Sony Pixel Power calrec Sony

Telenor Establishes New Cyber Security Company with Nordic Ambitions

14/06/2024

6 minute read

Share

alt=Alternative descriptive text class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb10>

Norwegian businesses and public sector organisations are facing more frequent and severe cyberattacks. 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 increasing digitalisation of society are providing criminals with a larger digital landscape to attack. This is a challenge we are taking seriously by establishing Telenor Cyberdefence, and purposely focusing on digital security. This will enable us to develop advanced security products for the business market more rapidly and more effectively meet market needs, says Dan Ouchterlony, EVP & Head of Telenor Amp.

Thomas Kronen has been appointed CEO of the new company.

alt=Thomas Kronen class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb10>

"With the establishment of Telenor Cyberdefence, we will bring together security expertise from across our Nordic region to create a powerful entity with comprehensive capabilities dedicated to safeguarding our customers digital security," says Thomas Kronen, CEO of Telenor Cyberdefence

Addressing a Significant Market NeedThe Norstat survey, conducted on behalf of Telenor, also revealed that nearly 9 out of 10 business leaders are concerned about their operations being crippled by a cyberattack.

Businesses across all sectors are increasingly being targeted by cybercriminals and there is a significant unmet need in the market. We want to capture a share of this, says Thomas Kronen, CEO of Telenor Cyberdefence. He points out that the new company has ambitions to build a position across the Nordic region.

Telenor Cyberdefence will offer businesses a Security Operations Centre (SOC) for 24/7 monitoring, prevention, detection, and response to all types of cyber threats and incidents. The company will also provide specialist expertise through consultancy services and testing of IT systems and infrastructure.

The Norwegian SOC market is worth around NOK 3 billion annually, according to our own analysis. Telenor Cyberdefence has ambitions to expand its operations across all Nordic markets, presenting a significant opportunity for rapid growth and establishing a strong market position, says Kronen.

Leveraging Strong Security ExpertiseTelenor Cyberdefence builds upon Telenors established position as a leading provider of digital security solutions for businesses in Norway. As part of Norways Total Defence and as a custodian and protector of critical national infrastructure, Telenor possesses unique insights into the evolving threat landscape.

With the establishment of Telenor Cyberdefence, we will bring together security expertise from across our Nordic region to create a powerful entity with comprehensive capabilities dedicated to safeguarding our customers digital security. We will now accelerate this focus, refine our expertise, and develop more and better services that contribute to securing Norwegian and Nordic businesses, says Kronen.

The establishment of Telenor Cyberdefence involves the transfer of approximately 50 security personnel from Telenor Norway to the new company. The company will also assume responsibility for Telenor Norways existing SOC customers, resulting in Telenor Cyberdefence commencing operations with a customer base of around 70 Norwegian businesses.

This Nordic expansion follows a recent strengthening of the internal security environment within Telenor Norway. Telenor Norway owns and operates critical infrastructure, and as a result, the company has over the years established a robust and highly competent security environment to fulfil its vital societal responsibilities. Considering the evolving security landscape and the increasing prevalence of cyber-attacks, Telenor has further strengthened this environment through the establishment of a new and dedicated internal Cyber Security Operation Centre (CSOC). This center will focus on Telenor Norways extensive and intricate IT and telecom infrastructure, further enhancing security for Telenor Norway, its customers, and Norwegian society.

Media contact

David Fidjeland Director, Media Relations

Telenor Group
LINK: https://www.telenor.com/media/newsroom/press-releases/telenor-establis...
See more stories from telenor

More from Telenor Digital Services and Broadcast

05/07/2024

Combitech AS Becomes Part of Telenor Cyberdefence

4 minute read Share alt=Alternative descriptive text class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb10> In June, Telenor established...

24/06/2024

Change in Telenor Group management

1 minute read Share alt=Bl tt logo p m rkebl bakgrunn class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb10> It is with great sadness ...

18/06/2024

Telenor Group strengthens and expands its strategic collaboration with AWS to support its sovereign cloud posture

2 minute read Share alt=Alternative descriptive text class=lazyload main ...

14/06/2024

Telenor Establishes New Cyber Security Company with Nordic Ambitions

6 minute read Share alt=Alternative descriptive text class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb10> Norwegian businesses and pub...

