Market
What will be the primary reason for fines on telecoms under new FCC rules by end of 2025?
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Resolution / Starting Odds
Non-compliance with certification • 25%
Inadequate cybersecurity measures • 25%
Failure to report breaches • 25%
Other reasons • 25%
FCC reports and telecom compliance documentation
Story
FCC Proposes Cybersecurity Regulations for Telecoms, Mandating Annual Certification
Dec 5, 2024, 08:32 PM
FCC Chairwoman Jessica Rosenworcel has proposed new regulations aimed at bolstering the cybersecurity of telecommunications companies in response to the Salt Typhoon cyberattacks, which have infiltrated U.S. phone networks. The proposal, made in her final days as chair, would require telecom carriers to secure their networks from hackers or face potential fines. This move is based on a legal interpretation of a U.S. wiretapping law. Additionally, the FCC is considering rules that would mandate carriers to submit an annual certification attesting to their cybersecurity measures. The initiative comes amidst growing pressure from the federal government to address cybersecurity threats, particularly from Chinese government hackers.
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Other regulatory issues • 25%
Data protection violations • 25%
Antitrust violations • 25%
Consumer protection violations • 25%
Decreased security • 25%
Increased security • 25%
No significant change • 25%
Unknown • 25%
Websites blocked • 25%
Fines issued • 25%
No actions taken • 25%
Both fines and blocks • 25%
No decision by deadline • 25%
Adopted without changes • 25%
Adopted with modifications • 25%
Rejected • 25%
Partial compliance • 25%
Full compliance • 25%
Legal challenge • 25%
Non-compliance • 25%
Yes • 50%
No • 50%
3-4 • 25%
5 or more • 25%
1-2 • 25%
0 • 25%
Rules delayed • 25%
Rules fully implemented • 25%
Rules partially implemented • 25%
Rules rejected • 25%