The telecommunication industry is already paving the path for a complete transformation. And why not since the world needs it more than ever now. It is vital for keeping the 24/7 connectivity for businesses and private communications. Quite evidently, it is growing and rising.

Simultaneously, this growth and data transmission also increased DDoS and other forms of attack on telecom companies. Did you know that telecom and ISPs accounted for more than 45% of the share of account takeover and competitive price scraping via bad bot traffic?

Many reports suggest that there will be an increase in the worldwide spending of security and risk management technology to around $150 billion in 2021. Sadly, many global leaders believe that ransomware attacks could cost companies more than $265 billion over the next decade.

That's a considerable amount! If you wonder what type of attacks we are suggesting here, keep reading this article and find out the major cybersecurity threats to the telecom industry.

Read More :- https://www.pukkapartners.com/insight/decoding-the-biggest-cybersecurity-threats-to-the-telecom-industry-right-now

Final Thoughts- It’s time to stand against these notorious cybercriminals

Cyber attacks aren’t any new scene in this telecom space. Being rich in customer profiles, payment information, and highly visible bands makes them vulnerable to cyber-attacks. However, with more than 90% of the businesses shifting remote, the urgency and concerns escalated during the pandemic.

Many believe that the threat meter moved up six notches this year. Clearly, telecom industries are concerned that they might not be prepared for such advanced attacks. After all, not everyone was ready to take all the measures. Hence, they were vulnerable to attacks that could disrupt core operations and damage their brand.

It's time that you invest more in cybersecurity. You might not feel like a potential target. But can you afford to lose your data in the case that happens? Attention is needed to survive this situation and stay competitive in the market.

After all,

An accusation of cyber attacks can make you shut down key services
You might lose personal information, which will impact your accountability and branding.
It could cause website damage and reputation loss.
In any of the three cases, you’ll be at a loss since you will simultaneously lose your credibility and customers. Thus, it will eventually make you lose millions of dollars.

Do you believe your company is protected against these evolving cyberattacks? What are you doing to ensure its safety?

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