The document discusses several cybersecurity challenges facing service providers as networks become more virtualized and complex. It notes that virtualization is not new but brings operational challenges from enterprise IT. Securing access to physical and virtual networks is key, and security incidents involving virtual machines have higher recovery costs. As networks use more software-defined networking and network function virtualization, security strategies must adapt to hybrid environments. The hypervisor is a critical component to protect due to the risks of attacks from rogue virtual machines. Privileged identity management is also a challenge as the boundaries between network elements blur and many more accounts exist than needed. Fraud is a major threat costing over $40 billion annually through various schemes.