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week 23
News Roundup

A quick roundup of the news in Telecoms | Week #23

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Rising Ransomware Costs Versus Cybersecurity Countermeasures Industry reports indicate that hackers are thriving despite advancements in cyber defense. The median cost of ransomware attacks has doubled to $26,000 over the past two years, with 95% of incidents resulting in financial loss ranging from $1 to $2.25 million. Social engineering and phishing remain highly effective tactics due to the human element. Senior leadership is increasingly becoming a cybersecurity threat. Governments and law enforcement agencies are taking more decisive actions against high-profile attacks, but these measures mainly deter hackers from targeting less coordinated markets. IoT devices used in DDoS attacks have risen to 1 million, accounting for 40% of global DDoS traffic, necessitating stronger network security and awareness. Despite improved measures, hackers are expected to continue succeeding. Read the full article Viasat Selected for AFRL’s ARBALEST Program: Enhancing Tactical Space Connectivity Viasat Inc., a global communications company, has been chosen by the…

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Cybersecurity Readiness
Telecom News

Organizations’ cybersecurity readiness is troubling, says Cisco

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According to Cisco’s first-ever Cybersecurity Readiness Index, just 15% of global organizations are rated to have the ‘Mature’ level of preparation required to be resistant to current cybersecurity hazards. The index illustrates where organizations are succeeding in cybersecurity preparedness and where deficiencies may worsen if global business and security leaders do not act.   The analysis assesses a company’s ability to sustain cybersecurity resilience in the face of new threats, and includes 19 distinct solutions across five basic pillars: identity, devices, networks, application workloads and data. In a poll of 6,700 private sector cybersecurity leaders from 27 markets, participants were questioned as to which of these technologies they had installed and the current stage of deployment. Businesses were then divided into four readiness stages: beginner, formative, progressive and mature.   More than half (55%) of companies polled worldwide are in the Beginner (8%) or Formative (47%) stages of cybersecurity readiness,…

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trends
Market Trends

Trends to shape the telecom industry in 2023

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The telecommunications industry is one of the most dynamic industries in the world, driving innovation and having a significant impact both on society and business. In fact, regardless what industry you’re in, telecoms will most likely have an impact on your business. If you want to stay ahead of the competition, you must keep an eye on emerging trends and advancements in the telecom industry. So, what major telecom developments should we be on the lookout for in 2023? 5G satellites Looking ahead, we anticipate a surge in satellite access for both devices that directly access satellite connections as well as Non-Terrestrial Networks (NTNs) that employ spaceborne and airborne vehicles for transmission. It is an intriguing capability enabled by Low Earth Orbit (LEO) satellites, which are smaller, lighter, and far less expensive to manufacture, launch, and maintain than traditional geostationary and mid-orbit satellites. Many opportunities are made possible by 5G…

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12 articles for 12 days of Christmas 2021

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With Christmas fast approaching, we would like to present 12 articles to read during the 12 days of Christmas. We hope that this collection of articles will take you on a joyous voyage of telecom business, VoIP, and personal development education. It has been over a year since organizations rushed from the traditional office to a virtual workplace due to the coronavirus. The transition from office to home leads to other changes: many of us now communicate much more often in the virtual world, rather than face-to-face, which means that nonverbal communications are now more important than ever.   Full article: https://voip.review/2021/02/08/importance-nonverbal-communication-virtual-environment/ Most phones today allow users to see the calling party’s phone number before they answer. This feature, called Caller ID or Calling Line Identity (CLI), is a way to let people know who is calling and decide whether they want to answer the call or not. However, callers…

