Leeds, UK - February 17th, 2023 - BlackDice, an AI cybersecurity company based in the United Kingdom, today announced a new strategic partnership with LITEON Technology, headquartered in Taiwan, a world-leading provider of key electronic modules and solutions with global manufacturing footprints.
This partnership will result in telcos not only being able to benefit from LITEON’s best in class hardware solutions, but also from BlackDice’s market leading enterprise-grade AI Security Solutions, helping to deliver a superior customer experience to consumer & SME subscribers, while also helping the telcos to generate new revenue streams ($50-250m) and reducing the cost to serve & churn ($20-50m) - source BlackDice Telco Business Impact Calculator.
“The cyber-attack threat profile for telcos is immense with 1.3bn routers in the market and a forecasted 30.9 bn IOT devices by 2025. With 3 trillion intrusion attacks in 2022 alone and an estimated cost of cybercrime of $10.5 trillion in 2025, the telcos now need to take action”, says Paul Hague, BlackDice CEO. “We are excited by our new partnership with LITEON. With their leading hardware combined with our cyber defense solution, we are arming telcos with a differentiated secure solution that will not only deliver a better experience for their customers but will bring substantial economic benefits”.
“Our specialization in networking solutions along with BlackDice’s expertise in cyber security is going to allow telcos and internet service providers to offer reliable, cost efficient, and secured services. More importantly, it allows brands to build peace of mind and trust amongst their consumers” says Sander Su, General Manager of LITEON’s Network Communications Business Division.
The new partnership between LITEON and BlackDice will bring the following other benefits:
Founded in 2018, BlackDice Cyber are alumni of the GCHQ/NCSC cyber accelerator program. BlackDice Cyber defense products are a patented suite of enterprise-grade cyber defense solutions for telecoms operators to deploy to their customers. Combining machine learning threat detection, behavioral analysis, and anomaly detection, alongside device/parental controls and content filtering. BlackDice are at the leading edge of broadband and mobile cyber defense, providing operators with new service opportunities and unprecedented insight into broadband networks and devices, driving ARPU, reducing churn, and building trust between operator and customer.
Founded in 1975, LITEON is a trailblazer of technology and the first listed electronic company in Taiwan, which offers reliable advanced solutions powering cloud computing, automotive electronics, 5G, and AIoT. LITEON’s Networking product portfolio ranges from Wi-Fi access points, switches, and 5G small cells, providing customers with flexible business models.
For decades, LITEON have been advocating socially and environmentally responsible corporate practices that reflect its core values.
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