Protecting payment data has become one of the most critical roles of cybersecurity teams, and the need for professionals with payment security skills is far outpacing the number of qualified individuals.
Companies looking out for skilled people to help them comply to emerging regulations in the payment security field is making it a career choice worth pursuing. The benefits of CPISI 2.0 are multi-faceted, particularly where an individual’s capability needs more than just experience.
In this article we will be discussing why businesses are looking for professionals with payment security skills, and why you should take CPISI 2.0 certification right now. We will also talk about the benefits of gaining CPISI 2.0 certification in terms of career growth and industry influence, and what comes next.
Why are businesses looking for professionals with payment security skills?
Businesses are making advancements in payment innovation for facilitating real time payments, digital currency, and open banking support. However, security of the sensitive data of the customers, especially on the regulatory and compliance front, is pushing businesses to develop capabilities in the payment security domain.
Although the pursuit for more skilled professionals in payment security and cybersecurity as an overall is on full momentum, Frost & Sullivan predicts that the growing gap between available qualified cybersecurity professionals and unfulfilled positions will reach 1.8 million by 2022.
Pay attention, 8 out of 10 US citizens fear that businesses are not able to secure their financial information while the cost of cyberattacks is highest in the banking industry, reaching $18.3 million annually per company.
What payment security skills (particularly) are companies looking for?
Academic and training institutions want to meet the industry’s talent demands, but they are struggling to create a robust curriculum that can keep up with the pace of change in technological advances and regulatory standards.
What are those in-demand skills in the payment security field? These skills can be classified in 2 categories: core attributes and core capabilities.