A shortage of talent is undermining the insurance industry ’s ability to cope with cybersecurity according to the Deloitte Center for Financial Services which conducted a series of interviews with execs employed in the industry . talent acquisition and retention were identified as challenges for the industry , with burnout of cyber risk management being also cited as a growing concern . Even with investment in new talent , it is expected to take four to five years to close the gap .
A shortage of talent is undermining the insurance industry’s ability to deal with cybersecurity according to the Deloitte Center for Financial Services which conducted a series of interviews with execs employed in the sector. Talent acquisition and retention were identified as challenges for the industry, with burnout of cyber risk management personnel also cited as a growing concern. Even with investment in new talent, it is expected to take three to five years to close the gap.