SecurityBrief New Zealand logo
New Zealand's leading source of cybersecurity and cyber-attack news
Story image

Quantum computing in the telecom sector and more cybersecurity trends

By Ben Moore
Wed 26 Jun 2019
FYI, this story is more than a year old

Data security is one of the major challenges being faced by the telecom sector, and to overcome this, the sector is implementing various regulations to safeguard data breaches, according to a new report from market research company IndustryARC.

Additionally, the major players providing cybersecurity services are focusing on implementing advanced quantum computing solutions to escalate the level of security.

The cybersecurity market is set to exhibit robust growth with a broad range of applications in the aerospace, telecom, and healthcare sector. 

The telecom sector is estimated to grow at a CAGR of 10% during the forecast period 2019-2025. 

The GSM Association (GSMA) predicted that quantum computing will be a destabiliser for the telecom sector, making public key infrastructure (PKI) obsolete in the near future. 

Telecommunication companies have to implement quantum-safe cryptography algorithms to mitigate cyber attacks. 

In order to control cyber-attacks, the European Union (EU) has introduced many regulations such as the Network and Information Security Directive (NISD) and the General Data Protection Regulations (GDPR). 

NISD is yet to be implemented which require core digital infrastructure operators and certain digital service providers to ensure that their network and information systems meet minimum standards of cybersecurity. 

These regulations are implemented to achieve and maintain high-level network security, and ensure obligatory reporting during any incidents.

The aerospace industry is estimated to grow at a CAGR of 29% during 2019-2025. 

Aerospace industry usually observes cyber attacks in navigation and guidance systems with irrevocable effects. 

To overcome this, the industry is planning to invest more in infrastructure security, which includes cybersecurity. Increasing investments in infrastructure security will drive the market in the future.

North America witnessed major cybersecurity breaches due to the wide adoption of various technologies and high usage of data in the region. 

However, the financial stability of the region allows organisations to focus more on cybersecurity. 

Increasing investment in cybersecurity across various organisations are collectively responsible for driving the North America cyber security market growth, which held the major share of nearly 40% of the global market in 2018.

Cybersecurity market growth drivers Implementation of Zero Trust cloud security solutions

In 2019, the introduction of zero trust cloud security model is one of the most significant trends in the enterprise market – it facilitates cloud deployments and calculates the risk generated from different sources.

In case of risk detected, multi-authentication processes are required in a manner of answering a security question or receiving SMS code. 

Various vendors present in the market are offering zero trust cloud security solutions at high-scale.

Increasing use of cloud computing

According to World Bank perception towards cloud computing resonates with the findings by the information technology company Cisco concluded that by the end of 2019, 83% of all global data center traffic will come from cloud services. 

This is anticipated to bring a revolutionary change in the data sector with many organisations investing in cloud services. 

The increasing investment in Cybersecurity will be an integral part of all cloud services for data protection which will further flourish the cyber security market.

R&D investment and initiative, funding

In March 2019, CyberX, the IIoT and industrial control system (ICS) security company raised $18m in a strategic funding round led by Qualcomm Ventures and Inven Capital. 

The funding round attracted total funding of $48m, led by existing investors Norwest Venture Partners, Glilot Capital Partners, Flint Capital, and OurCrowd. The company will use these funds to expand its IIoT threat intelligence capabilities.

The major players in the market

The major players in the cybersecurity market are NTT Security, NGC Group, Secure Link, Cisco Systems, Symantec, Palo Alto Networks, Check Point Software Technologies, Microsoft and more.

Cybersecurity solution developers are majorly focusing on acquisition strategy to expand their cybersecurity portfolios. 

In October 2018, Bitdefender acquired behavioural and network security analytics organisation RedSocks for an undisclosed amount. The acquisition aligns with Bitdefender's goal to expand its cybersecurity portfolio.

The introduction of quantum computing in the telecom sector and changing the regulatory landscape in the telecom sector will drive the cybersecurity market. 

Increasing adoption of cybersecurity by various industries and increasing focus on R&D is boosting the investments to expand the IIoT threat intelligence capabilities. 

