Funding for startup U.K. Cybersecurity Firms has Increased by 940% Since Lockdown

Stu Sjouwerman | Aug 28, 2020

iStock-1169668297Yes, 940%. The demand for cybersecurity has risen so much since COVID, that the U.K. is seeing a new cybersecurity business registered every week and massive job vacancies.

I’ve spent the last 6 months writing about the increases in attacks – both related and unrelated to COVID – so it should come as no surprise to see increases in demand for both cybersecurity businesses and job openings for cybersecurity professionals. New data from global recruiter Robert Walters and recruitment data provider VacancySoft highlights how the U.K. and Europe as a whole are in dire need for help with cybersecurity:

  • 70 percent of companies in Europe don’t feel their cybersecurity team is sufficient
  • There is currently a shortage of 140K cybersecurity professionals across Europe
  • 33 percent of organizations feel cybersecurity professionals will be in demand post-COVID

This has led to a massive jump in new cybersecurity services organizations; with so many vacancies, the only way to support so many companies that have a lack of internal cybersecurity staffing is by outsourcing to a service provider.

If you’re at all interested in cybersecurity as a profession (regardless of where in the world you live), believe me – now is the time.

Organizations are starving for talent that can help establish a layered security model that helps to prevent, protect, detect, and remediate threats. And should you go down this path, don’t forget about the value of using Security Awareness Training as part of your strategy; the user is always your weakest link and it’s only through repetitive education that users become an effective part of securing the organization.

Discover Your Organization’s Phish-prone™ Percentage

Ninety-one percent of data breaches begin with spear phishing. Launch our Free Phishing Security Test for up to 100 users to uncover your team's vulnerability and see how your security posture stacks up against industry benchmarks.

Get Your Free Phishing Security Test

Secure the Digital Workforce: Human + AI

KnowBe4 empowers the human and AI workforce to make safer security decisions every day. Trusted by over 70,000 organizations worldwide, we help strengthen security culture and manage risk. Our comprehensive AI-driven platform includes awareness and compliance training, cloud email security, real-time coaching, crowdsourced anti-phishing, AI Defense Agents, agent security and more. As the only global security platform of its kind, KnowBe4 provides personalized content, tools, and techniques to keep the modern workforce safe from phishing, vishing, deepfakes, and emerging threats.

Get the latest insights, trends and security news. Subscribe to CyberheistNews.