Canadian telecommunications business bankrupted by cyber attack?


The spiral of decline at Nortel Networks leading ultimately to its bankruptcy in 2013 is now believed to have been directly caused by a decade-long cyber attack.

Investigations have pointed to a state-sponsored attack resulting in intellectual property being stolen and probably used by a foreign competitor to undercut their prices.

It now acts as a wake-up call to the threats posed by cyber attacks which may have both the protection and deep-pocketed sponsorship of a nation state and which do not respect traditional international borders.

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Courtenay Brammar

Experienced global enterprise risk and governance professional. Previously Vice President at Morgan Stanley, Deloitte Risk Advisory practitioner and PRMIA steering committee member in both London and New York.

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  • Nortel Networks Corporation

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