Encryption and cybersecurity are among the key skills in demand as businesses speed up the adoption of new technologies.
But there was a global shortfall of more than four million cybersecurity workers in 2019.
Absa Group is trying address the skills shortage through academies in South Africa, which among to produce 300 graduates a year.
It's part of the World Economic Forum's Cybersecurity Learning Hub, which offers free online learning.
Training workers in data encryption and cybersecurity are priorities as businesses accelerate the adoption of new technologies, according to the World Economic Forum’s Future of Jobs Report 2020.
But there's a global shortage of around 4 million skilled workers to fill cybersecurity jobs, leading professional body (ISC)2 showed in 2019.
One solution to close the cybersecurity skills gap is emerging in South Africa, where marginalized youth are training at academies in Cape Town and Johannesburg.
Absa Group, an African financial services provider, launched the Absa Cybersecurity Academy in Johannesburg in March 2019. The company has now launched the second branch of its Cybersecurity Academy in Cape Town, South Africa, and wants to establish Africa as the hub for global cybersecurity skills.
Careers that change lives
Young people from disadvantaged backgrounds across Africa faced a range of threats, including alcoholism, drugs, abuse, physical danger and going to bed hungry, says Sandro Bucchianeri, chief security officer at Absa Group.
“Can you imagine – if we manage to train 10,000 people?” he says. “They’re making a difference for themselves and their families.”
Rapelang Kotsi, one of the students at the Absa Cybersecurity Academy, says: “With what I’m doing currently, I’ll be able to give my son a better future.”
The Academy is a collaboration with the Maharishi Institute, a non-profit private college and self-development organization in Johannesburg that helps young people access education.
It's also part of the World Economic Forum's Cybersecurity Learning Hub, a joint initiative to provide free cybersecurity learning to address the global deficit in cybersecurity workforce.
Absa says the key to the initiative’s success is developing the social and emotional skills needed to succeed in the world of work, as well as technical skills. Students receive accredited cybersecurity training alongside personal development to navigate the world of work.
What is the World Economic Forum doing on cybersecurity
The Centre for Cybersecurity provides a trusted platform where leaders come together to make sense of evolving cyber risks and their systemic implications. It focuses on building understanding and trust in an increasingly interconnected digital world.
By enabling cross-sector collaboration and insight sharing, the Centre helps partners strengthen cyber resilience and address challenges that require collective responses.
It hopes to graduate 300 people a year through the Academy.
Global jobs recovery
The future of work beyond the COVID-19 pandemic will be the focus of the World Economic Forum’s Jobs Reset Summit on 1-2 June 2021.
The event will focus on mobilizing a global jobs recovery plan in the wake of the pandemic, which in 2020 created losses equivalent to 255 million full-time jobs and an estimated $3.7 trillion in wages.
“The choices made by policy-makers, business leaders, workers and learners today will shape societies for years to come,” the World Economic Forum explained in the run-up to the event.
Closing the cybersecurity skills gap could help create jobs and ensure businesses are safe.
