The majority of cybersecurity professionals say their roles are increasingly stressful—in large part due to a threat landscape that continues to become more complex. ISACA, a global professional association advancing trust in technology, surveyed more than 1,800 cybersecurity professionals to examine the state of cybersecurity in 2024 and beyond, from skills gaps and hiring plans to threats and budgets.

Summary State of Cybersecurity 2024 and Beyond

A survey from ISACA, an international professional association focused on IT governance, stated they are more stressed, 66% say their job is more stressful now than five years ago. The top reasons mentioned are:

  • The threat landscape is increasingly complex. (81%)
  • The budget is too low. (45%)
  • Hiring/retention challenges have worsened. (45%) Staff are not sufficiently trained/skilled. (45%)
  • Cybersecurity risks are not prioritized. (34%)

Employers should home in on occupational stress for their digital defenders. Take the opportunity to explore ways to support staff before burnout and attrition occur. Employees want to feel valued. As the leadership adage goes, take care of your people and they’ll take care of you. – JON BRANDT • Director of Professional Practices and Innovation, ISACA

Cybersecurity Job Openings Are Declining

Though 57% OF ORGANIZATIONS say their cybersecurity teams are understaffed, hiring has slightly slowed:

  • 38% of organizations have no open positions, compared to 35% LAST YEAR.
  • 46% of organizations have non-entry-level cybersecurity positions open, compared to 50% LAST YEAR.
  • 18% have entry-level positions open, compared to 21% LAST YEAR.

TOP TWO FACTORS FOR DETERMINING QUALIFIED CANDIDATES:

  • 73% Prior hands-on experience
  • 38% Credentials held

Most Common Skill Gaps

  • 51% Soft skills, especially communication, critical thinking and problem-solving
  • 42% Cloud computing

TOP REASONS

Cybersecurity Professionals Leave Their Jobs

  • 55% of respondents have had difficulties retaining qualified cyber candidates.

The most common reasons for leaving are:

  • 50% Recruited by other companies (down 8 points from 2023)
  • 50% Poor financial incentives
  • 46% Limited promotion and development opportunities
  • 46% High work stress levels

Budgets Are Underfunded While Threats Increase

  • 51% say cyber budgets are underfunded (up from 47% in 2023).
  • only 37% expect budgets will increase in the next year.
  • 38% ARE EXPERIENCING INCREASED CYBERSECURITY ATTACKS compared to 31% one year ago.

TOP ATTACK VECTORS

  • 19% Social engineering
  • 13% Malware
  • 11% Unpatched system Denial of Service (DoS)
  • only 40% have a high degree of confidence in their team’s ability to detect and respond to cyber threats. NEARLY HALF (47%) expect a cyberattack on their organization in the next year.

Cybersecurity Needs to Be Prioritized

  • only 56% say their board has adequately prioritized organizational cybersecurity.

Conclusion: The Future of Cybersecurity in 2024

Cybersecurity in 2024 is characterized by a convergence of emerging technologies, increasing digital transformation, and evolving cyber threats. To stay ahead, businesses must adopt a multi-layered approach, combining AI-powered tools, Zero Trust frameworks, cloud security, and robust data protection practices. Proactive threat hunting, employee training, and strategic investments in new technologies will be critical to defending against an ever-growing range of cyber threats. As the digital landscape becomes more complex, cybersecurity must remain a top priority for all organizations.

For full results, visit www.isaca.org/state-of-cybersecurity-2024. The infographic below is sponsored by Adobe.

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