Will a Recession Impact Cybersecurity Employment?

Will a recession finally provide some hiring relief for the cybersecurity industry? Will talent finally be available to hire for the hundreds of thousands of cybersecurity positions out there?

It will likely depend on a variety of factors such as the specific industries that are hit hardest by the recession and the overall depth of a recession. However, there are a few key points to consider when thinking about how a recession might impact this field.

Firstly, it is important to note that cybersecurity has been a rapidly growing field in recent years. According to data from the Bureau of Labor Statistics, employment in computer and information technology occupations is projected to grow 11% from 2019 to 2029, much faster than the average for all occupations. This growth is driven in part by the increasing need for cybersecurity professionals as the number and severity of cyber attacks continue to rise.

Despite this overall growth trend, it is possible that a recession could lead to some short-term job losses in the cybersecurity field. As companies and organizations face economic challenges, they may cut costs by reducing headcount or freezing hiring in certain areas. This could lead to a temporary dip in demand for cybersecurity professionals.

However, it is also possible that a recession could actually lead to increased demand for cybersecurity professionals in the long run. As companies and organizations look for ways to cut costs and protect their assets, they may invest more heavily in cybersecurity measures to protect against cyber attacks, which could lead to more job opportunities in the field.

Additionally, the COVID-19 pandemic has accelerated the digital transformation and companies are investing in cybersecurity to secure their remote work and online presence. This shift is also likely to increase demand for cybersecurity professionals.

Overall, while it is difficult to predict exactly how the upcoming recession will impact cybersecurity employment, it is likely that the field will continue to experience growth in the long term, despite any short-term challenges.

About?Tim Howard

Tim Howard is the founder of 4 technology firms including?Fortify Experts?which helps companies hire the Best Cyber Talent on the Planet as well as provides expert consulting and NIST-based?security assessments.?

In addition, he has a passion for helping CISOs develop Higher Performing Teams by hosting interactive?CISO Forums, new CISO startup coaching, and by helping them create highly-effective team cultures.

With each new hire, his firm produces an?Employee Operating Manual?to help clients understand how to motivate and maximize productivity while meeting the needs of each employee.

He also teamed up with Lyndrel Downs to launch?Cybersecurity DIVAS?to help promote the most influential women in cybersecurity and provide a mentoring program to help encourage and support more diversity within the industry.

Tim is married with 3 kids. He is an avid runner and has completed two?IRONMAN Texas?events. He is also a graduate of Texas A&M University.?

Invite Tim to connect:??www.dhirubhai.net/in/timhoward