The rollout of 5G will not only unlock vast potential, but also pose significant new risks. This means the risk profile for companies using or providing 5G products and services will change. Businesses must adapt to ongoing technological innovations that bring many unknowns. The reality is that the reality is Unintended consequences, whether real or perceived, are dangerous. Erroneous belief that they are linked to the COVID-19 outbreak.
Unlike previous generations, 5G networks are software-defined networks and are “virtualized.” This means that many functions that once relied on hardware are now virtual software functions, with associated software-related security issues. As the amount of interconnected devices, networks, services, and mobile data increases, so does the potential attack surface.
Because 5G networks are interconnected with infrastructure, service providers, and users, it also magnifies the issue of supply chain security and business interruption losses if something goes wrong.
“The key issue here is the high level of dependence across the concept, from the companies providing 5G-enabled technology solutions to the companies purchasing and using them.” To tell Oliver Lauxmann, Head of AGCS Underwriting Office, Global Practice Group Leader. “One of the most important characteristics of 5G, with its speed and low latency, is that it can provide solutions in real time, 24/7. It can directly influence subsequent processes, potentially at a regional and even global level.”
These solutions can be deployed in mission-critical systems such as first response services, transportation, healthcare, and energy supply, where low latency or interference can have near-instantaneous ripple effects with potentially catastrophic consequences. there is.