23/05/2024

Benedicte Schilbred Fasmer is appointed new President & CEO in Telenor Group

7 minute read Share alt=Telenor Group's Board of Directors has appointed Benedicte Schilbred Fasmer as new President & CEO class=lazyload main main-l...

30/04/2024

Solid momentum into the year for Telenor

6 minute read Share alt=Alternative descriptive text class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb10> Telenor showed good momentum...

15/04/2024

Change of CFO in Telenor Group

1 minute read Share alt=Alternative descriptive text class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb10> Tone Hegland Bachke, Executi...

22/03/2024

Telenor releases its Annual report for 2023

1 minute read Share alt=Alternative descriptive text class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb10> Our digital lives are becomi...

19/03/2024

Telenor, Hafslund and HitecVision announces 2.4 billion NOK investment in Oslo data center

5 minute read Share alt=Telenor, Hafslund and HitecVision announces 2.4 b...

14/03/2024

Breaking Boundaries: Cisco and Telenor Elevate Collaboration to Champion Inclusivity and Sustainability

8 minute read Share alt=Alternative descriptive text class=lazyload main ...

26/02/2024

Telenor Group Announces Collaboration with NVIDIA to Support its AI-First Ambition

6 minute read Share alt=Alternative descriptive text class=lazyload main ...

26/02/2024

Telenor R&I successfully conducts its first multi-vendor 5G SA deployment in a hybrid cloud environment

4 minute read Share alt=Alternative descriptive text class=lazyload main ...

07/02/2024

Solid year and fourth quarter for Telenor

8 minute read Share Presentation & report Webcast alt=Alternative descriptive text class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb...

06/02/2024

Telenor Breaks New Ground: Worlds Southernmost Base Station Established in Antarctica

5 minute read Share alt=Alternative descriptive text class=lazyload main ...

06/02/2024

Telenor bygger mobildekning i Antarktis

5 minute read Share alt=Alternative descriptive text class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb10> (Antarktis, 6. februar 2024)...

14/12/2023

Telenor concludes strategic review in Pakistan with sale of Telenor Pakistan to PTCL

3 minute read Share alt=Alternative descriptive text class=lazyload main ...

11/12/2023

Green digital transformation: Four takeaways for success

7 minute read Share Safeguard Safeguard Safeguarding planet, people and data in the digital world and beyond Safeguard means that Telenor constantly ...

30/11/2023

Telenor and Ericsson join forces to pioneer the usage of AI and Machine Learning Research for a Sustainable and Smarter Future

7 minute read Share In a step towards advancing the realm of artificial in...

20/11/2023

Telenor establishes new IoT company

5 minute read Share alt=Alternative descriptive text class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb10> In 2020, Telenor launched Mi...

16/11/2023

Telenor Group sells Telenor Satellite to Space Norway

4 minute read Share alt=Dag St lan (CEO Space Norway), Jan Christian Vestre (Norwegian Minister of Trade and Industry) and Dan Ouchterlony (EVP and Head ...

25/10/2023

Strong third quarter for Telenor

4 minute read Share Presentation & report Webcast alt=Alternative descriptive text class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb...

22/09/2023

Elle Sofe Sara awarded the Telenor Culture Prize 2023

7 minute read Share alt=Foto: TSFotoDesign/Tanja Skoglund class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb10> Foto: TSFotoDesign/Tanj...

22/08/2023

Changes in Telenor Groups Leadership Team

6 minute read Share Telenor is implementing changes to the Group Leadership Team, as the company continues to execute on the strategic ambitions towards 2...

10/08/2023

Working Group Two to be acquired by Cisco

2 minute read Share -- Fornebu, 10 August 2023 - Telenor announces that all shares in software company Working Group Two will be acquired by the global...

20/07/2023

Operational execution in line with plan

3 minute read Share Presentation & report Webcast In the second quarter we continue to execute on the strategy we laid out last year, seeing firm ope...

10/07/2023

Telenor Amp Partners with Shapemaker to Enhance Industry Innovation, Efficiency, and Sustainability

5 minute read Share alt=Photo people class=lazyload main main-lazyloaded ...

03/07/2023

Telenor and Statkraft sign agreement for the supply of renewable energy for Telenor's Finnish subsidiary DNA

4 minute read Share alt=Alternative descriptive text class=lazyload main ...

