In an interview with Channel NewsAsia, our CEO, Jonathan Phua, talked about the challenge of finding the right cybersecurity talents, who can fill positions in the local cybersecurity industry. Singapore, like many countries, is experiencing a shortage of cybersecurity professionals. This makes it difficult for many organisations to get strong cybersecurity. The higher demand for experienced cybersecurity professionals also means higher hiring costs.
Immediate shortage aside, there are good reasons for Singapore to develop its cybersecurity talents.
“It is vital for Singapore to grow our own cybersecurity talents because of two reasons. First, Singapore has a good shot at becoming a major cybersecurity hub. We have the right people and infrastructure. Second, if not for economics, then for national defense, as cybersecurity is already the sixth pillar of Total Defence,” explained Phua.
Attracting cybersecurity professionals need not always be via higher salaries. There are applicants who join companies not just because of the financial compensation, but also for the value of the product or service they see that those companies are producing. “Within InsiderSecurity, we have been fortunate in that we have been able to attract talents, as we are doing exciting, cutting-edge work,” said Phua.
InsiderSecurity is helping address the current talent shortage by continuing to develop automated cyber threat detection technology, that helps companies with even small IT teams cope with cyber threats.
Watch the interview here at around 17:15 minutes into the video.