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Singapore: Cybersecurity Related Job Trends in the Banking and Payments Sector (October 2023 - January 2024)

Industry: Banking and Payments
Current: Other Industry Indicators

The number of active Cybersecurity related job postings in the Banking and Payments sector of Singapore decreased by 4.8% MoM, and decreased by 26.99% since October 2023, reaching 238 active job postings in January 2024
A total of 51 new Cybersecurity related jobs were posted in January 2024, witnessing an increase of 13.33% as compared to the previous month. On the other hand, 63 Cybersecurity related jobs were closed in the same month implying that companies took out 32.98% fewer jobs than the month earlier. For the period from October 2023 to January 2024, the number of new Cybersecurity related jobs posted decreased by 34.62% and the number of Cybersecurity related jobs closed decreased by 31.52%.
In terms of Compound Monthly Growth Rate (CMGR) between October 2023 and January 2024, the number of new Cybersecurity related jobs posted observed a negative growth rate of 13.21%, the number of active Cybersecurity related job postings observed a negative growth rate of 9.96% and the number of Cybersecurity related jobs closed observed a negative growth rate of 11.86%. Between October 2023 and January 2024, the average number of Cybersecurity related jobs posted stood at 66, number of Cybersecurity related jobs closed stood at 91 and number of active Cybersecurity related jobs stood at 278.