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  • 21 Reasons to Cyber Train Your Employees

    Protecting sensitive data: Cybersecurity training can help employees understand the importance of protecting sensitive data from unauthorized access, theft, or breach. Preventing cyber attacks: Training can teach employees how to recognize and prevent cyber attacks, such as phishing, malware, and ransomware attacks. Avoiding financial losses: Cybersecurity breaches can be costly, and training can help employees avoid financial losses that result from these incidents. Complying with regulations: Many industries are subject to regulations that require them to maintain certain cybersecurity standards, and training can help employees understand and comply with these requirements. Maintaining brand reputation: A cybersecurity breach can damage a company's reputation, and training can help employees understand the importance of protecting the brand. Increasing customer trust: Customers expect companies to take their privacy and security seriously, and cybersecurity training can help employees ensure that customers' data is protected. Reducing downtime: A cyber attack can cause significant downtime for a company's operations, and training can help employees understand how to prevent and respond to these incidents. Enhancing employee productivity: Employees who are trained in cybersecurity are better equipped to identify and address security risks, which can help them be more productive in their work. Preventing insider threats: Employees can pose a risk to cybersecurity if they are not trained to identify and report suspicious behavior among their colleagues. Protecting intellectual property: Cybersecurity training can help employees understand the importance of protecting a company's intellectual property from theft or unauthorized access. Ensuring business continuity: Cybersecurity training can help companies maintain continuity of operations even in the face of cyber attacks or other security incidents. Minimizing legal liability: A cybersecurity breach can result in legal liability for a company, and training can help employees understand how to minimize this risk. Reducing the likelihood of future breaches: Cybersecurity training can help employees understand the consequences of a breach and motivate them to take preventative measures to avoid future incidents. Meeting customer expectations: Customers expect companies to take proactive measures to protect their data, and training can help employees meet these expectations. Improving company culture: Cybersecurity training can help create a culture of security awareness and responsibility within a company. Staying ahead of evolving threats: Cybersecurity threats are constantly evolving, and training can help employees stay up-to-date with the latest trends and best practices. Encouraging accountability: Cybersecurity training can help employees understand their roles and responsibilities in protecting the company's assets and data. Ensuring compliance with internal policies: Many companies have their own cybersecurity policies that employees must follow, and training can help employees understand and comply with these policies. Creating a competitive advantage: Companies that are known for their strong cybersecurity practices can use this as a competitive advantage when marketing to customers or investors. Reducing stress and anxiety: Employees who are trained in cybersecurity are less likely to feel stressed or anxious about the risks of cyber attacks, which can improve their overall well-being. Building trust with partners and suppliers: Companies that demonstrate strong cybersecurity practices can build trust with their partners and suppliers. Guess what? Integrated Cyber can help you deploy a cyber training solution OR actively manage your existing software, ensuring you get the maximum value from your investment. Are you not sure what you need to do? Let's talk. You can reach me directly at Kevin.Thomas@Integrated-Cyber.com. I'd be happy to talk - with no sales pressure.

