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AT&T Cyber Security Is $1 Billion Business Opportunity, Company

BARCELONA (Reuters) – Companies will double or triple spending on cybersecurity in the coming years as attacks grow more sophisticated and frequent, creating a billion dollar business opportunity for U.S. carrier ATT Inc, it said on Wednesday.
Attacks on ATT networks have doubled in the past four months and now tend to be more targeted to evade detection, Frank Jules, president of ATT’s global enterprise unit, said at the Morgan Stanley TMT conference.
“We see them on a daily basis and they are now getting smaller instead of coming in huge waves, which were easier for us to detect,” he said.

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