There is a freeze on hiring at insurance aggregator PolicyBazaar. There is one big exception, though — the company is looking to hire a head of IT security. Now with WFH, around 10 million policies being sold a year and over 10,000 agents, “we need an experienced hand who understands scale,” says Sarbvir Singh, CEO, PolicyBazaar. Across India Inc, even as jobs dry up, demand for cloud security professionals, network forensic experts, internet of things testers, identity and access management professionals and security architects is actually booming.
Rakesh Kharwal, managing director, India, Cyberbit, refers to data from sources such as Nasscom, LinkedIn 2020 jobs report and staffing firm Xpheno, all of which point to a demand-supply mismatch among security professionals. Nasscom reveals a yawning gap — India needs 1 million experts and has less than 10,000 who can secure networks.
The problem is compounded by the fact that most companies are looking for experienced hands rather than freshers who will learn the tricks on the job.
Sanjay Kaushik, managing director, Netrika Consulting India, which offers risk mitigation and integrity management services, expects demand for audits to spike in June and July. That will trigger demand for more security specialists.
Jaspreet Singh, partner for cyber security at EY India, says: “Cyber breaches are up 30-35% in the last month. There are multiple problems like fakes versions of apps and unpatched VPNs. Companies need more hands to monitor and plug gaps, and hence demand will scale.”