While increased releases of new malware and cyberattack approaches is a significant driver in the growth of cybersecurity spending, another critical element must be considered. The introduction of new and emerging technologies is accelerating at a level not seen before in history. Currently there are nearly a dozen emerging technologies that will become common connections to the internet in the next few years. All that new technology will significantly increase the cyberattack surface area and the complexity and challenge of securing our military systems and nation's critical infrastructure from hostile actions.
The integration of these emerging technologies will bring with them increased complexity for all those involved in cybersecurity. The introduction of these new technologies will require existing cybersecurity protection be modified and new cybersecurity protections be developed.
It will also require cybersecurity professionals become acquainted with these technologies, understand their operations at a high level and evaluate their vulnerabilities. It is easy to see why some are calling for mandatory, continuous education models for all those involved in cybersecurity.
Earlier this year, Cybersecurity Ventures published a report on the cybersecurity market. In that report, the company projected global spending on cybersecurity will exceed $1 trillion for the period from 2017 to 2021. Certainly the introduction of emerging technologies is just one factor driving the continued growth of cybersecurity spending in the military and intelligence communities as well as in business.
And so one of the most troubling questions is: Where are we going to get the additional cybersecurity resources needed to protect all of this? After all, we have all seen the reports of a human resource shortage in this highly specialized field. Clearly just increasing traditional recruiting models will not solve this issue. The time to act is now!