360quadrants

  The telecommunications industry is the pillar of ongoing digital transformation and cybersecurity is one of the biggest threats to it. The telecom industry is continuously evolving and is expected to achieve unprecedented level of faster communications, however, it is also heavily susceptible to cyber-attacks due to massive amount of data generation and the critical communication infrastructure. The most common cyber-attacks observed in telecom space include Phishing, Malware, DDoS, Access Breach, Integrity Compromise, Social Engineering among few others. Such cyber-attacks result in traffic flooding, hardware vandalism, communication hijacking, data breach, implanting malicious codes in the software etc., causing major disruption across the communication network and data compromise by the user. With the onset of 5G, a fully connected environment is expected through several IoT devices, such as autonomous vehicles and industrial automation, smart grid, smart cities etc. However, ...

  Cyber-attacks have been ranked as the sixth most dangerous threat, and they have become the new normal in both the public and private sectors. In 2022, this dangerous industry will continue to grow, with IoT cyber-attacks alone anticipated trebling by 2025. As a result of the COVID-19 epidemic, cybercrime has increased 600%, including everything from theft and embezzlement to data hacking and destruction. Almost every industry has been compelled to embrace new ideas, forcing businesses to adapt swiftly. Around the world, today’s digital world faces tremendous challenges and cybercrime. Cybercrime is expected to cost businesses globally $10.5 trillion per year by 2025, up from $3 trillion in 2015.  Cybersecurity vendors  also claim that cybercrime constitutes the greatest transfer of economic value in history, with a growth rate of 15% year over year. Cyber Attacks by Industry Some industries are more vulnerable to cyber-attacks than others due to the nature of their bus...