Canadian companies seen lacking financial muscle to guard against cyberattacks

Standard

This is not good for Canada. As more Canadian shop online, and use their smartphones for an array of applications, our companies must continue to invest in technologies that will reduce risk and enhance customer experience!

Financial Post

Canada’s strict privacy legislation — and the required data checks and balances — helps businesses boost their defences against cyberattacks such as the devastating Sony Pictures hack where celebrities’ social security numbers and salaries were leaked, but Canadian firms are cutting their cybersecurity budgets and fewer system breaches are being detected, security professionals warn.

[np_storybar title=”Hack that crippled Sony Pictures’ computers highlights growing threat of malware as cyber weapons” link=”http://business.financialpost.com/2014/12/04/hack-that-crippled-sony-pictures-computers-highlights-growing-threat-of-malware-as-cyber-weapons/?__lsa=2a98-697c”]The hacking of Sony Pictures Entertainment points to a type of attack security experts have long dreaded: one that uses the sophistication of a foreign government to destroy systems rather than just steal data.

There have been a handful of such incidents around the world and they are likely to grow more common, either to further a political agenda or hide evidence of theft or espionage, said Michael Chertoff, former secretary of the U.S. Homeland Security Department. Keep reading.
[/np_storybar]

View original post 634 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s