Cybersecurity Unemployment Rate Drops To Zero Percent

There’s a job for everyone with cybersecurity experience.

– Steve Morgan, Editor-In-Chief

The demand for cybersecurity professionals will increase to approximately 6 million globally by 2019, according to some industry experts cited by the Palo Alto Networks Research Center.

Earlier this year, Cybersecurity Ventures predicted there will be 3.5 million unfilled cybersecurity jobs by 2021, up from an estimate of 1 million by Cisco in 2014.

Almost anyone with cybersecurity experience and realistic salary expectations can find immediate employment. There may be a small percentage of the cyber workforce who are in between jobs, some who have resigned to explore new opportunities, and others who are unrealistic about which positions they qualify for (and the compensation commensurate with their experience) — but there’s an abundance of positions available for cybersecurity pros.

Cybercrime damages are predicted to cost the world $6 trillion annually by 2021, up from $3 trillion in 2015… and the world will spend $1 trillion cumulatively over the next five years from 2017 to 2021 on cybersecurity products and services to combat cybercrime. These figures suggest the cyber employment problem will get worse before it gets better.

We interviewed several industry experts who corroborate the unemployment rate, and share the recruiting challenges that come with it.