• By 2019 there'll be an estimated shortage of two million cybersecurity experts consistent with ISACA. Cybersecurity Ventures found that by 2021 that number could grow to three .5 million.
• At an equivalent time, cybersecurity risks are growing exponentially and firms around the world are struggling to know how best to guard themselves against major breaches.
• To make sure that the talent pool is up to the challenge, the industry must generate new interest in cybersecurity careers among students planning for his or her future—at the start of their careers and people looking to form moves into new career tracks.
That is why Zurich recently launched a cybersecurity apprenticeship program that trains promising individuals and builds the foundations for a cyber-secure future.
"Cybersecurity apprenticeships can help develop talent to fill full-time Cyber positions"
As a corporation with long-standing European roots, we believe apprenticeships are an important and sometimes underused tool to draw in and train fresh talent. Our European offices have long used apprenticeship programs to grow its workforce, and in 2017 after getting its benefits, we decided to implement the Zurich apprenticeship program that was made at our Swiss headquarters to provide training in core insurance disciplines.
Fast forward to this. You simply got to activate the news or read the newest headlines to understand that companies face a continuing battle when it involves data privacy and cybersecurity. Breaches, ransomware, and scams are platitudes and are potentially incredibly damaging not only to a business’s bottom line but reputation. While we frequently hear about cyber incidents after they happen, cybersecurity professionals are constantly working behind the scene to stay personal and commercial data and knowledge safe.
As more and more businesses make mass migrations toward cloud-based information storage and processing platforms, as they proliferate their use IOT technology and capabilities, and as they increase their dependence on data-rich caches needed to tell algorithms and decision-making, the risks and opportunity for cybercriminals to harass, infiltrate, and even highjack IT systems will only increase. Yet, it remains unclear whether the mixture of our business economy is ready to face the challenge of the growing risk of cybercrime. The worldwide Risk Report 2018 found that attacks against businesses have almost doubled in five years which the financial impact is increasing greatly. Partially due to this, cyber-attacks and large data fraud both appear within the highest five global risks by likelihood.
The digital arena is volatile and fast-moving, making it challenging to constantly remember and creating leading-edge cyber insurance solutions for patrons battling a myriad of digital attackers on a day today. It requires specialists who are on top of current and emerging security challenges and mitigation strategies. This is often why we launched a replacement apprenticeship program that sees successful apprentices qualify for CompTIA Cybersecurity certification and a Certificate of Completion for the Registered Apprenticeship program.
Like its other pieces of training, Zurich’s cybersecurity direction maybe a two-year program where apprentices work as full-time employees at Zurich while attending classes at Harper College. As employees, Zurich pays each amateur gets a full-time salary with benefits and covers their Harper College tuition. Upon completion of the program, each apprentice will have a full-time cybersecurity position at Zurich and be freed from college loan debt for his or her Associates Degree. Each apprentice is required to form a two-year commitment to performing at Zurich beyond which they're liberal to explore positions with other companies.
Within the Cyber Security Apprentice Program, trainees are gaining a well-rounded and practical education by rotating through six different rotations—threat defense, incident response, application security, vulnerability management, and threat intelligence.
This program couldn’t come at a more important time. the wants for cybersecurity has significantly outpaced anyone's ability to marshal sufficient talent needed to effectively combat this growing threat. Despite a widely known need for more cyber professionals, there remains an inadequate supply of them across the country, creating an ever-widening skills gap across the country. This increasing skills gap in cybersecurity aggregate the risks businesses already face.
We feel this is often an innovative approach to recruit talent to assist with the talents gap and challenges during this space. Cybersecurity talent is scarce and hard to return by.
Zurich's Insurance Apprenticeship Program was the primary to be certified by the U.S. Department of Labor in 2016 and that we participate within the department’s Apprenticeship USA initiative, which is devoted to developing a replacement generation of workers to assist the U.S. to achieve the 21st-century economy. Perhaps no other apprenticeship focus area will better train the most recent members of the US workforce than cybersecurity because it is—no doubt—playing an increasingly important role in our economy.