Most central banks have difficulty hiring skilled cyber security staff

Respondents highlight pay disparity, skills gap and technological advancements as factors

The majority of respondents to the Risk Management Benchmarks 2024 say they face difficulties in recruiting adequately skilled cyber security employees. 

Two-thirds (66.7%) of 30 central banks say they have difficulty finding people with adequate skills in cyber security. Only 10 (33.3%) central banks said they do not face these challenges. 

Factors driving this include scarcity of skilled personnel, and central banks’ difficulty in offering attractive salaries. 

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