As the number of devices connected to the internet grows exponentially, the risks associated with them also grows in parallel. To address these threats and to promote IoT implementation, Telefónica has launched this initiative with a twofold objective.
On the one hand, this unit will strive to expand the existing catalog of IoT products and services offered to customers and, on the other hand, to develop new IoT security solutions to cater to the existing and emerging threats faced by businesses deploying IoT. This unit will leverage Telefónica’s existing network infrastructure and the Kite Platform, an IoT connectivity management platform that allows businesses to improve efficiencies while reducing costs.
As part of the new solutions developed by this new initiative, Telefónica, via its ElevenPaths cybersecurity unit, has expanded its collaboration with Subex, with whom it already offers a Fraud Management as-a-service solution (FMaaS). The new scope of collaboration extends to analysis of the data traffic generated by IoT devices, and detection of specific threats in this field.
Considering many IoT devices have limited capabilities in terms of having in-built software to protect them, the offer of cybersecurity solutions embedded within the network and traffic is a differential factor. Subex says its IoT-specific platform is capable of analyzing traffic by applying machine-learning algorithms, generating an alert every time it detects a threat that jeopardizes cybersecurity of the IoT device.
“Cybersecurity has become one of the companies’ priorities. We are seeing the emergence of a culture around security that is sensitive to processes, strategies and methods designed to minimize risks while increasing value. This collaboration with Subex represents a step forward in our strategy of helping companies protect their investments, assets, and credibility”, said Pedro Pablo Pérez, CEO of ElevenPaths and VP of Global Security at Telefónica.
“This agreement will add a new dimension to our existing relationship by enabling us to work together towards securing the IoT ecosystem”, indicated Vinod Kumar, Managing Director and CEO, Subex. “Amidst all kinds of attacks by cybercriminals and other groups, we want to protect the ecosystem and ensure that IoT projects deliver value. I am confident that IoT businesses will derive significant benefits from our joint efforts”.