurity R&D centre near airport on Thursday

Economic Times

Economic Times · 11m ago

ISRO chairman Somanath to launch cybersecurity R&D centre near airport on Thursday

ISRO chairman S Somanath will inaugurate a private-sector cybersecurity R&D center in Bengaluru. The lab, called Cyber Nalanda, is being built by SISA, a global cybersecurity solutions company. The initiative aims to strengthen cybersecurity, establish India as a global hub for cybersecurity innovation, and bridge the skills gap in the industry. SISA plans to allocate 10% of its annual revenues for R&D and offer certification programs to train future cybersecurity professionals. This project emphasizes a commitment to securing the digital space globally.

Big Tech continues to hire in India even as local majors downsize - The Economic Times

Economic Times

Economic Times · 24d ago

Big Tech continues to hire in India even as local majors downsize - The Economic Times

Big Tech companies like Meta, Amazon, and Google are expanding their workforce in India despite global layoffs, posting a 16% increase in headcount over the past year. This growth is driven by the demand for AI, cloud, and cybersecurity skills. In contrast, Indian IT firms are reducing staff due to skills mismatches. While layoffs are prevalent globally, India is less affected, with hiring focusing on specialized roles and high-end work through global capability centers.

India’s AI talent gap widens as demand surges

Economic Times

Economic Times · 1m ago

India’s AI talent gap widens as demand surges

The increasing demand for AI skills in India is highlighting a significant talent gap, as only 15-20% of the workforce is AI-equipped. This shortage is affecting hiring strategies across technology firms, with companies like HCLTech and startups like StaqU seeking adaptable, self-taught engineers rather than experienced coders. Salaries for AI roles have spiked, reflecting the market's competitive nature. The deficiency is further exacerbated by limited research infrastructure and funding in India, necessitating upskilling efforts.

Emerging tech skill sets to drive 1 mn jobs by 2030: Quess IT Staffing report

Livemint

Livemint · 8m ago

Emerging tech skill sets to drive 1 mn jobs by 2030: Quess IT Staffing report

Emerging technologies like quantum computing and generative AI are projected to create over 1 million jobs in India by 2030, contributing $150 billion to the economy, a Quess IT Staffing report reveals. Key skills in AI/ML, cybersecurity, cloud computing, data science, and blockchain are driving this transformation, impacting sectors like healthcare and finance. Bengaluru leads in tech hiring, followed by Hyderabad and Pune, as highlighted in the Technology Skills Report 2024.

800 India customers using Microsoft's AI platform, says president Puneet Chandok

Economic Times

Economic Times · 6m ago

800 India customers using Microsoft's AI platform, says president Puneet Chandok

Over 800 Microsoft customers in India utilize its Azure OpenAI platform for AI applications, enhancing productivity, win rates, and resolution speed, as noted by Puneet Chandok. Speaking at CII’s AI conference, he stressed India's goal to become an AI-first nation. A CII-Protiviti survey highlighted growing AI adoption, challenges like governance, ethics, and skills shortage. Experts discussed sectoral AI regulations and strategies for skill development, emphasizing AI’s transformative potential across industries.

Why AI is filling in for mental health professionals

Livemint

Livemint · 1y ago

Why AI is filling in for mental health professionals

Artificial intelligence (AI) is playing an increasingly important role in addressing the shortage of mental health professionals, especially in India. With only 175 psychiatrists per 100,000 people in India, AI platforms are stepping in to cater to the rising demand for mental health consultations, which increased by 25% during the Covid-19 pandemic. AI "companions," including chatbots, are being used to provide support and address mental health requirements. However, the proliferation of AI has raised concerns about potential adverse effects, such as a decline in vocabulary skills due to increased use of AI and texting.

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