Telecom Analytics Solutions provider Subex Limited said that it has partnered Spanish multinational telecommunications company Telefonica on a new cybersecurity venture focussed on Internet of Things (IoT) security.
IoT security refers to safeguarding connected devices and networks in the Internet of Things (IoT). IoT involves adding internet connectivity to devices and machines and animals to make them smart.
Headquartered in Madrid, Telefonica is one of the largest telephone operators and mobile network providers in the world.
It provides fixed and mobile telephony, broadband and subscription television, operating in Europe and America.
The collaboration will be realised through the new IoT cybersecurity unit launched by Telefonica recently. The unit was launched recently to expand the operator’s existing IoT products and services and to develop new security solutions.
“The new IoT 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”, Subex said.
Telefonica already offers a Fraud Management as-a service solution (FMaaS), a platform used to address subscription fraud, internal fraud, premium rate service fraud and international revenue share fraud.
Subex offers billing and provisioning software that help telecommuncations companies manage their services and subscribers, and includes fraud detection algorithms in its billing software.
Internet of Things is supposed to be the next major opportunity for telecom players as most of the earth’s human beings have already been connected.
“The new partnership extends to analysis of the data traffic generated by IoT devices, and detection of specific threats in the cyber field”, Subex said.
Along with the detection of threats in IoT, the IoT cybersecurity unit will also offer management of secure credentials for devices and DNS security.
In addition, it has adapted part of its catalogue of generic cybersecurity solutions to IoT, such as SandaS, for the management of GRC (Governance, Risk, and Compliance) capacities, or cyber-threats for the early detection and identification of internet threats.
“Amidst all kinds of attacks by cybercriminals and other groups, we want to protect the ecosystem and ensure that IoT projects deliver value”, said Vinod Kumar, Managing Director and CEO, Subex.
Established in 1992, Subex is a leading software solutions provider, working towards enabling a secure digital future for businesses. SIT has more than 300 installations across over 90 countries.