BlackDice, an AI cybersecurity company based in the United Kingdom, has announced a new strategic partnership with LITEON Technology, headquartered in Taiwan, a world-leading provider of key electronic modules and solutions with global manufacturing footprints.
This partnership will result in telcos not only being able to benefit from LITEON’s best in class hardware solutions, but also from BlackDice’s market leading enterprise-grade AI Security Solutions, helping to deliver a superior customer experience to consumer & SME subscribers, while also helping the telcos to generate new revenue streams ($50-250m) and reducing the cost to serve & churn ($20-50m) – source BlackDice Telco Business Impact Calculator.
The cyber-attack threat profile for telcos is immense with 1.3bn routers in the market and a forecasted 30.9 bn IOT devices by 2025. With 3 trillion intrusion attacks in 2022 alone and an estimated cost of cybercrime of $10.5 trillion in 2025, the telcos now need to take action. We are excited by our new partnership with LITEON. With their leading hardware combined with our cyber defense solution, we are arming telcos with a differentiated secure solution that will not only deliver a better experience for their customers but will bring substantial economic benefits.Paul Hague, CEO, BlackDice
Our specialization in networking solutions along with BlackDice’s expertise in cyber security is going to allow telcos and internet service providers to offer reliable, cost efficient, and secured services. More importantly, it allows brands to build peace of mind and trust amongst their consumers.Sander Su, General Manager, LITEON’s Network Communications Business Division
The new partnership between LITEON and BlackDice will bring the following other benefits:
• Access to the BlackDice’s comprehensive threat platform that covers hundreds of threat feeds, 750m URLs, millions of IP records & machine learning analytics to help predict attacks before they happen
• Cyber protection in the home, office and on the mobile • Access to Retina world leading network and device insight platform