  • The Advanced Persistent Threat - APT

    The bad guys have made spectacular progress in creating penetration mechanisms that far outstrip most company’s’ ability to defend them. They have moved from backroom hackers into government-sponsored activities. Their access to money and resources is far greater than those of most organization’s detection budgets. This has created a widening imbalance between their ability to develop new intrusion techniques and your cost of defending against them. The bad guys are not burdened by your existing infrastructure, application portfolio, and organizational complexity. Also, they are very well organized and focused, while most corporations still have disjointed solutions that have been built in pieces over time with very little central organization. The bad guys are very clever. They know that your systems and staff will be overwhelmed by the sheer volume of alerts from your defense systems, so they set out to bombard your systems to create an overload of “false positives.” That allows them to slip in a piece of malware called an Advanced Persistent Threat (APT). Such technologies are extremely difficult to detect and can sit inside the corporation for years before being activated -- sort of like sleeper cells waiting for orders. Once activated, they have proven to be quite successful in obtaining sensitive information for years without detection, once again by exporting your valuable information very slowly and quietly, unnoticed among all the noise of your normal Internet traffic. APTs require a new approach APTs require much more sophisticated prevention/detection/reaction mechanisms that can evolve with the threats and learn from their activities to help predict future behaviors. This is only possible through the use of solutions that can learn from past and current behaviors and predict future activity. This is the emerging breed of Artificial Intelligence tools, which can recognize the very weak signals of malware among all the noise. Artificial Intelligence is very similar to your own body. Our internal defense mechanisms are designed to recognize external threats (like viruses) and defend against them. These defense mechanisms continue to learn and evolve. A key component of AI’s capability is anticipating future intrusions. By utilizing the learnings from past activity trends, AI will evolve into a predictive tool, using all the power and sophistication of “Big Data” analytics in use today. This is the focus of much R&D activity in the cybersecurity product companies. Integrated Cyber has deployed IC360, an Operating System that is orchestrated and automated by our advanced Security Orchestration, Automation & Response (SOAR) software connected to leading-edge auto-containment and auto-remediation modules. The solution covers the entire framework of the internationally accepted ISO27001, NIST 800-53 and the Cyber Security Capability Maturity Model (C2M2) by incorporating the Cyber Standards and Stages of Assess; Prevent; Detect; React; and Remedy. IC360 is a hybrid of machine intelligence and human intelligence. It is a unique cybersecurity operating system that uses machine reasoning, machine learning, robotic process automation, and context fusion. It creates the most sophisticated cyber oversight capability available by providing 360-degree coverage of all threat aspects. Contact us today to discuss how the IC360 Operating System can protect you from APTs and more in today’s hostile environment.

  • How Cyber Smart Are You - Batch 1

    Do you know how to stay cyber safe? How well can you answer the first 25 cyber questions in our cybersecurity quiz? Don't worry, we won't share your score, unless you want to tell us in the comments below. Anyway, there is nothing to click. Sit back, stream the video and answer out loud. Good luck.

  • 2023-1007 - New Listing - Integrated Cyber Solutions Inc. (ICS)

    le 4 octobre/October 2023 The common shares of Integrated Cyber Solutions Inc. have been approved for listing on the CSE. Listing and disclosure documents will be available at www.thecse.com on the trading date. Integrated Cyber is a managed security service provider (MSSP) that humanizes cybersecurity managed services to the Small-to-Medium Business (SMB) and Small-to-Medium Enterprise (SME) sectors. They integrate capabilities from third-party cybersecurity providers, allowing companies to continuously adapt their services to evolving technologies and providers – ensuring customers have access to the latest cybersecurity solutions. Apart from providing essential cybersecurity services, Integrated Cyber's managed services and IC360 technology platform consolidate vast amounts of information to generate actionable intelligence from the numerous software point solutions within their customer's environments. The results enable simple, understandable, and actionable insights to help customers comprehend and better secure their organization. Integrated Cyber greatly emphasizes the human aspect of cybersecurity management, simplifying complex concepts, and highlighting the crucial role that employee behavior plays in a company's cyber defenses. __________________________ Les actions ordinaires d'Integrated Cyber ​​Solutions Inc. ont été approuvés pour inscription au CSE. Les documents de cotation et d'information seront disponibles sur www.thecse.com à la date de négociation. Integrated Cyber ​​est un fournisseur de services de sécurité gérés (MSSP) qui humanise les services gérés de cybersécurité pour les secteurs des petites et moyennes entreprises (PME) et des petites et moyennes entreprises (PME). Ils intègrent des capacités de fournisseurs de cybersécurité tiers, permettant aux entreprises d'adapter continuellement leurs services à l'évolution des technologies et des fournisseurs, garantissant ainsi aux clients l'accès aux dernières solutions de cybersécurité. En plus de fournir des services de cybersécurité essentiels, les services gérés d'Integrated Cyber ​​et la plate-forme technologique IC360 consolident de grandes quantités d'informations pour générer des renseignements exploitables à partir des nombreuses solutions logicielles ponctuelles au sein des environnements de leurs clients. Les résultats fournissent des informations simples, compréhensibles et exploitables pour aider les clients à comprendre et à mieux sécuriser leur organisation. Integrated Cyber ​​met grandement l'accent sur l'aspect humain de la gestion de la cybersécurité, en simplifiant des concepts complexes et en soulignant le rôle crucial que joue le comportement des employés dans la cyberdéfense d'une enterprise. The Exchange is accepting Market Maker applications for ICS. Please email: Trading@theCSE.com If you have any questions or require further information please contact Listings at (416) 367-7340 or E-mail: Listings@thecse.com Pour toute question, pour obtenir de l’information supplémentaire veuillez communiquer avec le service des inscriptions au 416 367-7340 ou par courriel à l’adresse: Listings@thecse.com

