This is common any time there’s so much demand: in the late 90s it was not uncommon to be in a room full of people who were ostensibly web developers and didn’t understand how the web or their backend servers worked but were certain they were about to become rich.
Security is especially bad because so many large organizations are under pressure to improve but the market is tight and the pool of experts is limited. Also, many places have outsourced to large contracting companies who don’t want to admit they don’t have enough qualified staff and will hope that you’ll be satisfied with whoever they deliver.