Saturday , December 21 2024
Telco

Global Telco Market expected reach a CAGR of 10.5%
Global Cyber Attack in Telecom Sector Market Synopsis

The Global Cyber Attack in Telecom Sector Market is projected to grow at a rate of 10.5% and reach USD 4,068.5 million by 2027. This growth is fueled by an increase in cyber-attacks, the adoption of cloud computing and data analytics technologies, and the growing number of connected devices. However, challenges include a shortage of skilled professionals and the high cost of cyber security solutions. On the bright side, government initiatives such as regulations and guidelines from the European Union present new opportunities for the market.

A cyber attack in telecom occurs when someone deliberately steals, disrupts, or exploits data or networks in the telecom industry. This can involve activities such as phishing, malware, ransomware, malicious domain registration, DDoS attacks, and other harmful actions that aim to compromise the security of telecom companies and their customers.

Authority Denies
Hacker claim ransomware attack on Indonesia’s state bank BRI

Bank Rakyat Indonesia (BRI), the largest state bank by assets, has assured customers that their data and funds are secure...
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Authority Denies  Hacker claim ransomware attack on Indonesia’s state bank BRI

London-based company “Builder.ai” reportedly exposed 1.2 TB data

Cybersecurity researcher Jeremiah Fowler reported to Website Planet that he found a non-password-protected 1.2 TB dataset containing over 3 million...
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London-based company “Builder.ai” reportedly exposed 1.2 TB data

(CVE-2024-12727, CVE-2024-12728, CVE-2024-12729)
Sophos resolved 3 critical vulnerabilities in Firewall

Sophos has fixed three separate security vulnerabilities in Sophos Firewall.  The vulnerabilities CVE-2024-12727, CVE-2024-12728, and CVE-2024-12729 present major risks, such...
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(CVE-2024-12727, CVE-2024-12728, CVE-2024-12729)  Sophos resolved 3 critical vulnerabilities in Firewall

“Workshop on Cybersecurity Awareness and Needs Analysis” held at BBTA

A time-demanding workshop on "Cybersecurity Awareness and Needs Analysis" was held on Thursday (December 19) at Bangladesh Bank Training Academy...
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“Workshop on Cybersecurity Awareness and Needs Analysis” held at BBTA

CVE-2023-48788
Kaspersky reveals active exploitation of Fortinet Vulnerability

Kaspersky's Global Emergency Response Team (GERT) found that attackers are exploiting a patched SQL injection vulnerability (CVE-2023-48788) in Fortinet FortiClient...
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CVE-2023-48788  Kaspersky reveals active exploitation of Fortinet Vulnerability

U.S. Weighs Ban on Chinese-Made Router TP-Link: WSJ reports

The US government is considering banning a well-known brand of Chinese-made home internet routers TP-Link due to concerns that they...
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U.S. Weighs Ban on Chinese-Made Router TP-Link:  WSJ reports

Daily Security Update Dated: 18.12.2024

Every day a lot of cyberattack happen around the world including ransomware, Malware attack, data breaches, website defacement and so...
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Daily Security Update Dated: 18.12.2024

CISA released best practices to secure Microsoft 365 Cloud environments

CISA has issued Binding Operational Directive (BOD) 25-01, requiring federal civilian agencies to improve the security of their Microsoft 365...
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CISA released best practices to secure Microsoft 365 Cloud environments

Data breach! Ireland fines Meta $264 million, Australia $50m

The Irish Data Protection Commission fined Meta €251 million ($263.6 million) for GDPR violations related to a 2018 data breach...
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Data breach! Ireland fines Meta $264 million, Australia $50m

Over 25K SonicWall VPN Firewalls exposed to critical flaws

More than 25,000 SonicWall SSL VPN devices are vulnerable to critical flaws, with 20,000 running outdated SonicOS/OSX firmware that is...
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Over 25K SonicWall VPN Firewalls exposed to critical flaws

The Global Cyber Attack in Telecom Sector Market is mainly caused by the increase in cyber-attacks and the use of technologies like cloud computing, data analytics, and connected devices. This is leading to market growth as organizations invest in cyber security solutions to protect their data and networks. The market is also expected to benefit from the opportunities arising from the emergence of 5G technology.

The Global Cyber Attack in the Telecom Sector Market has two main challenges. The first is a lack of skilled personnel to implement the necessary cyber security solutions. The second challenge is the high cost of these solutions, which limits market growth because organizations cannot afford them.

Government actions are supporting the growth of the Global Telecom Sector Market in Cyber Attack. For instance, the European Union has put in place regulations and guidelines to protect its citizens from cyber-attacks. Additionally, governments are providing financial help to organizations to improve their cyber security infrastructure.

This report examines the global cyber attack in the telecom sector market. It includes information about the market size, trends, growth drivers, restraints, competition, regional analysis, and other relevant factors. Market experts and reputable sources such as the World Bank, ITU, and OECD have provided valuable insights.

Growth driving factors of the Global Cyber Attack in Telecom Sector Market

  • The increasing complexity of networks and systems globally is a major cause of cyber attacks in the telecom sector. As technology advances, networks and systems become more complex, which makes them more susceptible to cyber threats. Attackers take advantage of this complexity to bypass security measures and access sensitive data without permission. Moreover, monitoring complex networks is challenging, making them an easier target for attackers.
  • The increasing number of connected devices and endpoints is driving cyber attacks in the telecom sector. As more and more devices connect to the internet, the risk of cyber security threats also increases. Attackers can target a largeacyber security threats.
  • Lack of adequate security measures
  • Growing adoption of cloud computing and virtualization
  • Increased usage of mobile devices and demand for data access

Global Cyber Attack in Telecom Sector Market Segment Insights

The Global Cyber Attack in the Telecom Sector Market is segmented based on Product/Type, Application, Deployment, Organization.

By Product/Type
Identity and Access Management
Risk and Compliance Management
Encryption
Data Loss Prevention
Unified Threat Management
Firewall
Antivirus/Anti-Malware

By Application
Telecom Equipment Industry
Telecom Services Industry
Wireless Communication Industry

By Deployment
On-Premise
Cloud-Based

By Organization Size
Small and Medium Enterprises
Large Enterprises

Global Cyber Attack in Telecom Sector Market Regional Analysis

North America
Europe
Asia
Middle East
Latin America

Asia

Cyber attacks pose a growing threat to the telecom sector in Asia due to the rise of digital technologies and the increasing skill of cyber criminals. Telecom networks in the region have been targeted by a significant number of attacks, many of which come from China, India, and other Asian countries.

The attacks have caused telecom companies in the region to lose money, suffer damage to their reputation, and experience service disruptions. Customer data has also been stolen, making the situation even worse. The cyber attack market in Asia is growing due to several factors, including more advanced cyber criminals, the availability of sophisticated tools, and inadequate security measures.

The region has a big population and many telecom companies, making it a target for cyber criminals. To fight cyber attacks, telecom companies need to invest in strong security measures for their networks. They also need to protect their customers’ data and ensure that their services are not affected. This will keep the telecommunications sector in Asia safe and strong.

Source: verifiedmarketreports

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