  • Top 10 Cybersecurity Issues Facing The Manufacturing Industry

    Cybersecurity is a critical concern for businesses in the manufacturing sector, including metals, machining, tools, and fabrication companies. As a business leader or IT executive in this industry, protecting your organization from cyber threats should be a top priority. Cyberattacks can result in devastating financial losses, damage to your reputation, and operational disruptions. In this blog, we'll discuss the top 10 cybersecurity issues you should focus on and provide actionable steps to remediate these risks before they impact your company. 1. Phishing Attacks Risk: Malicious actors send deceptive emails to employees, tricking them into revealing sensitive information. In fact, 85% of cyber issues start with your employees. Remediation: Conduct regular (monthly) employee training on identifying phishing attempts and empower them to be the first line of defense. 2. Ransomware Risk: Attackers encrypt your data and demand a ransom for decryption, disrupting operations. Remediation: Maintain up-to-date backups, patch software vulnerabilities, and deploy robust endpoint protection. 3. Weak Passwords Risk: Password-related breaches can occur if employees use weak or easily guessable passwords. Remediation: Enforce strong password policies and consider multi-factor authentication for added security. 4. Outdated Software and Systems Risk: Failure to update software and firmware can leave your systems vulnerable to known exploits. Remediation: Establish a routine vulnerability scanning and a patch management process to keep all systems current. 5. Insider Threats Risk: Employees or contractors with malicious intent or negligence can compromise security. Remediation: Implement robust access controls and monitor user activities for suspicious behavior. 6. Supply Chain Vulnerabilities Risk: Cyberattacks can originate from vulnerabilities in your supply chain partners. Remediation: Assess and ensure the cybersecurity measures of your suppliers and partners. 7. IoT Device Security Risk: Connected Internet of Things (IoT) devices in manufacturing can be exploited if not properly secured. Remediation: Implement strong authentication, encryption, and regular vulnerability assessments for IoT devices. 8. Data Privacy Compliance Issue: Failure to comply with data protection regulations can result in fines and reputational damage. Remediation: Understand and adhere to relevant data privacy laws, and regularly audit data handling practices. 9. Employee Awareness Risk: Employees may inadvertently compromise security due to a lack of awareness. Remediation: Regularly train staff on security best practices and conduct awareness campaigns. 10. Incident Response Plan Risk: Lack of a clear plan can lead to chaos during a cyber incident. Remediation: Develop and test an incident response plan to minimize downtime and data loss in case of an attack. In the ever-evolving landscape of cybersecurity, staying proactive and vigilant is vital. By addressing these top 10 cybersecurity issues, you can significantly reduce the risk of cyberattacks and protect your manufacturing business. Cybersecurity is an ongoing process, and regularly updating your defenses is crucial to staying ahead of cyber threats.

