Telco giants form world’s first Global Telco Security Alliance to secure billions worldwide
On 12 April, it was announced that four telco companies have signed an agreement to create the world’s first Global Telco Security Alliance offering enterprises access to a comprehensive portfolio of cyber security services.
The objective of the Alliance is to provide a robust cyber security platform to protect customers around the globe and allow them to thrive in the digital economy.
The four telco companies that joined hands to deliver security services for digital risk management are Etisalat, Singtel, Softbank and Telefónica. Combined capabilities within Alliance will create one of the world’s leading managed security services platforms, serving a combined customer base of more than 1.2 billion customers in over 60 countries across Asia Pacific, Europe, the Middle East and the Americas.
With the emergence of digital technologies and their widespread adoption, the security landscape is seeing new threats as well as the importance of digital risk management.
Mr Arthur Wong, Chief Executive Officer of Global Cyber Security at Singtel, said that there is increasing need for “swift and coordinated global responses to defend enterprises that operate across transnational borders as cyber threats are increasing in frequency, scale and sophistication”. As such, the establishment of the Alliance is a timely response from some of the world's largest network of operators to strengthen defence against these attacks.
Between the four founding members of the Alliance, they operate 22 world-class Security Operation Centres (SOCs) and employ more than 6,000 cyber security experts. Through their extensive resources and capabilities, which will expand as the alliance brings in more members, the group can better protect enterprises against rising cyber security risks as the information security environment becomes increasingly complex.
Under the agreement, the group will share network intelligence on cyber threats and leverage their joint global reach, assets and cyber security capabilities to serve customers worldwide.
Leveraging each member’s respective geographic footprint and expertise, the alliance is able to support each other’s customers anywhere and anytime, allowing them to respond rapidly to any cyber security threats.
Alliance members will also be able to pass the benefits of operational synergies and economies of scale to their customers in terms of lower costs.
To enhance their cyber security portfolio, the members will also be developing a joint technology roadmap to create advanced cyber security applications for the Internet of Things (IoT) as well as solutions that use predictive analytics and machine learning. The alliance will also consider joint investments in SOCs, cyber security platforms and innovative start-ups.