61% of Critical Communications Industry Suffers Malware Attacks

John E. Kaye
- Published
- News, Technology

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 to The European Newsletter
RECENT ARTICLES
-
Matching words and images helps charities raise more money, study finds
-
UK to host African Development Fund summit as Africa pushes for food self-sufficiency
-
Off the blocks: LEGO and Formula 1 reunite for documentary on viral Miami Grand Prix stunt
-
Mergers and partnerships drive Africa’s mining boom – but experts warn on long-term resilience
-
New AI breakthrough promises to end ‘drift’ that costs the world trillions
-
Europe tightens grip on strategic space data as dependence on U.S tech comes under scrutiny
-
Trinity Business School study warns conspiracy theories are fueling real-world protest and sabotage
-
GITEX GLOBAL 2025 to spotlight AI’s expanding role in future-critical sectors
-
UK organisations show rising net zero ambition despite financial pressures, new survey finds
-
HumanX to establish permanent European base with 2026 Amsterdam AI summit
-
Gulf ESG efforts fail to link profit with sustainability, study shows
-
Glastonbury and Coachella set the stage for $400bn music tourism growth
-
Geopolitical volatility enters global top ten business risks for first time, new survey finds
-
Redress and UN network call for fashion industry to meet sustainability goals
-
Dar Global unveils $1bn Trump Plaza Jeddah in second Saudi venture with Trump Organization
-
Investors eye UAE as Belt and Road real estate gateway for Asia
-
Mitsubishi Estate’s £800m South Bank scheme to deliver 4,000 jobs
-
Watch: driverless electric lorry makes history with world’s first border crossing
-
Bologna sets pace in Europe’s tech race with record investor–founder meetings
-
Family-owned firms resist board diversity gains despite gender quotas, study finds
-
UK start-up founders defy stereotypes with corporate roots and regional spread
-
London Law Expo 2025 to tackle leadership, AI and integrity in the legal sector
-
Sustainability skills surge in European boardrooms, EY finds
-
UK and U.S unveil landmark tech pact with £250bn investment surge
-
International Cyber Expo to return to London with global focus on digital security