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Swedish telecommunication giant <keyword id="6356812" type="ORGANIZATION" weightage="20" keywordseo="ericsson">Ericsson</keyword> has acquired <keyword id="9959082" type="COMPANY" weightage="20" keywordseo="cradlepoint">Cradlepoint</keyword>, the US-based market leader in Wireless Edge WAN 4G and <keyword id="764355" type="PERSON" weightage="20" keywordseo="5G">5G</keyword> Enterprise solutions, for $1.1 billion. The combined offering will create valuable new revenue streams for customers by supporting full 5G-enabled services for enterprise, and boost returns on investments in the network. The investment is key to Ericsson's ongoing strategy of capturing market share in the rapidly expanding 5G Enterprise space, the company said in a statement. "The acquisition of Cradlepoint complements our existing offerings and is key to our strategy of helping customers grow the value of their 5G network investments. Ericsson is uniquely positioned to build on Cradlepoint's leadership position in Wireless Edge and the wireless WAN market," said Borje Ekholm, President and CEO Ericsson. The transaction is expected to close before the end of Q4 2020, subject to closing conditions. Wireless wide area network (wireless WAN) Edge solutions connect through 4G and 5G to deliver fast, secure, and flexible connectivity wherever and whenever it is needed for businesses, mobility and critical frontline emergency services. Cradlepoint is strongly positioned in a market with underlying growth of 25-30 per cent. "We have led the way in bringing the power of cellular networks and technologies to enterprise and public sector customers – helping them connect beyond the limits of traditional wired WANs. Ericsson with its global 5G leadership is a great match for us," said George Mulhern, CEO and Chairman, Cradlepoint. Founded in 2006, Cradlepoint has more than 650 employees, providing wireless WAN solutions that deliver enterprise-grade connectivity. In addition to the company headquarters in Boise, Idaho, the company operates a research and development center in Silicon Valley, California, and new market offices in the United Kingdom and Australia. With the acquisition, Cradlepoint will become a fully-owned subsidiary of Ericsson while continuing to operate under its existing brand.

Ericsson's latest 5G bet - acquires enterprise connectivity provider Cradlepoint for $1.1 billion

