Bottom line: The telecom sector's cyber risk is significantly elevated, driven by persistent and targeted attacks.
What's happening: CYFIRMA's analysis found sustained activity from APT groups linked to China's People's Liberation Army (PLA) and Russia's Federal Security Service (FSB) in the telecom sector. This includes attacks on major carriers such as Telecom Italia and Vodafone, with 27% of attacks in 2022 originating from the Internet of Things (IoT) domain.
What to do: Security leaders should prioritize the implementation of robust IoT security measures to prevent these types of attacks, and consider conducting regular threat assessments to identify potential vulnerabilities. [TO ACTION: Conduct a thorough IoT security assessment to prevent similar attacks.]