Telefonica Bolsters Cybersecurity for Miami Chamber of Commerce

Core Insights - Telefonica, S.A. (TEF) has partnered with the Greater Miami Chamber of Commerce to enhance its cybersecurity framework, allowing the Chamber to focus on business growth while benefiting from TEF's cybersecurity services [1] Cybersecurity Services Overview - The partnership emphasizes three key areas: Managed Detection and Response (MDR), Digital Forensics and Incident Response (DFIR), and Digital Risk Protection (DRP) [2] - TEF's MDR provides continuous monitoring and proactive threat detection through a global network of 11 Security Operations Centers, ensuring 24/7 protection [3] - DFIR focuses on detailed investigations of cyber incidents to develop strategies that minimize risks and strengthen defenses [4] - DRP monitors various web layers to protect the Chamber's reputation from threats like data breaches and online fraud, ensuring proactive risk management [5] Company Expertise and Performance - Telefonica is recognized as a global leader in cybersecurity, with over 6,800 professionals and more than 5,000 certifications in third-party technologies, including 1,500 in cybersecurity operations [6] - The company processes approximately 350,000 security event tickets and 500,000 alerts annually, showcasing its extensive experience in handling complex security challenges [6] - Telefonica has invested significantly in network transformation to enhance connectivity in Europe and Latin America [7] - In the last reported quarter, TEF's revenues decreased by 2.9% year-over-year to €10,023 million ($11,061 million) due to unfavorable currency fluctuations [8] - TEF currently holds a Zacks Rank 2 (Buy), with shares increasing by 6.1% over the past year, contrasting with a 7.8% decline in the industry [9]