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By Rick Seeto, vice president & general manager APJ, Ciena

Read more: Future-proofing the backbone of our digital economy

The world is experiencing quantum leaps in digitalization, as technology is embraced in ways never before prior to the pandemic. At the same time, digital fraud poses a bigger threat as digital transaction volumes increase, with annual losses amounting to $10.5 trillion by 2025 globally. With further developments in technology, we can only expect greater risks to data privacy and security and growing pressure for enterprises and industries to ensure compliance.

Read more: Growing importance of digital identity verification in the telecom industry

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