Rajesh is a Principle Analyst covering Cyber Security, Network Services and Digital Transformation. His work entails engaging with global vendors, service providers and end users, and providing valuable strategic advise on these given markets. His particular interests include next generation converged/digitised eco-systems, encompassing IoT, Blockchain, big data and AI, and the role security plays within that. Rajesh is a seasoned professional with over 28 years experience working in Strategy within the IT and Telecoms sector.
• The telecom wholesale market will remain stable in 2020, with declining roaming international revenues, and expansion of FTTx and international backbone infrastructure.
• Wholesale providers with large international foot prints, and providers offering differentiated digitized wholesale solutions will show early success in 2020.
Impact of COVID-19 on the Telecom Provider Market
Overall, telecom providers have experienced pressures on profits as a result of the COVID-19 pandemic. However, unlike other segments the telecom provider market has maintained stability due to strong voice and network connectivity demand, both at a consumer and business level as a result of the lockdown and large percentage of the workforce moving to remote working.
• Security heads must consider the right options when addressing security gaps in an organization’s IT, with a particular focus on email phishing, ransomware, DDoS, and network breaches.
• Assess vendors that have strong threat management capabilities, wide portfolio coverage encompassing cloud and endpoint security through a platform-centric approach, and flexible commercial pricing arrangements.
The global healthcare sector is being subjected to an array of cyberattacks as it deals with the COVID-19 pandemic. Criminals are attempting to cash in through ransomware and compromise the integrity of IT systems. Recent examples where GlobalData has seen cyberattacks include i) Bruno University Hospital in Czech Republic, one of the country’s COVID-19 testing centers, was struck by ransomware resulting in the postponement of surgeries, ii) the U.S. Department of Health and Human Services suffered a distributed denial of service (DDoS) attack intended to disrupt the organization’s responses to the COVID-19 pandemic, and iii) increased phishing website hacking attempts on the World Health Organization (WHO) and its partners. Continue reading “COVID-19: Considerations for Cybersecurity in Healthcare”→
• Vendors are prioritizing portfolio and marketing effort on the most common types of COVID-19 related cyber events, covering phishing and identity attacks.
• Cybersecurity vendors are reconfiguring their service and support functions encompassing remote working. Vendors face internal operational challenges in scaling up quickly with the right level of security posture.
The COVID-19 pandemic is having a huge impact globally across families and communities. In turn, this is having a massive impact on businesses of all sizes, including global multinationals. Almost all Fortune 100 and 500 companies have experienced major disruptions to their operations and markets, resulting in some economists predicting losses of more than $1.1 trillion worldwide. COVID-19 has created shutdowns and major disruptions in employee working styles and supply chains in all sectors, and in particular across government, finance, manufacturing, IT, and media. As these sectors reconfigure their operations, one of the most critical issues arising are increased cyber-attack threats as organizations become more dependent on technology. Continue reading “COVID-19: Impact on Cybersecurity”→