What are the Business Implications with Cyber Risks?
To put it simply; your business will suffer. If someone hacks into your network, they can steal so much precious data. Then, they can use this to steal money, sell on the black market, etc.
What’s more, things like ransomware can cost you lots of money as well. You’re held at ransom until you pay to remove the virus.
Lastly, it impacts your reputation as a business when your cyber security gets breached. You don’t seem very professional, and it can hurt you as you try and maintain your customer base.
How are Telecom Organizations Responding to Rising Cyber Risks?
For one, they’re educating employees. When employees know the risks, they act smarter. This helps limit instances where malware is unwittingly downloaded - or passwords are shared around.
Secondly, they’re upping their security measures. Most telecom organizations have teams of network security engineers working all the time. They monitor the system and keep threats at bay.
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