The cost to recover from security breaches in Canada averages $3.7 million in direct and indirect costs per organization, including network down time, employee work days, lost files and compromised information, according to a new survey. Of that amount, the…
OTTAWA – The federal Liberal government needs to take the wheel when it comes to the development and testing of self-driving cars on Canadian roads – or risk getting run over by the fast-approaching high-tech revolution, a Senate committee warns.…
More than 60% of IT security experts are unsure of how to combat security breaches like targetted attacks, a new report on behalf of cybersecurity company Kaspersky Lab has found. The report, titled New Threats, New Mindset: Being Risk Ready…
A reliance on mobile devices and apathy towards device security have been highlighted as key cybersecurity impact areas in Kaspersky Lab’s latest Kaspersky Cybersecurity Index. The index, an aggregate of indicators reflecting changes in online behavior, found that in the…
Nearly one-half (46%) of Canadian small- and medium-sized businesses (SMBs) believe that their organization is at risk of experiencing a cyberattack, according to a new survey from Internet security company ESET Canada. The research, commissioned by ESET Canada and conducted…
LONDON – Accounting firm Deloitte says it has launched a thorough investigation into a cyberattack that hit its email system. The company said in a statement Monday that the breach had affected “very few clients” and that government authorities were…
The federal agency responsible for ensuring that markets function as they should and for protecting investors was hacked last year and the intruders may have used the nonpublic information they obtained to profit illegally. The disclosure arrived two months after…
The majority of insurance company CEOs in the United States – 79% – are confident about the growth prospects of their organizations over the next three years as they are looking to innovate processes and implement new technologies in response…
As insurance firms invest in more complex securities, they struggle to manage data and meet regulatory reporting requirements, a newly released study has found. Addressing local regulation and accounting standards is the leading operational challenge when it comes to firms’…
Almost all polled large employers in the United States have a cybersecurity policy in place, with required security software and how to back up data being the most important elements of the policy, a recent study from research company Clutch…
Organizations with standalone cyber insurance policies increased three points from 2016 to 83%, according to the 2017 RIMS Cyber Survey. “Risk professionals’ continued to show confidence in standalone cyber insurance policies as the number of practitioners who purchased the coverage…
Waterloo, Ont.-based Economical Insurance announced on Wednesday that it has launched EXPERT Cyber, coverage that is available to commercial policies for Canadian businesses in the event of a data breach. “Cybersecurity is a growing area of concern for businesses of…