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January 28, 2022

Asia-Pacific is seeing a hiring boom in retail banking industry cybersecurity roles

GlobalData research reveals where the banking sector is recruiting for cybersecurity roles

By Michael Goodier

Asia-Pacific was the fastest growing region for cybersecurity hiring among retail banking industry companies in the three months ending November.

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The number of roles in Asia-Pacific made up 29.9% of total cybersecurity jobs – up from 27.4% in the same quarter last year.

That was followed by Europe, which saw a 2 percentage point change y-o-y in cybersecurity roles.

The figures are compiled by GlobalData, who track the number of new job postings from key companies in various sectors over time. Using textual analysis, these job advertisements are then classified thematically.

GlobalData's thematic approach to sector activity seeks to group key company information by topic to see which companies are best placed to weather the disruptions coming to their industries.

These key themes, which include cybersecurity, are chosen to cover "any issue that keeps a CEO awake at night".

By tracking them across job advertisements it allows us to see which companies are leading the way on specific issues and which are dragging their heels - and importantly where the market is expanding and contracting.

Which countries are seeing the most growth for cybersecurity roles in the retail banking industry?

The fastest growing country was the United Kingdom, which saw 4.5 per cent of all cybersecurity job adverts in the three months ending November last year, increasing to 7.4% in the three months ending November this year.

That was followed by China (up 1.2 percentage points), India (up 1.2), and Australia (up 0.7).

The top country for cybersecurity roles in the retail banking industry is the United States which saw 40.6 per cent of all roles in the three months ending November.

Which cities are the biggest hubs for cybersecurity workers in the retail banking industry?

Some 4.7% of all retail banking industry cybersecurity roles were advertised in Hyderabad (India) in the three months ending November - more than any other city.

That was followed by Pune (India) with 4.7%, Singapore (Singapore) with 4%, and London (United Kingdom) with 3.1%

Free Whitepaper
img

Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
Enter your details here to receive your free Whitepaper.

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