Telefonica commitment cybersecurity purchase iHackLabs, the startup that simulates hacker attacks - Telefónica Tech, the unit of the Spanish multinational that groups the digital business of security, cloud services and Big Data, announced Monday the purchase of the startup of cybersecurity iHackLabs, a company specialized in training professionals and simulation of computer attacks on companies, which becomes part of ElevenPaths, the area of computer security of the company.
iHackLabs specializes in training cybersecurity professionals, creating training camps in which you can simulate computer attacks on a company, using technologies such as virtualization or cloud computing to emulate what happens in the event of a real threat to a company's computer systems, with those known as 'Red/Blue Teams', teams that simulate the attack and those that deal with the company's computer defense, or platforms that recreate ransomware attacks or computer attacks.denial of services.
This startup, based in London and Madrid, has had an important growth in recent years due to the growing demand for this type of services by large companies such as consultants PwC, Deloitte and Kearney, the public engineering company linked to Defensa Isdefe, the engineering company TSK, the telecommunications infrastructure company Comfica, the European University of Madrid or Telefónica itself.
The purchase, the amount of which has not been disclosed, is 100% of the company, which will be fully integrated into ElevenPaths according to Telefónica Tech sources explained to Business Insider Spain. The area of investment in startups of Telefónica, Wayra already had a 5% stake in iHackLabs, after investing in it in 2018.
"The iHackLabs technical team, highly specialized and qualified, will continue to design and build new scenarios and training environments, and will be reinforced with the capabilities of the Telefónica Tech technical team in services such as attack simulation teams (blue team / red team) or digital forensics," Business Insider Spain told Telefónica Tech.
From the multinational stand that the services of this startup are "highly demanded" by sectors related to Defense and National Security, and also by private companies, since companies that operate critical infrastructure like energy providers to telecoms operators or banks. "These are companies that receive and have to manage very frequent and increasingly complex attacks," these same sources added.
This is the second purchase in less than a month of a company in the cybersecurity sector by the company led by José María Álvarez-Pallete, which at the end of August acquired the Valencian startup Govertis, specialized in consulting on cybersecurity and regulatory compliance.
Telefonica commitment cybersecurity purchase iHackLabs
An acquisition that was " a matter of time"
iHackLabs was part of Telefónica's environment since 2018, when it received investment from Wayra-it was one of thirteen companies in which the Investor arm in Telefónica's emerging companies invested 1.3 million euros during that year— and from the point of view of Pedro Pablo Perez, CEO of ElevenPaths, the cybersecurity area of the multinational, it was "a matter of time" that they ended up buying the company.
"We have been looking for collaboration and investment opportunities for years, and the capabilities of the platforms and solutions developed by his team are at the forefront of cybersecurity training," Perez said in a statement.
The CEO of the startup bought by Telefónica is Miguel Rego, who was director of the National Institute of cybersecurity (Incibe), executive at Deloitte, Ernst&Young and Ono, as well as a specialist in cybersecurity linked to the military.
“The virtual and reality-adaptive environments we recreate offer the perfect solution for the integral development of cybersecurity talent and we are particularly excited to be able to also transfer to Telefónica's wide customer base the possibility to continue boosting that talent in their own organizations, " explained the CEO of iHackLabs, who will become vice president for Defense and national security at ElevenPaths, a newly created position.
This acquisition is part of the growth of Telefónica's security business, which received 497 million euros for this type of services in 2019, 26.5% more than the previous year. The company aims to "strengthen the company's position as a leader in the security sector in the countries where it operates", for which it does not rule out further increasing its services in this area "both organic and inorganic", said sources of the multinational to Business Insider Spain.
Cybersecurity is one of the growing areas in the technology sector, driven by the digital transformation that most companies are driving and the need to protect data, processes and services that are increasingly dependent on the network, being exposed to more and more threats. An estimated 350,000 experts in this area will be needed in the European Union alone by 2022, according to a survey by the Centre for cybersecurity and education.
End of Telefonica commitment cybersecurity purchase iHackLabs
Orange launches its 5G network in five Spanish cities and transforms all its tariffs
Orange has just started the deployment of its new 5G mobile network in five Spanish cities: Madrid, Barcelona, Valencia, Seville and Malaga.
From now on, customers in these coverage areas that have a smartphone that supports this technology can already enjoy 5G without that impact on the cost of their tariff, as announced the company itself.
In fact, from today all the tariffs of the French operator have become 5G and the company recalls that it already has 12 terminals that support the technology.
“The current pandemic has not only caused a health emergency, but also an exceptional socio-economic situation. In this scenario, the evolution towards a digital economy and society becomes more urgent than ever. In line with our commitment to society, in Orange we have taken a step forward to support this digital revolution with the launch of the new 5G technology, with which we hope to boost the development of the country”, says Monica Sala, Director general of red and it of Orange in Spain.
The operator has invested 152 million euros so far in the development of 5G and is the Spanish company with the most spectrum in the 3.6-3.8 GHz band.
The company says that thanks to the higher speed and lower latency offered by the technology, customers will be able to take advantage of other services, such as Orange TV and gaming platforms.
Orange also recalled that the company will play a key role in some of the 8 5G pilot projects that the government has launched throughout Spain to boost the development of technology.
The operator's announcement comes just a week after Telefónica launched the deployment of its 5G networks with the aim of being present in the main cities of Spain before the end of the year. They join Vodafone, the first operator to deploy a commercial 5G network in Spain and is now present in 21 cities.
In any case, the new technology will not reach its real potential in Spain until the launch of affordable terminals that support 5G is consolidated and until the auction with the 700 Mhz spectrum that the government has planned for next year.