Telefónica recognized as an Innovator in Avasant’s Cybersecurity Services RadarView™ Report
Among endless service provider options, novel and disruptive mechanics in innovation brings recognition as an Innovator for Cybersecurity Services 2019.Read the Avasant report
AVASANT ANALYST INSIGHTS
- Telefónica adopted an inorganic expansion route, acquiring an established cybersecurity firm in 2013 and then re-branded it as an independent entity called ElevenPaths under the Telefónica banner. This entity has adopted a start-up culture, experimenting with multiple technologies and learning from their failures. It also used this entity to expand its portfolio by acquiring solution and niche-solution providers.
- Its portfolio of security services includes Managed Security Services and IoT Security Solutions, which are supported by its tools and proprietary platforms. In 2018, it developed Conexion Segura, a joint cybersecurity solution that provides protection across fixed and mobile networks from malware.
- It has 11 Security Operations Centers (SOCs) and a new Advanced Global Center (Telefónica Advanced Global SOC-TAGS) with trained and certified resources.
- To promote new ideas and experiences in the field of cyberspace, it has created a Security and Cybersecurity Advisory Council, which enables international experts to collaborate and support the company’s digital and comprehensive security strategy.
- Telefónica has entered a strategic alliance with Microsoft to transform networks using disruptive technologies, while curtailing costs and driving greater industry adoption.
- In 2018, it joined over 30 other telecom and service providers in setting up the Cybersecurity Tech Accord in which members collaborate to improve technical capabilities and create a stronger defense to protect enterprises against malicious attacks. It also created the first Global Telco Security Alliance with Etisalat, Singtel and SoftBank to offer enterprises a comprehensive portfolio of cybersecurity services.
Investments and Innovation
- To continually evolve its security services with the latest technologies and strengthen its portfolio, Telefonica has made investments in niche cybersecurity start-ups such as CounterCraft, 4iQ, BlueLive, LogTrust, IMBox, and Alise Devices.
- ElevenPaths, its cybersecurity entity, has a proactive calendar of start-up-related events, discussions, roundtables and hackathons to complement its cybersecurity initiatives.
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