Not only is the telecommunications industry a source of enjoyment but it has become a crucial part of our everyday lives; connecting businesses with consumers to loved ones with a family member.
In the process, telecommunications companies have collected invaluable data that cybercriminals are actively trying to steal.
Telecommunication firms don't get a second chance; a successful cyber-attack brings rapid repercussions for every party involved.
of exposed data in 2019
was financial services data
$ is the average annual
cost of cyberattacks in the
days average time to identify and contain a breach in Financial industries
Businesses in the industry face assaults from all angles with Distributed Denial of Service (DDoS), insider threats and phishing campaigns being three of the major threats.
With such a large target painted on their backs, businesses can't plug in any piece of cyber security technology hoping that it'll get the job done.
Organisations looking to protect their data, reputations and financial security must be able to spot and stop emerging cyber-attacks.
In the US, fraud against bank deposit accounts amounted to $25.1 billion in 2018, up from $19.1 billion in 2016