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In the evolving realm of cybersecurity, hackers are displaying agility in adapting their techniques to exploit technological advancements.
Security

Cybersecurity Landscape Faces Escalation in Social Engineering Attacks in 2024

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In the fast-evolving realm of cybersecurity, hackers are displaying remarkable agility in adapting their techniques to exploit technological advancements. The frequency and cost of cyber attacks employing social engineering tactics have witnessed a surge in 2023, and experts predict an even greater volume of such incidents in 2024. GlobalData, a prominent data and analytics company, forecasts a trend where cybercriminals will rapidly innovate and extend the use of methods like social engineering and deceptive practices designed to manipulate individuals into divulging sensitive information.

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To bolster its cybersecurity offerings, SonicWall, a player in the global cybersecurity arena, has officially acquired Banyan Security.
M&A

SonicWall Bolsters Cybersecurity with Banyan Security Acquisition

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In a strategic move to bolster its cybersecurity offerings, SonicWall, a prominent player in the global cybersecurity arena, has officially acquired Banyan Security. Banyan Security is recognized as a leading provider of Security Service Edge (SSE) solutions tailored for the contemporary workforce, and this acquisition is poised to fortify SonicWall’s portfolio.

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In a groundbreaking trial, SKT and Thales have successfully tested the encryption and decryption of identity data on a 5G network.
Security

SKT and Thales Pioneer Quantum-Resistant 5G Network Security

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In a groundbreaking trial, SK Telecom (SKT) and Thales have successfully tested the encryption and decryption of identity data on a 5G network, aiming to safeguard user privacy from potential quantum threats. The experimentation utilized Thales’ cutting-edge 5G Post Quantum Cryptography (PQC) SIM cards within a trial 5G standalone network environment provided by SKT.

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In a decisive move towards advancing its digital agenda, the EU has earmarked a substantial €763 million for the Digital Europe Programme.
IT

EU Allocates €763 Million for Digital Transformation and Cybersecurity

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In a decisive move towards advancing its digital agenda, the European Union (EU) has earmarked a substantial €763 million for the Digital Europe Programme. The lion’s share of nearly €549 million will fortify ongoing projects and multi-country initiatives aligning with the Digital Decade targets. These targets, a roadmap for Member States, aim to accelerate digital transformation by 2030.

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Ericsson partnered with Concordia, Manitoba, and Waterloo Universities in an initiative aimed at enhancing cybersecurity of the 5G network.
Security

Navigating 5G Network Security: Ericsson’s AI-driven Approach

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In an ambitious collaboration, Ericsson is partnering with Concordia University, the University of Manitoba, and the University of Waterloo to bolster cybersecurity for 5G networks, utilizing AI and automation solutions. Their objective: foreseeing and mitigating network breaches for both current 5G and upcoming 6G networks while navigating increasing network stress and complex security requirements.

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UK, Australia, Canada, Japan and the US ventured on a communication initiative known as the Global Coalition on Telecommunications (GCOT).
Telco Buzz

Balancing Innovation and Security in Global Telecommunications Coalition

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The Global Coalition on Telecommunications (GCOT), launched by the UK, Australia, Canada, Japan, and the US, intends to revolutionize telecommunications through joint R&D, funding alignments, and standard development. Offering insights into the initiative’s broad scope, TMT partner Julian Cunningham-Day highlights the coalition’s focus on supply chain diversification and market competition through Open RAN. Despite the promising advantages, potential vulnerabilities may arise from industry-wide open standards. Additonally, GCOT’s emphasis on yet to be realized 6G technology signals its proactive stance towards future complexities.

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In a push for universal cybersecurity standards, the EU faces backlash from global telecom titans like Ericsson and Nokia.
Security

Balancing Cybersecurity Standards with EU Supply Chain Resiliency

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In a push for universal cybersecurity standards, the EU faces backlash from global telecommunications titans like Ericsson and Nokia, who warn of supply chain disruptions akin to those experienced during COVID-19. Striking a balance between stringent security measures and smooth product availability is crucial, prompting these industry leaders to suggest increased self-assessment and more lenient implementation timeframes. However, the underpinning question remains – who should ensure industry compliance, the vendors or third parties? Amidst the surge in cybercrime, a secure, streamlined approach is paramount.

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5G and AI are more than just buzzwords; they're shaping up to become the backbone of technological breakthroughs.
Market Watch

Weighing 5G and AI: Balancing Innovation and Cybersecurity Risks

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5G and AI are more than just buzzwords; they’re shaping up to become the backbone of technological breakthroughs. Their ultra-fast capabilities are key for advancements including IoT and intelligent automation. However, with high speed comes high stakes, particularly in the domain of cybersecurity. Yet, despite potential risks, the limitless possibilities offered by 5G and AI, whether it’s efficiency gains or real-time interactivity, are compelling. This combination is set to revolutionize industries, driving anticipation for what lies beyond the tip of this transformative iceberg.

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