Code Red – Bridging the cyber security talent gap

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The annual cost of cyber-attacks in the US is now estimated to be more than $3 trillion. In 2017, more than 63% of US companies reported attacks, with a number of high profile breaches making national headlines. From credit card details, to medical records, to electronic voting machines – the threat of cybercrime is more severe than ever.

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There are currently over 330k open openings for IT security professionals in the US, and with almost full employment in the sector, companies of all sizes are essentially fighting over the same talent. Traditionally, when faced with an IT skills shortage, companies have been left with little choice other than to outsource or offshore. But this is not as straightforward when it comes to cyber security.

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Gartner predicts that by 2021 the cyber security skills shortage will be at over 2 million in the US alone, meaning that there will be over 2 million open security openings with no qualified candidates to fill them. This has the potential to result in a national security crisis and urgent action is needed to address it...

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Our mission is to do everything we can to reduce the skills shortage and close the talent gap. We are ultimately going to do this in two ways – tackling both the supply and demand for security talent.

“The price of ability does not depend on merit, but on supply and demand”


Bernard Shaw

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Code Red Staffing

In order to help those companies with the most urgent security requirements, Code Red will offer permanent and temporary staffing services; using our expertise in this space to help our customers attract and hire the right talent.  

In doing so we hope to address the immediate demand for talent, facilitating the movement of human capital to where it is most urgently and desperately needed.

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Code Red Academy

As a more long-term solution, Code Red will offer training services to the next generation of cyber security professionals.  

Through a combination of online and classroom based learning programs, taught by real world cyber security experts with extensive experience in the field, we hope to be able to increase the supply of qualified security talent into the workforce.

In order to successfully close the talent gap, we will need all of the help that we can get.  

We are always on the lookout for individuals, companies and institutions that share our concern about the cyber talent shortage and our passion for doing something about it. If this is you, please don’t hesitate to reach out.  

And if you are a security professional wanting to get a better understanding of what opportunities are out there or a hiring manager at a company with open security openings, then Code Red are here to help.

Contact Us Here

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Financial institutions have long been the target of criminal enterprises, but long gone are the days of masked men robbing banks at gunpoint.

The most serious threats faced by financial institutions are now committed by sophisticated cyber criminals.  

The average annualized cost of cybercrime for financial services organizations in 2017 was over $18m, higher than any other industry.

“According to a white paper published in December 2017 by ‘SecureList’, the biggest threats facing financial institutions in 2018 include:

  • Attacks via the underlying blockchain technologies
  • ATM malware automation
  • More attacks on crypto exchange platforms
  • Traditional card fraud will spike due to the huge data breaches of the previous year
  • More nation-state sponsored attacks against financial organizations
  • Novice mobile banking users will be a new prime target for criminals”

Having identified the Financial Services industry as the most highly targeted by cyber criminals, and with the biggest potential financial risk for these institutions, Code Red has developed a dedicated Financial Services Practice to focus on the specific security needs of our FS clientsbase.   

Our dedicated FS Practice partners with some of the biggest names in Banking, FinTech and Crypto, to help them protect themselves and protect their customers.

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To sign up to the Code Red monthly newsletter please email:

contact@coderedpartners.com


Find our locations below, or talk to us here.

2 Embarcadero Center, San Francisco, CA 94111,
+1 415 494 8499
2420 17th St, Denver, CO 80202,
+1 720 464 7464
110 Wall St, New York, NY 10005,
+1 917 972 7207


If you’re a security professional looking for your next cyber security opportunity or an employer looking to fill a cyber security opening please get in touch.