The key players operating in the market are actively participating in acquisitions to strengthen their portfolio and increase market penetration. 

Low market entry barriers result in a gradual increase in the number of startups with innovative solutions thereby shifting the market dynamics.

Related stories
Top stories
Story image
Cloud Security
Organisations struggling to secure new cloud environments
“In the wake of COVID-19, organisations substantially accelerated their digital transformation initiatives to accommodate a remote workforce."
Story image
Malicious app downloads
Bitdefender finds malicious campaign active on Google Play
Bitdefender has released research about a new Google Play campaign that bypasses the storefront's security checks to deliver potentially malicious content and advertisements.
Story image
Malware
Top security threats for July 2022 revealed in new report
Securonix Threat Labs has been keeping an eye on each and every threat impacting customers and is aware of widespread campaigns.
Story image
Cybersecurity
Verizon supports Fujifilm's cybersecurity advancements
Verizon Business is supporting Japan’s Fujifilm Holdings to strengthen its global cybersecurity monitoring and cyber intelligence capabilities.
Story image
Cyber resilience
NZ’s Cyber Resilience Framework to be evolving and potentially automated
The government's already putting $2.4 million into the Cyber Resilience Framework in its initial stages, what is it and why is it important?
Story image
Email scams
HelpSystems shines light on impact of response-based threats
Response-based attacks targeting corporate inboxes have climbed to their highest volume since 2020, representing 41% of all email-based scams.
Story image
Collaboration
Lacework launches new capabilities for better threat detection
Lacework has announced new capabilities that enable organisations to uncover more critical threats to their infrastructure and empower teams.
Story image
Microsoft
Avast reveals zero-day exploits targeting Chrome and Microsoft
Avast, released its Q2/2022 Threat Report today, revealing a significant increase in global ransomware attacks, up 24% from Q1/2022.
Story image
Cybersecurity
CISOs need to consider a risk-based cybersecurity strategy
Rather than talking in terms of attack vectors and vulnerabilities, CISOs and security decision-makers must look at actual business risk.
Story image
Ransomware
Sophos reveals latest ransomware trend impacting orgs
Sophos has announced in a new whitepaper that Hive, LockBit and BlackCat, three prominent ransomware gangs, consecutively attacked the same network.
Story image
ROI
How to increase the success rate of business data projects
Amid changing economic conditions and uncertainties about supply chains and staff availability, it's never been more important for New Zealand organisations to be innovative.
Story image
Collaboration
Schneider Electric launches Connected Services with Claroty
Schneider Electric is teaming up with Claroty to assist in maintaining cybersecurity for physical assets - a critical issue.
Story image
Cybersecurity
Claroty research unveils new attack that targets PLCs
Claroty has released research detailing a new type of cyber-attack, one that weaponises programmable logic controllers (PLCs).
Story image
Biometrics
Can biometrics help? 123% increase in Gen Zs scammed online
In the three years leading up to 2022, the number of Gen Zs who fell victim to online scams rose by 123%, according to Ping Identity.
Story image
ExtraHop
Organisations exposing highly sensitive protocols to public internet
More than 60% of organisations expose remote control protocol SSH to the public internet, while 36% of organisations expose the insecure FTP protocol.
Story image
Cloud Security
Lookout named Strong Performer in 2022 Gartner Peer Insights
Gartner has recognised Lookout as a Strong Performer in the 2022 Gartner Peer Insights Voice of the Customer for Security Service Edge (SSE).
Story image
Facial recognition
Benefits vs risks of facial recognition technology
Once a distant, futuristic concept, facial recognition technology is now found in many technological applications with a variety of different functions. 
Story image
Cybersecurity
Education sector seeing highest volumes of cyber attacks
When breaking down the numbers to education attacks by region in July 2022, A/NZ was the most heavily attacked.
Story image
Servers
New Zealand cloud provider challenges Google's claims on data control for region
A Wellington cloud services provider says Google's claim it will offer New Zealanders complete control over their own data is not true.
Story image
Malware
