From the Executive Summary: "The fifth-generation (5G) of wireless technology represents a complete transformation of telecommunication networks, introducing a vast array of new connections, capabilities, and services. These advancements will provide the connection for billions of devices and will pave the way for applications that will enable new innovation, new markets, and economic growth around the world. However, these developments also introduce significant risks that threaten national security, economic security, and impact other national and global interests. Given these threats, 5G networks will be an attractive target for criminals and foreign adversaries to exploit for valuable information and intelligence. [...] The preliminary focus of the 5G Threat Model Working Panel was to explore and prioritize potential threat vectors that may be associated with the use of 5G non-standalone (NSA) networks. The working panel reviewed existing bodies of work to identify and generate an aggregated list of known and potential threats to the 5G environment, determined and developed sample scenarios of where 5G may be adopted, and assessed risks to 5G core technologies. This analysis paper represents the beginning of the Working Panel's thinking on the types of risks introduced by 5G adoption in the Unites States, and not the culmination of it. This product is not an exhaustive risk summary or technical review of attack methodologies and is derived from the considerable amount of analysis that already exists on this topic, to include public and private research and analysis."
Office of the Director of National Intelligence: https://www.dni.gov/