For Telcos, There’s An Inherent Cybersecurity Risk In Just Doing Business
Daniel Woods, 10 March 2021
Telecommunications companies are in the crosshairs of hackers around the world, and it’s a problem that everyone should be concerned about. Nearly everyone has an account with a telco, and those accounts can be gateways into your bank accounts, investments, digital currencies and other high-value targets.
In this industry, one misstep by a skilled security team could result in millions of dollars in losses for a company and its customers, not to mention embarrassing headlines, costly fines and brand damage that could last decades.
Compounding the challenge is that it’s not just a matter of securing the network and writing good code. The mere act of providing services to customers results in inherent vulnerabilities that attackers can work to exploit. Giving customers the ability to create and log into accounts, port phone numbers out to other providers, swap SIM cards, or even simply send and receive text messages all create avenues of attack for bad actors.