Kaspersky uncovers new attacks by advanced persistent threat group
The attacks involved modifications of the well-known malware, DTrack, as well as the use of a brand-new Maui ransomware.
Story image
DevOps
Dynatrace extends application security capabilities for runtime environments
Dynatrace has announced that it has extended its Application Security Module to detect and protect against vulnerabilities in runtime environments.
Story image
Surveillance
Ministry will no longer accept equipment from Chinese firm Hikvision
The Ministry of Business, Innovation and Employment (MBIE) says it will no longer accept equipment from a major Chinese surveillance camera maker.
Story image
Data Protection
Safeguarding your financial data
As the digital revolution marches on, managing data security has never been more important. Here are five important steps to take toward better financial data security.
Story image
Mobility
Cradlepoint launches architectural extension of NetCloud solution
With this latest release Cradlepoint is focused on helping lean IT organisations with advanced SD-WAN and zero trust capabilities.
Story image
Firewall
Why printing security plays a vital part in keeping Aotearoa safe
While internet printing, mobile printing and other similar technologies have no doubt made things easier to manage, it has also brought a whole new set of problems to the table.
Story image
Machine learning
Sysdig releases CDR offering to combat cryptojacking
Sysdig has unveiled a cloud detection and response (CDR) offering powered by machine learning to combat cryptojacking.
Story image
Cloud Security
Tenable makes additions to Cloud Security portfolio
Tenable has announced additions to Tenable Cloud Security that represent the next step in assessing threats related to cloud vulnerabilities.
Story image
Solutions
Ivanti reveals potential ROI of 261% for Endpoint Management Solution
Ivanti has announced the results of a commissioned Total Economic Impact (TEI) study conducted by Forrester Consulting.
AWS Marketplace
Learn how security orchestration, automation, and response (SOAR) enhances your security strategy.
Link image
Story image
Artificial Intelligence
Concentric AI protects sensitive data with new capabilities
The new capability reveals sensitive data shared across email and business messaging platforms and highlights who has inappropriate access to content.
Story image
Microsoft
8x more users attacked via old Microsoft Office vulnerability in Q2
"Criminals craft malicious documents and convince their victims to open them through social engineering techniques."
Story image
Gartner
Fortinet attributes Gartner-reported growth to ZTNA approach
Zero-trust is slowly becoming a dominant enterprise security strategy for businesses, and the Gartner report highlights that although prominent, it is often underutilised.
Story image
Cybersecurity
‘Windows shops’ target admin rights to de-risk their environments
New data shows up to 75% of critical vulnerabilities could be mitigated through a rights and privileges crackdown
Story image
IDC
High level of Customer Identity & Access Management adoption
The study from Okta revealed that the pandemic has either accelerated or highlighted the need for digital-first strategies.
Story image
Data Protection
Zero Trust, but verify - finding the OT in ZerO Trust
The move to remote and cloud-based technologies has shifted the goalposts for cybersecurity. It now needs to cover multiple people, devices, platforms, and networks.
Story image
Mobiles
Demand grows for future-proof mobile access solutions
HID Global, in partnership with IFSEC Global, recently released the 2022 State of Physical Access Control report for the fourth year running.
Story image
Gartner Magic Quadrant
Gartner names Lookout a Visionary in 2022 Magic Quadrant
Gartner has recognised Lookout as a Visionary in the 2022 Magic Quadrant for Security Service Edge (SSE) and one of the top three offerings in the 2022 Gartner Critical Capabilities for SSE report.
Story image
InternetNZ
How well do rangatahi understand cyber safety in Aotearoa?
Do rangatahi in Aotearoa understand the importance of being safe online, or has lifelong exposure to the internet resulted in widespread complacency?
Story image
Data analytics
Pressure on orgs to up their data analytics game - study
A recent report from Sisense highlights data transmission, analysis, and risk management remain top concerns for data professionals in APAC.
Story image
Cyber attacks
Dramatic uptick in threat activity with exploits growing nearly 150%
"While it’s not a surprise given increased attack opportunities like remote work, it’s still a worrying development and one we cannot ignore."