61% of Critical Communications Industry Suffers Malware Attacks

Daily News
| The European | 12 March 2020

One in every five of the critical communications industries had encountered a cybersecurity incident in the last 12 months according to information acquired by Finbold. Additionally, just 36% of them test their cybersecurity systems regularly, with 4.5% confirming that they have a full-time ethical hacker on staff. 

The International Wireless Communications Expo (IWCE) surveyed at least 597 professionals working within the critical communication industry to benchmark today’s technologies and reviewed the technological challenges within the industry. 

Interestingly, one in every five said that they do not have any form of cybersecurity systems set in place. 

Through this survey, it was discovered that 61% of the participants had encountered malware attacks, while 56% have been phishing victims. 27% have dealt with ransomware, 22% have had data breaches, while 16% have had distributed denial of service. 

10% reported that they have advanced threats. In such threats, unauthorized users’ access and spend a long time in their system or network without being detected. 


Cyber-attacks disrupt normal operations and services. They also have financial implications for repairing them. 38% cost less than $100K, 10% cost between $100K and $1,000,000 while 2% cost $1 million – $10 million.   

Numerous firms are putting data protection and cybersecurity agreements in place with third-party vendors. They do that since attacks and their implications can come through third parties. 

64% of the participants said that they have third party cybersecurity agreements with their vendors in place. On the other hand, 36% said that they do not have any cybersecurity in place for vendors. 

For more information visit: finbold.com

For Daily News follow The European Magazine. 

Sign Up

For the latest news

Download the App free today

your favourite
business magazine
while on the go.
Available on

Hard Copy and Digital


Get your
favourite magazine
delivered directly
to you

£49.95 4 issues



Information Security Forum’s
special report
exclusively here

Read report

Other Daily News Articles You May Like

Website Design Canterbury


Hard Copy and Digital Subscription

Please complete the payment process in order to receive all 4 issues of The European Magazine digital edition or receive the hard copy directly to your door
As soon as payment is processed, the current digital edition will be emailed to you or dispatch to your postal address.

Annual Quarterly Subscription (4 Issues) Shipping Options