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



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.


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