“5G’s importance has grown since the onset of the pandemic, with much of the world switching to remote working and requiring faster, more reliable data speeds and network management in order to continue operating efficiently,” Jonathan Franke, tech, media and cyber broker for New Dawn Risk, wrote in a release. “As we continue to transition to a progressively cloud-based society, when it comes to data transmission and storage, the majority of the developed world will swing towards 5G, which brings with it a brand new cyber threat landscape which is yet to be understood.”
Franke said that the rollout of 5G will speed the expansion of the Internet of Things in almost all industry sectors and many private homes, with more and more smart devices becoming essential everyday equipment.
“This poses an explosion of vulnerability avenues for criminals to exploit seemingly secure networks almost undetected,” he said.
Read more: Cyber wave sweeping personal lines
Companies will need to invest in greater and more sophisticated levels of monitoring for their networks, controls and technology, Franke said. They will need…