  • Penetration Testing vs. Vulnerability Scans

    In today's digital landscape, where cyber threats are becoming increasingly sophisticated, you must prioritize the security of your networks and data. Two crucial elements of a comprehensive cybersecurity strategy are penetration testing and vulnerability scanning. While often mentioned separately, these techniques are closely related and should be considered together. This article will explore the importance of penetration testing, its key differences from vulnerability scanning, and how it contributes to a strong security posture. Understanding Penetration Testing Penetration testing, often called pen testing, is a proactive approach to identifying vulnerabilities in your systems and networks. It involves simulating real-world cyber attacks to exploit weaknesses and assess the effectiveness of your existing security measures. Unlike vulnerability scanning, which focuses on identifying known vulnerabilities, penetration testing goes further by actively attempting to breach your system. Penetration testing aims to uncover potential security gaps and provide actionable insights for improving your overall security posture. It helps you understand your vulnerabilities from an attacker's perspective. It enables you to prioritize and address the most critical risks. Penetration testing is typically conducted by skilled security professionals who deeply understand various attack techniques and methodologies. The Benefits of Penetration Testing Identifying Unknown Vulnerabilities: While vulnerability scanning can uncover known vulnerabilities, penetration testing can reveal unknown weaknesses in your systems. This is crucial because attackers often leverage previously undiscovered vulnerabilities to gain unauthorized access. Assessing Defense Effectiveness: Penetration testing allows you to evaluate the effectiveness of your existing security controls, such as firewalls, intrusion detection systems, and access controls. You can determine if your defenses can withstand sophisticated attacks by simulating real attacks. Mitigating Risks: Penetration testing provides actionable insights to mitigate your identified risks. The results of a penetration test can be used to prioritize remediation efforts, allocate resources effectively, and implement appropriate security measures to protect your critical assets. Meeting Regulatory Requirements: Many industry regulations and compliance frameworks, such as PCI DSS and HIPAA, require regular penetration testing as part of an organization's security program. By conducting penetration tests, organizations can demonstrate compliance with these regulations and ensure the protection of sensitive data. Enhancing Reputation and Customer Trust: Proactively conducting penetration tests demonstrates your organization's commitment to security and the protection of customer data. This can enhance an organization's reputation and build customer, partner, and stakeholder trust. Key Differences between Penetration Testing and Vulnerability Scanning While penetration testing and vulnerability scanning are interconnected, there are significant differences between the two techniques. Understanding these differences is essential for you to develop a comprehensive cybersecurity strategy. Scope and Depth of Analysis Vulnerability scanning typically involves scanning an your network for known vulnerabilities and misconfigurations. It provides a high-level overview of your security posture and identifies potential weaknesses. On the other hand, penetration testing focuses on actively exploiting vulnerabilities to evaluate the effectiveness of security measures. It goes beyond scanning and aims to simulate real-world attacks. Skill Level and Expertise Vulnerability scanning can often be performed by analysts trained in the use of scanning tools and basic networking concepts. It does not require the same level of expertise as penetration testing. Penetration testing requires highly skilled security professionals with in-depth knowledge of various attack techniques and methodologies. These professionals must have the ability to think like attackers and anticipate their behaviors. Frequency and Cost Vulnerability scanning can be automated and conducted more frequently, even on a regular basis. It has a lower cost compared to penetration testing, making it more accessible for organizations with limited resources. Penetration testing, on the other hand, is more resource-intensive and costlier. It is typically conducted less frequently, often once or twice a year, depending on the organization's needs and industry requirements. Targeted Approach Vulnerability scanning typically scans all assets in an your network, providing a broad overview of vulnerabilities. Penetration testing, on the other hand, takes a targeted approach and focuses on critical assets. It aims to identify weaknesses that could have the most significant impact on your if exploited. Reporting and Remediation Vulnerability scanning generates reports that list identified vulnerabilities, their severity, and recommendations for remediation. These reports provide you with a baseline understanding of vulnerabilities and assist in prioritizing remediation efforts. Penetration testing reports, on the other hand, go beyond listing vulnerabilities. They provide a detailed analysis of how vulnerabilities can be exploited, the potential impact of the exploits, and recommendations for improving the organization's security posture. The Role of Penetration Testing in Cybersecurity Penetration testing plays a vital role in an organization's cybersecurity strategy. It goes beyond vulnerability scanning to provide a deeper understanding of an organization's security weaknesses and the effectiveness of its defenses. Organizations can identify and address vulnerabilities by simulating real-world attacks before malicious actors exploit them. Penetration testing helps you stay ahead of emerging threats, meet regulatory requirements, and enhance your overall security posture. It provides valuable insights for prioritizing remediation efforts, allocating resources effectively, and demonstrating a commitment to security and customer trust. Incorporating penetration testing into a comprehensive cybersecurity program is essential for you to protect your networks, data, and reputation in today's ever-evolving threat landscape. By working hand in hand with vulnerability scanning and other security measures, penetration testing can significantly strengthen your defenses and mitigate the risks of cyber attacks.

