London faces cyber brain drain

London businesses are in danger of a cyber brain drain, according to research conducted by Mimecast and British Land.

The research found that only half of the cybersecurity professionals (56 percent) expect to still be working in London in the next five years, with 30 percent planning to relocate to another country in Europe over the same period.

It also found that the UK’s businesses were still losing the battle in cybersecurity with the City of London Corporation itself suffering nearly one million cyber-attacks each month.  Yet the security experts all felt their industry was being gutted by a skills shortage which is set to get worse if left to its own devices.

  • 45 percent believe the cybersecurity skills shortage is negatively affecting their organisation.
  • Only 56 percent of cybersecurity professionals expect to still be working in London in the next five years.
  • 30 percent of cybersecurity professionals are planning to relocate to another country in Europe in the next five years

Apparently, the reason why cybersecurity professionals choose to pursue their career in London because the tech giants are based there and 46 percent believe they will change career paths at some point in the future