<ul class="summary-list"><li>Companies are leveraging 5G, which requires new cybersecurity approaches.</li><li>Professionals at the RSA Conference shared insights on securing 5G devices and networks.</li></ul>Increasingly, companies are leveraging 5G connectivity, whether through 5G mobile devices or Internet of Things technology. This means they need to evolve the way they think about cybersecurity.Business Insider spoke with several cybersecurity professionals at the annual <a target="_blank" href="https://www.businessinsider.com/rsa-ceo-rohit-ghai-navigating-5g-cybersecurity-2024-5">RSA Conference</a>, which took place from May 6 to 9 in San Francisco. They shared advice on how companies could improve cybersecurity as they moved into the <a target="_blank" href="https://www.businessinsider.com/rsa-conference-us-national-security-5g-infrastructure-ai-anne-neuberger-2024-5">age of 5G</a>."For the office, factories, sites, campuses, 5G should be seen as an active replacement for WiFi," Nathan Howe, the group vice president of innovation at Zscaler, said. "This requires some serious rethinking, but the advantages are massive — once you get past that initial shock in terms of difference. Private 5G networks will change the way in which everything connects."Overall, professionals said that companies should think about cybersecurity from the beginning."It's much cheaper thinking about cybersecurity when building something rather than thinking about cybersecurity when it's already built," Andrea Carcano, a cofounder and the chief product officer of Nozomi Networks, said.Here are cybersecurity professionals' best practices for securing 5G devices and networks.<h2 id="ed7bb694-e61b-4d3b-80c8-2f68b867f288">Inspect and secure 5G devices</h2>Many customers are still trying to understand how to fully use 5G. Increasingly, organizations purchase and manage their own private 5G infrastructure.If they do this, they must conduct thorough security assessments, inspect the quality of the IoT products they use, and follow manufacturer guidelines on how to secure them, Boaz Gelbord, Akamai's chief security officer, said.Additionally, professionals said companies should understand what's connected to the 5G networks they're using and hold their vendors accountable for security, ensuring they make updates to software and hardware and mend any vulnerabilities.<h2 id="e153a997-51c7-4627-9efe-848f89c9be93">Use a zero-trust approach</h2>Several professionals pointed to using a zero-trust approach, which means systems should never trust anything entering the network and should verify all devices, requests, and users. This includes security controls over which users can access the network and which systems on the network can communicate with each other."Zero trust really goes hand in hand with 5G," Donna Johnson, Cradlepoint's chief marketing officer, said. "Even as your attack surface widens, you've narrowed the potential impact of any attack that can get through."As part of this approach, companies should have visibility into the traffic of their 5G networks and continuously validate and monitor end-point devices on those networks. That's because as more devices get connected to 5G networks, the bigger the attack surface becomes."From an attacker's perspective, the more things connected to it, the more gold mines there are for them to attack," Christine Gadsby, the vice president of product security at BlackBerry, said.It's also important to have a powerful enforcement layer, including enforcement policies and controls over which devices are permitted to access the network, Darren Guccione, the CEO and a cofounder of Keeper Security, said."We make sure the right person, on the right device, at the right time, at the right location has access to very specific systems based on their role," Guccione said.With more IoT devices, there are even more ways to communicate across 5G networks. Companies should use tools to check whether rogue devices are on their 5G networks."Because 5G includes IoT, it's going to open up a whole world of issues with monitoring communication," Megha Kalsi, a partner at AlixPartners, said. "As an industry, we also need to figure out how to monitor some of that communication using 5G."<h2 id="0447b89e-3e95-4ebd-a408-bbf2d2b64bae">Analyze risks</h2>Finally, companies should analyze their risks, the services they use, and how much of their data is exposed. They should consider possible entry points for hackers and how they can mitigate issues as they transition to 5G.This is crucial, given the significant gap between the speed at which bad actors can exploit vulnerabilities and the speed at which an organization can patch its vulnerabilities.Companies need to "go above and beyond best practices," Jimmy Mesta, the chief technology officer and a cofounder of RAD Security, said. They need to monitor for anomalies, verify workloads, and properly configure the products they use. As generative artificial intelligence is increasingly <a target="_blank" href="https://www.businessinsider.com/ai-secure-5g-networks-combat-cyber-threats-2024-5">used in cybersecurity</a>, some tasks can be automated.Increased use of 5G calls for updated security practices. "A lot of the standard practices today will not work," Carcano said. "That's the main risk. Someone will use 5G technology and try to apply old-school methodology to perform cybersecurity, but 5G will change and expand boundaries and work more in a zero-trust network when potentially everything is at risk."

