Highlights –

  • Research indicates that the lack of cybersecurity talent is responsible for 80% of the breaches.
  • Having raised USD 100 million in funding at the beginning of this year, ThriveDX has been a significant player in the market for digital skills training since its establishment in Israel in 2006.

Many firms struggle to find skilled cybersecurity personnel. According to (ISC) the cybersecurity workforce was 2.72 million positions short in 2021, which means that to cover all available designations, the cybersecurity workforce must grow by 65% globally.

Unfortunately, corporations won’t have the required expertise to defend against the newest internet dangers if these positions remain unfilled.

To assist firms in attracting, retaining, and developing cyber talent more effectively, ThriveDX, a supplier of cybersecurity skills training, today announced the release of its Cyber Talent Hub. The hub brings together educators and employers from both commercial and governmental organizations.

The hub will give businesses access to a talent pool of competent and varied candidates and aspiring security experts from the top universities across the nation. It’s a method that will help companies locate qualified applicants for entry-level positions quickly.

Carahsoft, Exclusive Networks, Ingram Micro Inc., Jacobs, Kyndryl, Liberty Mutual Insurance, Mandiant, Marsh, New York University, University of Chicago, University of Michigan, and the University of Wisconsin are a few of the business and academic partners that are supporting the program at launch.

Bridging the cyber skills gap

The fact that many businesses lack the knowledge necessary to safeguard their environments against threat actors is one of the key problems brought on by the cyber skills gap. In fact, research indicates that the lack of cybersecurity talent is responsible for 80% of breaches.

The simple truth is that if a company can’t afford to hire an expert to find defense gaps, those weaknesses are wide susceptible to exploitation by threat actors as part of coordinated attacks like ransomware.

At the same time, it’s critical to acknowledge that conventional hiring methods are ineffective. Organizations must construct new talent acquisition and development operations based on digital skills training if they wish to maximize their capacity to hire individuals.

One method for doing this is through the Cyber Talent Hub at ThriveDX. With this strategy, businesses will have a new digital avenue to find certified cybersecurity specialists.

Insights on the cyber skills market and competition

Having raised USD 100 million in funding at the beginning of this year, ThriveDX has been a significant player in the market for digital skills training since its establishment in Israel in 2006. It provides a new digital platform for companies to train staff members about phishing and security issues.

One of ThriveDX’s primary rivals is Coursera, which offers an online platform where users can finish over 5,000 courses and earn online degrees. Coursera raised USD 130 million as part of a series F fundraising round in 2020.

Another competitor is 2U, which provides an online learning platform called edX, where users may finish courses, programs, and degrees from some of the top universities in the world. 2U anticipates its revenue to be between USD 1.05 and USD 1.09 billion this year. There are currently 485,279 users and more than 3,000 courses on the platform.

Currently, the critical distinction between the rivals and ThriveDX is that the latter provides a platform for cybersecurity education and talent creation and a Cyber Talent Hub for linking businesses with security specialists.

Experts’ Take

Dan Vigdor, the founder and co-CEO of ThriveDX, said, “The Cybersecurity Talent Hub (CTH) will create a single ecosystem designed to attract, foster, and continuously improve and grow cybersecurity talent. This concept leverages existing technology and services provided by ThriveDX to create a virtual ecosystem that provides efficient matching between, and incentives to, participating students, educators, and employers.”

“Through this Hub, we want to provide a sustainable pipeline of highly trained individuals interested in lucrative cybersecurity careers and then match them with employer partners looking to hire for open roles,” Vigdor said.