COVID-19: Overview of Telecom Wholesale Service Provider Activities

R. Muru

Summary Bullets:

• 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.

GlobalData has analyzed recent quarterly results of service providers and this shows limited financial impact overall during Q1 2020. Some of the key observations we highlighted previously include: Continue reading “COVID-19: Overview of Telecom Wholesale Service Provider Activities”

COVID-19: Considerations for Cybersecurity in Healthcare

R. Muru

Summary Bullets:

• 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”

COVID-19: Impact on Cybersecurity

Summary Bullets:

R. Muru

• 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”

Security Providers Should Focus Less on Selling Security and More on Selling Trust by Becoming Service-Centric

Rajesh Muru

Summary Bullets:

  • Orange Cyberdefense has an aggressive strategy to drive its cybersecurity business by capitalizing on its strengths in its home market and expanding its security portfolio.
  • Acquisition is part of its expansion strategy, with the purchase of SecureLink and SecureData. The seamless integration of these businesses will be important to its success.

The strategic growth plans laid out by Orange Cyberdefense at its recent Analyst Day in Paris were impressive and tactical. The cybersecurity business has grown since its inception, mainly because it has been able to capitalize on its strengths in the home market with a strong security offering addressing global multinationals with multi-country locations, as well as serving the midmarket. Continue reading “Security Providers Should Focus Less on Selling Security and More on Selling Trust by Becoming Service-Centric”