50% OF CYBER SECURITY PROFESSIONALS IN HONG KONG SAR BELIEVE AI WILL IMPACT HEADCOUNT WITHIN A YEAR
Professionals concerned budget cuts may result in lack of investment towards manpower
Hays, the global leader in workforce solutions and specialist recruitment recently released the Hays Global Cyber Security Report 2024 which was completed in late 2023 and features insights from over 1,000 cyber security leaders, from across 47 countries. The report explores how cyber security leaders are currently approaching recruitment and retention strategies for qualified cyber security staff, as well as the anticipated impact of AI, and their organisations investment plans.
Among respondents in Hong Kong SAR, 50% expressed the belief that AI will impact headcount within a year, addition, 38% of professionals were ‘Extremely concerned’ about AI-powered attacks. In a separate poll conducted across 6 weeks in late 2023, 39% of employees in Hong Kong SAR expressed concerns that their company was not embracing AI sufficiently to stay relevant.
Sue Wei, Managing Director at Hays Greater China, commented on the report, “Cyber security experts globally are preparing for the influence of AI on their capacity to continue functioning efficiently. As criminals gain access to evolving tools that heighten their threat capacities, so too will companies need to adjust their security toolkits to respond.”
Despite the emerging threat, 14% of cyber security professionals foresee budgets to be cut by over 21%, Respondents were concerned about the necessary investments to headcount required for security teams to be able to respond efficiently.
“Leaders will need to plan their investments carefully in the coming year with regards to cyber security,” said Sue Wei. “It falls to leaders to ensure that there is a pipeline of talent equipped with relevant skills to face modern challenges companies can expect to see in the years to come.
The Hays Global Cyber Security Report 2024 can be downloaded here.
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About Hays Hong Kong SAR
Hays Specialist Recruitment Hong Kong is the one of the leading specialist recruitment companies in Hong Kong SAR in recruiting qualified, professional and skilled people across a wide range of industries and professions.
Hays has been in Hong Kong SAR for over a decade and boasts a track record of success and growth. At Hays in Hong Kong SAR, we operate across the private and public sector, dealing in permanent and contracting positions, and workforce solutions such as recruitment process outsourcing (RPO) and Managed Service Programmes (MSP) in the following specialisms: Accountancy & Finance, Banking & Financial Services, Construction, Digital Technology, Engineering, Finance Technology, Human Resources, Information Technology, Insurance, Legal, Life Sciences, Marketing & Digital, Office Professionals, Property, Procurement, Supply Chain, Sustainability and Sales. We continue to strengthen our position in Asia with the world-leading ISO 9001:2015 certification in all our operational markets including Hong Kong SAR, China, Japan, Malaysia, Singapore, and Thailand.
About Hays
Hays plc (the "Group") is the world’s leading specialist in workforce solutions and recruitment, such as RPO and MSP. The Group is the expert at recruiting qualified, professional and skilled people worldwide, being the market leader in the UK, Germany and Australia and one of the market leaders in Continental Europe, Latin America and Asia. The Group operates across the private and public sectors, dealing in permanent positions, contract roles and temporary assignments. As at 31 December 2023, the Group employed over 12,300 staff operating from 249 offices in 33 countries. For the year ended 30 June 2023:
– the Group reported net fees of £1,294.6 million and operating profit of £197.0 million;
– the Group placed around 76,800 candidates into permanent jobs and around 245,000 people into temporary roles;
– 15% of Group net fees were generated in Australia & New Zealand, 30% in Germany, 21% in United Kingdom & Ireland and 34% in Rest of World (RoW);
– the temporary placement business represented 57% of net fees and the permanent placement business represented 43% of net fees;
– Technology is the Group’s largest division, with 26% of net fees, while Accountancy & Finance (15%) and Engineering (10%), are the next largest
– Hays operates in the following countries: Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, the Czech Republic, Denmark, France, Germany, Hungary, India, Ireland, Italy, Japan, Luxembourg, Malaysia, Mexico, the Netherlands, New Zealand, Poland, Portugal, Romania, Singapore, Spain, Sweden, Switzerland, Thailand, UAE, the UK and the USA
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