Telenor creates new firm with deal with cybersecurity

Telenor Cyberdefense will provide companies a Safety Operations Centre (SOC) for twenty-four/7 monitoring, prevention, detection and response to all varieties of cyber threats

Nordic operator Telenor introduced the creation of a brand new agency dubbed Telenor Cyberdefense, with the purpose of serving to Norwegian companies to cope with growing cyberattacks.

Norwegian companies and public sector organizations are dealing with extra frequent and extreme cyberattacks, the telco mentioned in a launch. Telenor cited a survey performed by Norstat, which discovered that one in 5 enterprise leaders reported having skilled cyberattacks up to now yr.

“We’ve by no means skilled cyber threats as frequent and extreme as we do at this time. The enterprise digital panorama is underneath fixed assault, making strong cybersecurity extra crucial than ever. Telenor has determined to construct on its expertise and experience as one of many Norway’s strongest safety gamers and is establishing a brand new cybersecurity firm with Nordic ambitions,” mentioned Sigve Brekke, CEO and president of Telenor.

Telenor Cyberdefense will develop into a part of Telenor Amp, a portfolio which is comprised of 15 fully- or partially-owned corporations.

“The exponential development of knowledge and the growing digitalization of society are offering criminals with a bigger digital panorama to assault. It is a problem we’re taking critically by establishing Telenor Cyberdefence, and purposely specializing in digital safety. This can allow us to develop superior safety merchandise for the enterprise market extra quickly and extra successfully meet market wants,” mentioned Dan Ouchterlony, EVP and head of Telenor Amp.

The Norstat survey, performed on behalf of Telenor, additionally revealed that almost 9 out of 10 enterprise leaders are involved about their operations being crippled by a cyberattack.

“Companies throughout all sectors are more and more being focused by cybercriminals and there’s a vital unmet want out there. We wish to seize a share of this,” mentioned Thomas Kronen, CEO of Telenor Cyberdefense.

Telenor Cyberdefense will provide companies a Safety Operations Middle (SOC) for twenty-four/7 monitoring, prevention, detection and response to all varieties of cyber threats and incidents. Telenor highlighted that the brand new firm may even present consultancy companies and testing of IT programs and infrastructure.

Kronen added that Telenor Cyberdefense has ambitions to increase its operations throughout all Nordic markets.

The institution of Telenor Cyberdefense includes the switch of roughly 50 safety personnel from Telenor Norway to the brand new firm. The corporate may even assume accountability for Telenor Norway’s current SOC prospects, leading to Telenor Cyberdefense commencing operations with a buyer base of round 70 Norwegian companies.

Telenor Norway owns and operates crucial infrastructure, and consequently, the corporate notes that it has through the years established a “strong” safety atmosphere in Norway. Telenor mentioned it has additional strengthened this atmosphere by the institution of a brand new and devoted inside Cyber Safety Operation Middle (CSOC). This heart will deal with Telenor Norway’s IT and telecom infrastructure, additional enhancing safety for Telenor Norway and its prospects, the telco mentioned.

Telenor not too long ago opened a facility in Sweden to check the efficiency of IoT units towards a spread of community situations.

Telenor famous that the ability goals to assist prospects “perceive how their linked IoT merchandise behave earlier than deployment”. The positioning might be geared up with a Faraday cage tailor-made to check totally different networks, offering entry to connectivity throughout all of Telenor’s Nordic operations.