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DDoS
Telecom News

DDoS assaults are becoming a growing danger

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There has recently been a significant surge in Distributed Denial-of-Service (DDoS) assaults all around the world. A DDoS attack is a malicious attempt to interrupt regular traffic to a targeted server, service, or network by flooding the target or its surrounding infrastructure with excessive Internet traffic.   Cloudflare has reported that it has neutralized a Distributed Denial-of-Service attack that leveraged about 15,000 compromised devices and topped at just under 2 Tbps of bandwidth. The assault was believed to have employed a combination of Mirai-infected Internet of Things devices, which are frequently used to conduct enormous DDoS attacks, and unpatched versions of the GitLab developer tool.   The DDoS assault comes only a few weeks after Rapid7 announced a GitLab vulnerability on November 1, 2021, rated a full 10.0 on the CVSS severity scale, that could be leveraged to enable an attacker to remotely run code, and warned that exploitation would…

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Week in telecoms
News Roundup

A quick roundup of the news in Telecoms | Week #42

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Telefónica Tech and Fortinet announce new SD-WAN service As the hybrid and cloud-centric work model has become the new normal, Telefónica Tech and the cybersecurity firm Fortinet have unveiled a new worldwide managed, software-defined wide area networking (SD-WAN) solution aimed at the work-from-home market. Fortinet’s latest solution, flexWAN, will debut in Spain before being rolled out internationally across Telefónica’s European and American markets. For corporate personnel connecting from their workplaces or other locations to their jobs, this solution combines networking and security into a single product. Read more at: https://tinyurl.com/yrtssb94 Vodafone launches Eco-SIMs Vodafone has announced that it will begin providing customers half-sized Eco-SIM cards manufactured from recycled plastic. The Eco-SIM should reduce the requirement for 320 tonnes of new plastic to be manufactured each year, resulting in a reduction of about 1,280 tonnes of CO2 emissions each year. Eco-SIMs are expected to be gradually introduced in all twelve of…

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cybercrime
Telecom News

Malwarebytes™ releases a cybercrime research report

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Malwarebytes™, a worldwide pioneer in real-time cyber protection, has collaborated with non-profit partners Digitunity and Cybercrime Support Network to share the findings of “The Demographics of Cybercrime” study. According to the research, cybercrime does not affect everyone equally.   The research, which surveyed over 5,000 people in the United States, the United Kingdom, and Germany, explains how people experience cybercrime throughout the world and shows how demographics affect the frequency of attacks on people, as well as their emotional reaction to becoming a target.   According to the data analysis, underprivileged groups facing societal stigma, such as those with lower incomes and lower education levels, feel less comfortable about their online experiences, and are more likely to be targeted. They are also more likely to be attacked and report  greater emotional strain while reacting to cyberattacks.   According to the findings of the study, particular groups report a higher chance…

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The fundamentals of VoIP security

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One of the most frequently asked questions about a VoIP phone system is fundamental and critical, and is as follows: is VoIP secure? To answer the question, no phone system is bulletproof. VoIP has a myriad of benefits, but possible security risks should not be overlooked.   Given the growing number of cybercrimes around the world, the importance of security has never been more significant. In every practical sense, VoIP has a good reputation as a secure technology. Nevertheless, every time you use electronic devices or the Internet, it is wise to understand the security risks that such usage may pose to your business and take appropriate precautions. You might be wondering, how important VoIP security really is? Even if you yourself have never been a victim, the reality is that the threat of security breaches through the phone system is quite serious.   Truthfully, security is a must for…

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Black Lotus Labs
Telecom News

Black Lotus Labs uncovers watering hole cyber attacks

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Black Lotus Labs, a division specializing in threat intelligence at Lumen Technologies that focuses on identifying malware and cyber security threats, has announced the discovery of a group of compromised websites that have been used in watering hole attacks in the past. All visitors who browse one of the sites would be unknowingly infected and vulnerable to the attacker stealing a copy of their Windows authentication credentials that could be used to impersonate them.   The activity was only recently brought to light and was discovered on several Ukrainian and one Canadian website. These attacks target websites by inserting a malicious function into the website’s code, which is then executed by the victim’s machine. This type of attack has been used for many years, including the high-level compromise that was traced to the San Francisco International Airport website in April 2020.   When analyzing the attacks in Ukraine and Canada,…

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