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Philippines Faces Cybersecurity Talent Shortage Amid Rising Online Threats

by Raxer X.
05/30/2024
in Cybersecurity in Trade, Security & Risk

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The Philippines is experiencing a significant cybersecurity talent shortage, as reported by industry experts. The country has seen a 325% increase in cyber threats, including hacking and digital intrusions, in the first quarter of 2024, particularly amid escalating tensions in the South China Sea

President Ferdinand Marcos Jr. has initiated a comprehensive cybersecurity strategy to strengthen national cyber defenses against such threats. This includes the establishment of a cyber command by the military, announced last year

Despite these efforts, the Philippines is grappling with a brain drain in the cybersecurity sector, similar to the healthcare industry. Skilled professionals are increasingly being recruited by foreign companies offering higher salaries and better working conditions

Salaries for cybersecurity experts in the Philippines range from 40,000 to 90,000 pesos per month, which is significantly higher than the minimum wage. However, this has not been sufficient to retain talent within the country.

The global shortage of cybersecurity professionals hit a record high last year, with an estimated 4 million unfilled positions worldwide. Developing countries, including the Philippines, are experiencing the fastest growth in this gap

Local experts attribute the shortage to a combination of migration and insufficient training opportunities within the country. There is also a need for better communication and policies to encourage recruitment of cybersecurity professionals at a national level

Find the latest updates in supply chain logistics news at The Supply Chain Report. Visit ADAMftd.com for free international trade tools.

#PhilippinesCybersecurity #CyberThreats #TalentShortage #CyberDefense #BrainDrain #CyberSecurityStrategy #FerdinandMarcos #CyberCommand #DigitalIntrusions #GlobalCybersecurity #TechTalent #SkillGap #DataProtection #InformationSecurity #RecruitmentChallenges #CybersecurityProfessionals

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