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Wednesday 11 May 2022

Wales investing in new Cyber Innovation Hub

Welsh GovThe Welsh government is investing £3m in a new Cyber Innovation Hub with plans for it to be operational later this year. The funding will be matched with £3 million of co-funding from Cardiff Capital Region and £3.5 million from consortium partners.

The new Cyber Innovation Hub is being led by Cardiff University with partners including Airbus, Alacrity Cyber, CGI, Thales NDEC, Tramshed Tech, and the University of South Wales.

It’s hoped the new Innovation Hub will train more than 1,000 cyber-skilled individuals and grow the cyber security sector in Wales by more than 50% by 2030. There are currently 51 cyber-related businesses based in Wales, employing 4% of cyber security professionals based in the UK.

Across the UK, 51% of business say they have a basic skills gap in cyber security, which includes configuring firewalls, storing or transferring personal data, and detecting and removing malware. 33% have more advanced skills gaps in areas such as penetration testing, forensic analysis and security architecture. This figure has remained largely the same over the past 4 years.

Demand for cyber security professionals increased 58% in 2021 YoY, with an estimated shortfall of around 14k cyber security personnel. Excluding those working directly in cyber sector firms, 85% of individuals fulfilling cyber roles in the private sector have transitioned from a previous non-cyber role.

Investment in cybersecurity continues to be strong, but the continuing lack of skills in Cyber and other areas such as AI remains an issue and risk for many oranisations. While automation in some job roles may allow people to re-train, we will still need to see further investment from both the public and private sector if we hope to close the skills gap over the coming years.

Posted by: Simon Baxter at 09:04

Tags: training   cybersecurity  

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