Tag Archives: cyberthreats

Telecommunications companies are not doing enough to address cyberthreats

As the telecommunications industry continues its shift to a digital business model, organisations are recasting themselves as technology companies that offer a broad array of digital communications, connectivity, and content services.

They are racing to deliver not only high-quality and reliable communications services, but also to provide fresh content across a range of computing platforms to an expanding range of customers. Digitisation also has led to new products and services that are created and delivered in innovative ways, resulting in a raft of new collaborations, joint ventures, and strategic alliances across industries. At the same time, a slew of big deals are in the works, including mergers of telecommunications companies, multi-system operators, satellite television providers, and mobile communications networks. Some telecoms are acquiring businesses outside of their traditional scope to gain intellectual property and broaden their services.

Many of these changes are compounding network traffic and demanding that telecoms deliver enhanced capacity and quality of services – without raising fees to customers. That represents a formidable challenge as new entrants to the telecom market and lower pricing structures intensify competition and, in some cases, erode revenues.

Making matters more difficult: The frequency and scope of cybersecurity and privacy risks continue to mount. While breaches have typically targeted customer data, there is growing concern that ultra-sophisticated adversaries like nation-states, organised crime, and hacktivists will initiate attacks that disrupt services and even cause physical damage. A recent attack on a French television network provides an example that is uncomfortably close to home: In April, politically motivated hackers infiltrated a major television broadcaster, knocking 11 channels off the air and compromising websites and social media accounts.

As telecoms pivot toward a more digital future, they will very likely encounter entirely new types of cybersecurity risks to data, applications, and networks. Yet according to findings from The Global State of Information Security® Survey 2015 (GSISS),many telecommunications companies are not doing enough to address cyberthreats for today – or the future.

Advertisements