Cybersecurity professionals share best practices for securing 5G networks

<div class="KonaFilter image-container display-table"><div><div class="image on-image">CB Insights</div></div></div><ul class="summary-list"><li>With $15.7 billion in equity funding, <a href="https://www.businessinsider.com/category/uber">Uber</a> is the most highly-funded tech startup in the United States. </li><li>This map by CB Insights shows that there's plenty of money to go around.</li><li>Florida's <a href="https://www.businessinsider.com/category/magic-leap">Magic Leap</a>, an augmented reality has raised $2.4 billion in funding, while Illinois's' Avant, a financial technology company has raised $655 million, and Georgia's Kabbage, an online lending platform that has raised $490 million.</li><li><a href="https://www.businessinsider.com/?hprecirc-bullet">Visit Businessinsider.com for more stories.</a></li></ul>With $15.7 billion in equity funding in its pocket, the San Francisco, California-based ride-hailing company <a href="https://www.businessinsider.com/category/uber">Uber</a> has raised more money than any other tech startup in the country. But California isn't the only state in the union harboring highly-funded tech startups. <div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">UpserveUpserve CEO Sheryl Hoskins runs the most highly-funded startup in Rhode Island.</div></div></div>In this graphic, research firm <a href="https://www.cbinsights.com/research/well-funded-startups-us-map/">CB Insights identified the most highly-funded companies</a> in each of the 50 states, plus Washington, D.C. Some of those companies include Florida's Magic Leap, an augmented reality company that's disclosed $2.4 billion in funding, Illinois' Avant, a financial technology company that's raised $655 million, and Georgia's Kabbage, an online lending platform that has raised $490 million. The list also includes ten different unicorns - companies valued over $1 billion - from Washington, D.C.'s Vox Media to Utah's InsideSales.com. While hge amounts of equity funding can be found across the country, three of the states didn't have any companies that fit CB Insight's full criteria, which required that companies have raised at least $1 million in equity funding since January 2014. Those states are Alaska, Mississippi, and Wyoming.Alaska's Resource Data, for instance, has raised $1.59 million in equity funding, but it's raised the sum through multiple small angel rounds. Read more: <a href="https://www.businessinsider.com/most-valuable-startup-in-each-state-us-2018-11">These are the most valuable startups in each state</a><div><form action="https://www.cbinsights.com/research/well-funded-startups-us-map/" method="post" name="cta-desktop" novalidate="novalidate"><h2>Here's the full list: </h2><ul><li>Alabama: AfterSchool, $16.4 million</li><li>Alaska: Resource Data, $1.59 million</li><li>Arizona: IO Data Centers, $311 million</li><li>Arkansas: One Country, $100 million</li><li>California: Uber, $15.7 billion</li><li>Colorado: Welltok, $339.43 million</li><li>Connecticut: Cedar Gate Technologies, $220 million</li><li>DC: Vox Media, $324.65 million</li><li>Delaware: SevOne, $203.5 million</li><li>Florida: Magic Leap, $2.4 billion</li><li>Georgia: Kabbage, $490 million</li><li>Hawaii: Ibis Networks, $4.83 million</li><li>Idaho: CradlePoint, $154.8 million</li><li>Illinois: Avant, $655 million</li><li>Indiana: Scale Computing, $89.67 million</li><li>Iowa: Involta, $79.5 million</li><li>Kansas: C2FO, $199.68 million</li><li>Kentucky: Lucina Health, $24.49 million</li><li>Louisiana: Lucid, $64.22 million</li><li>Maine: Tilson Technology Management, $109.4 million</li><li>Maryland: Sonatype, $142.6 million</li><li>Massachusetts: DraftKings, $727.6 million</li><li>Michigan: Llamasoft, $56.1 million</li><li>Minnesota: Code42 Software, $137.5 million</li><li>Mississippi: Next Gear Solutions, $11.05 million</li><li>Missouri: PayIt, $108 million</li><li>Montana: Blackmore Sensors &amp; Analytics, $21.5 million</li><li>Nebraska: Hudl, $106.19 million</li><li>Nevada: PlayStudios, $36.17 million</li><li>New Hampshire: FlexEnergy, $46.24 million</li><li>New Jersey: Vidyo, $171.91 million</li><li>New Mexico: Skorpios Technologies, $45.17 million</li><li>New York: Infor, $4.1 billion</li><li>North Carolina: Epic Games, $1.6 billion</li><li>North Dakota: Myriad Mobile, $10.6 million</li><li>Ohio: Root Insurance, $159 million</li><li>Oklahoma: SendaRide, $1.74 million</li><li>Oregon: Jama Software, $233 million</li><li>Pennsylvania: Duolingo, $108.3 million</li><li>Rhode Island: Upserve, $191.45 million</li><li>South Carolina: Commerce Guys, $46.3 million</li><li>South Dakota: Covered Insurance Solutions, $4.63 million</li><li>Tennessee: SmileDirectClub, $426.7 million</li><li>Texas: WP Engine, $289.2 million</li><li>Utah: InsideSales.com, $264.3 million</li><li>Vermont: Faraday, $5.49 million</li><li>Virginia: Privia Health, $432.84 million</li><li>Washington: Rover, $280.9 million</li><li>West Virginia: Geostellar, $29.97 million</li><li>Wisconsin: EatStreet, $44.74 million</li><li>Wyoming: Mountain Origins Design (dba Stio), $17.2 million </li></ul></form></div> <a href="http://read.bi/ai-101-free"></a> <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/facial-recognition-technology-regulation-creepy-future-2019-4">Facial recognition is almost perfectly accurate - here's why that could be a problem</a></h3> <div> </div> </div>

This map shows which states in the US are competing to top California-based Uber's $15.7 billion in equity funding

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Ericsson's latest 5G bet - acquires enterprise connectivity provider Cradlepoint for $1.1 billion

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Cybersecurity professionals share best practices for securing 5G networks

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This map shows which states in the US are competing to top California-based Uber's $15.7 billion in equity funding

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