26/06/2023

Cutting emissions - and inviting our suppliers to join us

15 minute read Share As part of our commitment to reduce our carbon emissions, we have a responsibility to also examine our value chains. At Telenor, we a...

19/06/2023

Telenor and Hafslund are building Norways most secure and energy-efficient commercial centres for national data storage

6 minute read Share (Oslo, 19 June 2023) The criteria for security and sus...

05/06/2023

Thomas Midteide is appointed SVP Group Communications in Telenor.

3 minute read Share alt=Alternative descriptive text class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb10> Thomas Midteide is appointed...

31/05/2023

Telenor purchases green energy from a brand-new solar park in Denmark

7 minute read Share In Kolding and Vejle Municipality, near the villages of Viuf and H strup, Better Energys brand-new solar park is on the way as the two...

23/05/2023

Telenor publishes learning outcomes from Myanmar engagement

3 minute read Share Telenor has completed its internal learning process after the exit from Myanmar, yielding valuable lessons on responsible disengagemen...

10/05/2023

Election of members to the Board of Directors of Telenor ASA

5 minute read Share The Corporate Assembly for Telenor ASA has in its meeting on 10 May 2023 elected Jens Petter Olsen as Chair of the Board of Directors,...

04/05/2023

Telenor's Q1 results: Solid strategy execution

5 minute read Share Presentation & report Webcast Today, Telenor reports its results for the first quarter of 2023. I'm pleased to see that we ...

28/04/2023

Telenor Asia in action: Aiming for Zero

5 minute read Share Everyone should be able to perform their jobs safely. Telenor Asia's Head of Health, Safety and People Security shares how he tack...

11/04/2023

Frank Maa appointed new Head of Capital Markets and Investor Relations at Telenor Group

1 minute read Share Frank Maa has been appointed Senior Vice President Ca...

28/03/2023

Annual Report 2022

2 minute read Share Annual Report 2022 Telenor's Annual Report for 2022 covers financial statements, sustainability reporting, an overview of 20...

08/03/2023

Telenor Asia in action: Three strong women leaders paving the path in Asia

7 minute read Share Three women who are working on some of the most important priorities for Telenor Asia tell us how they have stepped into leadership ro...

08/03/2023

Three strong women leaders paving the path in Asia

7 minute read Share Three women who are working on some of the most important priorities for Telenor Asia tell us how they have stepped into leadership ro...

08/03/2023

Joining hands to create safe digital spaces for girls and young people

7 minute read Share Empowering Societies Digital skills Include Inclusion Grameenphone Grameenphone and Plan International Bangladesh join hands...

07/03/2023

Telenor Asia seeks to strengthen market position after completing two mega telco mergers (The Business Times)

9 minute read Share Writer: Mindy Tan View original article on The Busine...

01/03/2023

Unveiling Thailand's new telecom-tech champion

11 minute read Share dtac Telenor Asia When Telenor made its foray into Thailand in 2003 through its investment in dtac, the company's vision was ...

01/03/2023

Telenor completes the amalgamation of dtac and True in Thailand

5 minute read Share Today, Telenor Asia announces the completion of the amalgamation of the telco operations of True and dtac in Thailand. The transaction...

14/02/2023

Telenor Asia: Our Year in Review - 2022

7 minute read Share Download the full Year in Review - 2022 Message from Head of Telenor Asia, J rgen C. Arentz Rostrup: 2022 marked a significant turn...

02/02/2023

Executing on the strategy

7 minute read Share The quarter represents significant progress on our new strategic roadmap towards 2025. Mobile service revenues in Telenor Nordics inc...

01/02/2023

Sale of 30% of the Norwegian Fibre business completed

2 minute read Share (Fornebu, 1 February 2023) Telenor today closes the transaction to divest 30 percent of newly established Telenor Fiber AS, in Norway ...

30/01/2023

Telenor Asia Digital Lives Decoded (Play)

9 minute read Share Download full report PDF Survey Findings (Infographics) PDF Read the press release From virtual worlds to real-life communitie...

12/01/2023

Dtac and True are moving into the final phase of the merger

3 minute read Share Dtac and True have today held separate board meetings regarding the ongoing merger process between the companies. The boards of direct...