The latest news of the UK choosing to break away from the EU will result in a domino effect of drastic changes in the country’s policies, economy, politics and more.
Many industries that affect the lives of all British citizens will see a shift in finances, productivity, resources, and talent. One of the sectors that will take a hit and now fight to sustain their stability and obtain growth is the cybersecurity field.
A majority of leaders in the tech and cybersecurity industry fear that the Brexit would put a halt on progression and possibly weaken their current status.
Juniper Research surveyed UK tech workers and 65 percent of all surveyed employees say that Brexit will have a negative impact on the global tech industry.
Apart from the EU, all cybersecurity data and privacy laws can be restructured and changed, which will also affect the future direction and growth of cybersecurity businesses.
Read on to see the top 3 ways Brexit will affect cybersecurity growth in the UK.
Decrease in Talent
Withdrawal from the EU results in greater restrictions and more holes to jump through for people who live in the EU countries and are trying to obtain employment in the UK and vice-versa.
Now recruiting talent from other countries will become more difficult and tedious, which in turn will affect the progression of UK cybersecurity businesses.
A survey was conducted among 3,000 senior members of the capital’s tech scene by Tech London Advocates and results showed that 87% opposed Brexit because they feared that the new independence would cause a lack in attracting European customers, talent from overseas and reduced cooperation from overseas companies.
A barrier in recruitment would put pressure on UK residents to uphold and grow their cybersecurity defenses, which may not be the best option according to recent reports.
A majority of the UK’s current residents are not tech-savvy and lack basic computer knowledge according to the 2016-17 Digital Skills Crisis Report conducted by the House of Commons.
The report states that 12.6 million adults in the UK lack basic digital skills and almost 5.8 million people have never used the internet. In order to make their cybersecurity defenses up to par, almost 90 percent of new jobs will require digital skills, and today 72 percent of employers are unwilling to interview candidates who have no basic computing skills.
Based off these statistics and losing out on talented employees, 70 percent of the senior members said they believed that Brexit would damage London’s reputation as a world-leading technology hub.
Hit in Education
A halt in outside recruiting would force the UK to build up and train the next generation of cybersecurity employees, yet even that tactic faces a barrier.
The EU provides a third of research funding for universities in the UK. This loss of funding will undoubtedly cause a huge impact on the university’s capability to educate and produce highly knowledgeable and proficient tech workers.
The Digital Skills Crisis Report states that for digital education, 22 percent of IT equipment in schools across the UK is ineffective and only 35 percent of computer science teachers in those universities had a relevant qualification.
Due to the lack of funds, the only way the UK can improve their future in cybersecurity is to set aside a large enough portion of funds for cybersecurity programs.
A Rise in Cyberattacks?
Whether companies, individuals and the UK government experience higher cyberattacks largely depends on whether new cyber laws and regulations will be enforced.
Research from Alien Vault Unified Security Management shows that 38 percent of IT security employees believe the Brexit will make the UK more vulnerable to cyberattacks, since they can no longer partake in intelligence sharing with other EU states.
Cyber criminals are always on the lookout for vulnerable accounts, and will be waiting to find any loopholes in new cyber laws and regulations.
Apart from the EU, the UK will have complete independence. Hopefully, their cybersecurity strategies and employees are ready and able to stay one step ahead in the world of cybersecurity.