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Telefonica And BOTECH FPI Combine Their Cybersecurity Capabilities

Infrastructure News - Published on Mon, 03 Jun 2019

Image Source: BOTECH FPI
ElevenPaths Telefónica's Cybersecurity Unit, and BOTECH FPI, a pioneer in cybersecurity and fraud detection technology, have signed an agreement to offer fraud protection services especially aimed at the banking sector. The scope of the agreement combines Telefónica's cybersecurity expertise, the operational capability of its Security Operations Centres, as well as its worldwide commercial network, with BOTECH FPI's expertise in offering cybersecurity fraud prevention, detection, and management services.
 
Online fraud is a growing and constantly changing phenomenon with increasingly sophisticated attacks. In the last four months alone, BOTECH FPI has detected 1,200 malicious apps in approximately 200 unofficial application markets for the Android Google Play and iOS App Store operating systems. In addition, there was a 13.2% increase in banking malware in the last year, and a 200% increase in phishing in the same period.
 
The collaboration is part of Telefónica's alliances strategy to expand its catalogue of security services and reinforce its anti-fraud solutions proposal. BOTECH FPI has extensive experience in the analysis and management of fraud, and offers prevention services to minimise risks to clients.
 
Through this agreement, Telefónica incorporates BOTECH FPI solutions into its managed security catalogue, and reinforces its range of services focused on fraud prevention, adding to the rest of the commercial offer offered from its SOCs. The agreement will initially be deployed in Spain to be then expanded to other markets where Telefónica operates in Latin America and Europe.

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Posted By : TelecomGuru on Mon, 03 Jun 2019
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