Executive Summary
According to the Cyber-Telecom Crime Report 2019 by Europol’s European Cybercrime Centre, the cost of telecommunications fraud is estimated at €29 billion a year. Zion Research forecasts that the global VoIP market will grow up to $140 billion by 2021. This means that the vulnerability of current IP telephony services to cyberattacks, theft, and data leaks will become an even more urgent matter.
ENCRY TELECOM develops a multifunctional VoIP technology and a B2B platform with integrated blockchain services to bolster confidentiality and communication security. Every day, the company improves its services and pays particular attention to guaranteeing the privacy and security of its virtual PBX.
As such, the founder of ENCRY TELECOM believes that audits of the company’s web application should be conducted on a regular basis to minimize risks of new vulnerabilities after new features are added.
This prompted the company to look for a long-term partner to carry out audits of its web application as it is developed. After researching the main players on the information security market and studying reviews of many companies in this field, ENCY TELECOM decided on Group-IB.




