Telefonica has joined the newly-created European Cyber Security Organisation(ECSO), a joint initiative of the European Commission (EC) and companies in the cyber security sector which is expected to trigger investment totalling up to 1,800 million Euros until 2020.
Telefornica is the only telecommunications operator in this organisation, which has over 130 members, including large companies, research centres, business associations, public administrations and users of technology.
Pedro Pablo Pérez García, Telefónica’s Global Security Managing Director and CEO of ElevenPaths, the company’s division specializing in the development of cyber security solutions, and Cristina Vela, Senior Advisor at the Telefónica Office in Brussels, will represent the company. Telefornica works on the development of cyber security technologies, not only through ElevenPaths but also within Telefónica Open Future, with investment and the acceleration of numerous startups operating in this sector.
For a number of years Telefónica said that it has taken part in the development of technological specifications and standards in the area of cyber security, such as the SC37 biometric standard and several initiatives in the same field within the framework of the H2020(Horizon 2020) program of the EC. It is also involved in other cyber security projects within organisations such as the IETF (Internet Engineering Task Force), the ETSI (European Telecommunications Standards Institute), the ITU and the GSMA.
Pedro Pablo Perez, Teleonica Global Security Managing Director & CEO of ElevenPaths
We have to move on from isolated security solutions focused on asset protection to solutions capable of analysing the information of devices, networks, technological equipment and users, combining it with external intelligence on vulnerabilities, threats and other agents.
