With the final divorce date of March 29th 2019 looming ever closer, the UK and EU are still scrabbling to try and establish a deal that all parties find acceptable. In the meantime, citizens and businesses alike are waiting with bated breath to learn how the final agreement will impact their livelihoods.
The tech sector is one of the industries left the most exposed by a bad Brexit deal, and indeed the current state of play poses some significant challenges. Most technology companies are extremely reliant on recruiting international talent and will be left in a difficult position as freedom of movement is curtailed.
Within the tech sector, the threat to the cyber security industry is one of the most concerning issues under Brexit, as a lack of talent here will mean not only lost revenue and jobs, but an increase in the cyber threat facing citizens, businesses and national security.
Widening the skills gap
Like most technology companies, security businesses are extremely reliant on international talent to make up the shortfall in UK security professionals. The fall in migration heralded by Brexit could have a significant impact on the fight against cyber criminals and nation state threats, particularly with most companies already struggling to recruit security professionals.
The shrinking talent pool
Creating more barriers for migration will serve to widen the security skills gap further still and enforcing stricter visa requirements will serve to minimise the UK security talent pool. One of the biggest issues being hammered out during the lengthy Brexit negotiations has been the free movement of skilled workers.
Global collaboration is extremely important in the fight against international cyber crime, and we may risk our position as a leading force in the battle.
Rocky road ahead
Unless provision is made now to ensure that the UK can welcome skilled, cyber and tech professionals in a post-Brexit landscape, the industry, and country at large, are in for some serious challenges in the coming years. Businesses must be prepared for already high wages to skyrocket further as the already small talent pool continues to shrink.
Source: TEISS – Cracking Cyber Security