Quick View: STC-Telefonica Partnership Highlights Telcos' Growing Interest In Cybersecurity

摘要

The Latest: The digital enterprise arms of Saudi Telecommunications Company (STC) and Telefonica have signed a strategicagreement to reinforce their cybersecurity capabilities. The deal encompasses an array of services and includes sharingintelligence on threats identified in the markets in which they operate.Implications: Earlier in 2021, STC launched a cybersecurity-focused unit, Advanced Technology and Cybersecurity Company(ATCSC), demonstrating its commitment to supporting enterprises in their Industry 4.0 journey. Telefonica created its digitalenterprise unit in 2019 to concentrate on the development of many Industry 4.0 technologies; in March 2021, it launched itsenterprise cybersecurity offering, NextDefense. The partnership between the two will involve close collaboration between the twospecialised arms.