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January 29, 2022

Asia-Pacific is seeing a hiring boom in payment industry cybersecurity roles

GlobalData research where payments sector firms are hiring for cybersecurity roles. Michael Goodier reports

Asia-Pacific was the fastest growing region for cybersecurity hiring among payment industry companies in the three months ending November.

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 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
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The number of roles in Asia-Pacific made up 31.8 per cent of total cybersecurity jobs – up from 29.3 per cent in the same quarter last year.

That was followed by Europe, which saw a 0.4 year-on-year percentage point change in cybersecurity roles.

The figures are compiled by GlobalData, who track the number of new job postings from key companies in various sectors over time. Using textual analysis, these job advertisements are then classified thematically.

GlobalData's thematic approach to sector activity seeks to group key company information by topic to see which companies are best placed to weather the disruptions coming to their industries.

These key themes, which include cybersecurity, are chosen to cover "any issue that keeps a CEO awake at night".

By tracking them across job advertisements it allows us to see which companies are leading the way on specific issues and which are dragging their heels - and importantly where the market is expanding and contracting.

Which countries are seeing the most growth for cybersecurity roles in the payment industry?

The fastest growing country was the United Kingdom, which saw 4.4 per cent of all cybersecurity job adverts in the three months ending November last year, increasing to 5.8 per cent in the three months ending November this year.

That was followed by India (up 1.2 percentage points), China (up 1.2), and Australia (up 0.8).

The top country for cybersecurity roles in the payment industry is the United States which saw 40.6 per cent of all roles in the three months ending November.

Which cities are the biggest hubs for cybersecurity workers in the payment industry?

Some 5.1 per cent of all payment industry cybersecurity roles were advertised in Hyderabad (India) in the three months ending November - more than any other city.

That was followed by Pune (India) with 5.1 per cent, Singapore (Singapore) with 4.2 per cent, and Bengaluru (India) with 3.1 per cent.

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Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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