"Mobile operators' core cybersecurity spending is projected to more than double by 2030 as threats evolve, while poorly designed and fragmented policy frameworks add extra compliance costs, according to industry group the GSMA. The lobbying organization has pushed out a report calling for national policymakers to simplify compliance and incident reporting to make the job of the network operators easier. It also wants to see greater international coordination between governments and regulators to build those frameworks around common standards."
"The 42-page report [PDF], The Impact of Cybersecurity Regulation on Mobile Operators, notes that security threats are rising rapidly worldwide, with the number of attacks increasing by about 75 percent over the past five years. It estimates that mobile operators globally spend between $15 billion and $19 billion annually on "core" cybersecurity activities, and this is projected to rise to between $40 billion and $42 billion by 2030 as threats evolve to become more sophisticated."
Cybersecurity threats targeting mobile networks have risen rapidly, with attacks increasing about 75 percent over the past five years. Mobile operators currently spend an estimated $15–19 billion annually on core cybersecurity activities, a figure projected to reach $40–42 billion by 2030 as threats grow more sophisticated. Poorly designed and fragmented policy frameworks impose extra compliance costs, produce duplicate reporting, and divert resources from effective risk mitigation. National compliance and incident-reporting requirements should be simplified, and international coordination increased to align frameworks around common standards. Regulatory costs fall into three categories: aligned obligations, requirements that change operations, and other burdensome obligations.
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