Cybersecurity no longer top risk for telecom industry>
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This latest edition of the BDO 2018 Telecommunications Risk Factor Survey ranks the 5 most significant risks facing telecoms companies as follows: ⢠Exchange rate/foreign currency changes ⢠Increased competition ⢠The fast arrival of new technologies ⢠Access to finance ⢠Interest rate pressures. Perceived risk from cyber threats falls back to #7 in the risk top 10 after it had jumped up 23% last year, when 39% of executives were concerned after ransomware attacks. At the same time, perceived risk from regulation and litigation has dropped from the risk top 5, ranked now 6th by telco executives â except in the USA where it remains a top concern. … telecommunications executives rate profitability risks as being 3 times higher than in 2017. Risks associated with gaining market share are up by 100% in BDOâs risk survey, while risk from saturation/decline of the telecoms market is up by 80%. BDOâs survey found that the industry as a whole is taking an increasingly proactive approach to the risks they face and is busy diversifying their business portfolios.
Link: https://www.helpnetsecurity.com/2018/07/20/top-risks-telecom-industry/