Threats to cyber security are bigger than ever, and telecommunications companies are one of the most at risk from cyber attack due to their capacity for collecting and storing large quantities of sensitive data. Successfully obtaining access to a telecoms network could potentially mean banking and personal information of a large number of people could be obtained, or – if intent of sabotage – could lead to the loss of sensitive information from records. Depending on the nature of the telecommunication company, cyber threats such as these could have massive consequences.
To counteract these cyber threats, telecoms companies invest heavily in security systems to identify, isolate and prevent threats from establishing with their systems. However, as this is becoming more of a necessary part of telecommunications companies – cyber threats can no longer rely on a single flaw in the system code, or a single method to gain access. Cyber attacks have become increasingly sophisticated, more often targeting more than one part of a system with a variety of methods at once. Big targets for attack, such as telecoms companies, are thus faced with the task of continually defending against threats and monitoring potential new methods of attacks. In order to prevent cyber attack, they must stay one step ahead of the attackers.
One way that cyber security of the telecoms industry is maintained is by information sharing. Over the part few years several communities of cyber security experts have been established with the sole purpose of sharing their experience and practices at managing attacks on the telecoms industry. Sharing of cyber security information in this way, even among rival telecoms companies, is one of the most efficient ways of prevent cyber attack as it means that awareness of new methods of attack is spread fast and telecoms companies are able to mount defenses sometimes before an attack is even presented.