Telenor Establishes New Cyber Security Company with Nordic Ambitions [Yahoo! Finance]
TELENOR ASA S/ADR (TELNY)
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Source: Yahoo! Finance
According to a survey conducted by Norstat, 1 in 5 business leaders reported having experienced cyberattacks in the past year – a staggering 130,000 Norwegian companies. In response to this growing threat, Telenor is establishing a new cyber security company to meet these increasing demands from businesses. “We have never experienced cyber threats as frequent and severe as we do today. The business digital landscape is under constant attack, making robust cybersecurity more critical than ever. Telenor has decided to build on its experience and expertise as one of the Norway's strongest security players and is establishing a new cybersecurity company with Nordic ambitions," says Sigve Brekke, CEO & President of Telenor.” The newly formed company, named Telenor Cyberdefence, will become part of Telenor Amp. Today, Telenor Amp's portfolio is comprised of 15 fully- or partially-owned companies with a combined value of NOK 10-12 billion. “The exponential growth of data and the increa
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