COVID-19: Phase3 invests on enterprise cybersecurity solutions to curb risk to businesses

Phase3 Telecom says it is investing more in research and innovation, expanding the scope of its partnerships as well as advancing on a major Security Operation Centre (SOC) network capability upgrade.

The investments are are part of the company’s strategies to curb rising advanced cyberattacks at enormous cost to public health and the economy.

Phase3 leading independent fiber optic network infrastructure and telecommunications services provider.

This is to uniquely position the company for tackling such alarming disruptions to the growth and successes of businesses as well as public institutions. In view of the spike in brands impersonation to mislead workforce and customers by cyber attackers through Malspams, phishing and ransomware according to global cybercrime indices.

Considering that more small, medium and big businesses are restructuring their teams for remote work to minimize the risk of infections and crippling of company operations as well as profitability amid Covid-19. A situation which necessitates proactive cyber due diligence to help these businesses scale efficiently; stay attractive to investors; ensure steady growth across market demographics and to curtail their cyber crime vulnerability including the eradication of sensitive data exposure that can erode customer trust and brand reputation.

According to Phase3 chief executive officer – Mr Stanley Jegede, “the threats that cyber attacks pose to any organization or company is an existential one that cannot and should not be downplayed. As the disturbingly dark web of cybercrime is becoming ultra sophisticated, in a world where business networks are now even more interconnected. Thus, the critical need for SMEs, corporate entities, organizations and institutions to prioritize cyber risk management and investment in multiple protections of their customers, clients, partners and stakeholders’ information and networks”.

He says, the adverse impact of cyber attack which is not limited to sharp drop in prices and value, contracted growth pipeline as well as rapid customer churn, is too great a price for any enterprise to pay amidst a global pandemic. Hence, Phase3 unflinching commitment to proffering expert client-oriented cyber security solutions across automated systems and network layouts that truly help businesses and organizations thrive in an era of digital transformation.

That it is in the company’s DNA and of top priority to always create viable ways to ensure clients’ network protection is consistent. Hence, its  SOC service which is designed to provide specialized security solutions focused on “people”, “processes” and “technologies” with effective monitoring and protection of an organization’s IT assets. With a 360 focus on detecting, containing, eradicating and assisting in quick recovery from all security threats and associated incidents in real time.

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