Allot report helps telecom service providers ramp up security, combat phishing attacks

Allot Ltd (NASDAQ:ALLT) (TASE:ALLT), the security and smart network intelligence solutions company, released a report Tuesday that provides communication service providers (CSPs) with a strategy to combat rising phishing attacks.

Allot’s new “Telco Security Trends” report uses proprietary and third-party industry research to explore the growing threat of phishing attacks and the financial implications. The report also drills deep into how service providers can meet the security challenge.   

Unfortunately, the report shows that there is a reason to be concerned as criminal innovation ramps up with phishing attacks in 2019.   

READ: Allot reports first-quarter earnings and revenue beats as growth jumps 17%

“Our data showed that during the first quarter of 2019, 7 million European mobile subscribers were protected, by their communications service providers, on average from 20 million phishing attacks a month,” said the company.

The company’s research revealed that over a three-month period, phishing represented 35% of activated protections among customers subscribed to a CSP-based security service.

Adware ran a close second with 34%. This was in addition to anti-malware, ransomware and crypto-jacking protections for customers subscribed to a CSP-based security service.

Highlights from the report

Key highlights from the report show communication service providers have an opportunity to mitigate phishing attempts:

• Even though phishing is technically dependent on what sources Internet users choose to trust, CSPs can proactively protect their subscribers from phishing

• CSPs can take an educate, warn and secure approach to protect their customers from online criminals

• Phishing protection presents an opportunity for CSPs to differentiate themselves and create unique revenue opportunities while protecting innocent Internet users

New breed of scammers 

“Over the years, CSP subscribers have been both direct and indirect victims of phishing, and it is now time to act,” said Hagay Katz, vice president of strategic accounts and cyber security at Allot. “Today, hackers are adept at scamming users into divulging their personal and confidential information by manipulating elements of human nature like greed, fear and hope.”

However, Katz said that with a “proactive approach” to educating customers, alerting them to local phishing campaigns, and using anti-phishing technology to protect them at the network level, service providers can “not only gain consumers’ trust” but also generate “new revenue opportunities” for themselves.

Allot is a provider of network intelligence and security solutions for service providers worldwide. Its solutions are deployed for network and application analytics, traffic control and shaping, and network-based security services. The company’s multi-service platforms is used by over 500 mobile, fixed and cloud service providers and more than 1000 enterprises.

Allot NetworkSecure is the world’s largest deployed network-based security service for the mass market with over 20 million paying security customers.

Contact Uttara Choudhury at [email protected]

Follow her on Twitter: @UttaraProactive 

Story by ProactiveInvestors