November 18, 2015
According to the recent HSB BI&I’s Cyber Stealth Survey conducted in September 2015, 90% of Canadian businesses have experienced at least one type of cyber hacking incident in the last year.
With the prevalence of cyber-attacks in Canada, there is a clear discrepancy among risk managers’ perceptions and the level of exposure their companies face from hacking activity. According to the study, 60% of business owners believe their...
October 28, 2015
When one organization acquires another, they are acquiring the other organizations assets along with their liabilities and risks.
In a data-driven economy, neglecting cybersecurity risks can prove to be costly. A single security attack can have an immediate adverse impact on the value of a company or organization. There are also many costs associated with regulatory compliance following a data breach. The Digital Privacy Act (DPA) or Bill S-4...
October 06, 2015
October is National Cyber Security Awareness Month. Most Canadian Internet users feel vulnerable to online threats, and yet still so many people take risks online such as opening email from an unknown source or not protecting personal information stored on a computer.Cyber security matters to everyone, every day. This is the perfect time of year for individuals, businesses, and other organizations to reflect on the universe of cyber threats and...
September 24, 2015
A due diligence analysis of intellectual property rights is an important step when acquiring or making a significant investment in a business. It is particularly important in the case of technology companies, where Intellectual Property Rights are assets that account for almost all the value in a business. A due diligence analysis provides an appraisal of a business’s assets and liabilities and helps to identify any potential problems....
August 24, 2015
A new type of cyber-attack known as ‘CEO fraud’ and ‘business email compromise’ is on the rise specifically targeting businesses with foreign suppliers and/or businesses that regularly perform wire transfer payments. This type of cyber heist is sophisticated as hackers target the email accounts of business executives or employees. They can then orchestrate the wire transfers by talking to the relevant members of...
July 31, 2015
According to a recent survey conducted by Accenture, nearly two-thirds (63%) of C-suite executives report that their companies experience “significant” cyberattacks daily or weekly. Despite this fact, only 25% of them say their organization always incorporates measures in the design of their company’s technology and operating models to make them more resilient.
The report ‘Business Resilience In The Face of Cyber Risk...