This Week In Tech And Telco: Brexit, Broadband and 5G
Are you constantly browsing the web, desperately trying to keep up with the ever changing industry, in between meetings, emails and other tasks that have to be done?
That’s why Radial Path began this weekly curation of news. We’re bringing together the most important news from the tech and telco space so you don’t need to worry any more.
Did we miss something? Let us know.
Quadriga CX estimates that about C$180m ($137m; £105m) in cryptocurrency coins is missing following its inability to locate or secure its crypto reserves since founder Gerald Cotten died in December.
Cotten had sole responsibility for handling the funds and coins. His widow, Jennifer Robertson, told authorities that the laptop on which Cotton used for business is encrypted and she does not know the password or recovery key.
British Columbia’s securities regulator said this week that it doesn’t have jurisdiction over the exchange, leaving some 115,000 users still scrambling to figure out how to get back their money.
Sprint has filed a lawsuit in federal court seeking an injunction against AT&T. The American wireless and internet provider hopes to stop AT&T from using the "5G Evolution" tags on its devices or advertising.
AT&T recently introduced ‘5G Evolution’, which is merely a rebrand of 4G LTE advanced technology. T-Mobile and Verizon both criticized AT&T's decision, but Sprint moved a step further by filling a lawsuit in federal court.
Sprint said it commissioned a survey that found 54 percent of consumers believed the "5GE" networks were the same as or better than 5G, and that 43 percent think if they buy an AT&T phone today it will be 5G capable, even though neither of those things are true. Sprint's argument is that what AT&T is doing is damaging the reputation of 5G, while it works to build out what it calls a " legitimate early entry into the 5G network space."
There is more Brexit uncertainty as a Confederation of British Industry (CBI) report warns that Brexit is “sucking the oxygen” out of digital priorities such as full-fibre broadband roll-out and 5G mobile network deployment.
The report warns that if broadband and mobile rollouts stagnate, British businesses will miss huge cost and productivity benefits.
CBI chief UK policy director Matthew Fell urged the government to take practical steps to enable companies to adopt new connectivity technologies and close the productivity gap.
Huawei wants cybersecurity to be viewed as a technical not a ideological issue, and is open to supervision by European governments to prove the point.
The Chinese company is continuously coming under fire for ties with the Chinese government and suspicions of spying - which the company denies.
The comments due to be delivered in a speech by Abraham Liu, Huawei's chief representative to EU institutions. Liu will reiterate that Huawei has not and would never harm the interests of customers or countries.
Liu will say that Huawei devices, tested by multiple regulators and telecoms operators, have never caused any serious cybersecurity breaches.
There has been 59,000 data breaches reported across Europe since GDPR was enforced last May.
A report by law firm, DLA Piper, indicates that out of these 59,000 reported breaches, 10,600 were from the UK. The report also revealed that only 91 fines have been issued so far.
Ross Brewer, VP & MD EMEA, LogRhythm commented “This report highlights the scope and scale of today’s threat landscape. 60,000 data breaches in eight months may sound extremely high, but it’s not necessarily surprising.”
“The one thing GDPR has done is bring all of the data breaches to the surface. Businesses can no longer sweep them under the carpet in the hope that no one will ever find out – the threat of a €20m fine or 4% of their annual turnover was more than enough for businesses to sit up and take notice.”