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Majority of businesses believe that the impact of 5G will be significant but have security concerns

Businesses believe that 5G will be the most revolutionary network evolution yet but still have concerns about the technology’s security, according to the results of a global study from Accenture. Based on a survey of more than 2,600 business and technology decision makers across 12 industry sectors in Europe, North America and Asia-Pacific, the study found that four in five respondents (79 percent) believe that 5G will have a significant impact on their organization — including 57 percent who believe that it will be revolutionary. In contrast, only one-quarter (24 percent) of respondents said they believed that 4G’s impact was revolutionary.

This optimism doesn’t eclipse security concerns around 5G, which have grown slightly over the last year. Specifically, more than one-third (35 percent) of respondents in the most recent survey expressed concerns around the security of 5G, compared with 32 percent in last year’s survey. In addition, more than six in 10 respondents (62 percent) in the latest survey expressed fears that 5G will render them more vulnerable to cyber attacks, and businesses believe that most of the risk will begin at the user level, whether that’s devices or people.

The survey suggests businesses are thinking ahead to how to deal with these challenges, with three-quarters (74 percent) of respondents saying they expect to redefine policies and procedures related to security as 5G emerges.

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