Media & Telecommunications
Fundamental changes to the way people create, publish and consume information is affecting these industries more than ever.
Media and telecommunication companies are encountering numerous hurdles, such as industry consolidation, amplified regulatory and compliance pressures, privacy and security concerns emanating from the applications, and the management of capital allocation and expenses.
These obstacles can result in fraudulent activities, disruption of business processes, and both reputational and financial damage.
The telecommunications and media industries face various compliance and risk issues, including data privacy and security, regulatory compliance, supply chain risks, and environmental and social responsibility. Ensuring the privacy and security of customer data is critical, as companies must comply with regulations like GDPR and CCPA. Additionally, they need to adhere to rules imposed by governing bodies such as the FCC and ETSI to maintain licenses and avoid fines.
These industries also face challenges related to their global supply chains, such as geopolitical tensions and natural disasters, making supply chain resilience and compliance essential. Lastly, they must address environmental concerns, like electronic waste and energy consumption, and promote social responsibility through initiatives like diversity and inclusion, ethical labor practices, and community engagement.
SureStep has provided GRC & ESG advisory services to media and telecom companies around the world to help them develop and build effective strategies for managing both. SureStep solutions have directly led to dramatic reduction in energy usage at data center and call center locations.
9/10
One of the top 5 risks to telco’s is unfavorable changes to regulation in the industry.
29%
Cybersecurity breaches in telecommunication companies in 2021 were 29% higher than the previous year.
80%
While expanding 5G networks is a top priority for all telcos, 80% of executives express security as the top concern with this expansion.