  • Why Should I do a Vulnerability Assessment?

    Vulnerability assessments might not be the flashiest part of your cybersecurity strategy. Still, they're like the foundation that holds everything else up. They help you strengthen your defenses, preserve your reputation, and stay ahead of the ever-adaptive threats. Remember, just like we care for physical safety, digital safety deserves the same attention and care. Stay vigilant, keep those vulnerabilities in check, and you'll be well on your way to a safer digital journey. We'd love to provide you insight into what we're seeing and provide you with insight into what you can do moving forward.

  • Top Routinely Exploited Vulnerabilities of 2022 

    CISA, NSA, FBI, and International Partners Release Joint CSA on Top Routinely Exploited Vulnerabilities of 2022 The U.S. Cybersecurity and Infrastructure Security Agency (CISA), National Security Agency (NSA), Federal Bureau of Investigation (FBI), and international partners are releasing a joint Cybersecurity Advisory (CSA), 2022 Top Routinely Exploited Vulnerabilities. This advisory provides details on the top Common Vulnerabilities and Exposures (CVEs) routinely exploited by malicious cyber actors in 2022, and the associated Common Weakness Enumeration(s) (CWE), to help organizations better understand the impact exploitation could have on their systems. International partners include: Australian Signals Directorate’s Australian Cyber Security Centre (ACSC), Canadian Centre for Cyber Security (CCCS), New Zealand National Cyber Security Centre (NCSC-NZ), New Zealand Computer Emergency Response Team (CERT-NZ), and the United Kingdom’s National Cyber Security Centre (NCSC-UK), and the United Kingdom’s National Cyber Security Centre (NCSC-UK). The authoring agencies urge all organizations to review and implement the recommended mitigations detailed in this advisory. The advisory provides vendors, designers, and developers recommendations on implementing secure-by-design and -default principles and tactics to reduce the prevalence of vulnerabilities in their software and end-user organizations’ recommendations to reduce the risk of compromise by malicious cyber actors. Organizations should share information about incidents and unusual cyber activity with their respective cybersecurity authorities because when cyber incidents are reported quickly, it can contribute to stopping further attacks. In the U.S., organizations should inform CISA’s 24/7 Operations Center at report@cisa.gov or (888) 282-0870, or an FBI field office. Visit the online announcement: https://www.cisa.gov/news-events/cybersecurity-advisories/aa23-215a

  • Ransomware Hits the Hospital for Sick Children in Toronto

    The Hospital for Sick Children in Toronto says most of its priority systems are back after a ransomware attack affected its operations. Dr. Ronald Cohn, president and CEO of SickKids, said in a release Thursday that about 80 per cent of the hospital's priority systems have been restored. He said the cyberattack that began on Dec. 18 was dealt with relatively quickly with minimal disruptions to patients and families. On Saturday, LockBit, a ransomware group the U.S. Federal Bureau of Investigation has called one of the world's most active and destructive, issued a brief apology and offered SickKids a free decryptor to unlock its data. Cohn says the hospital did not use the decryptor, it has not paid any ransom and its technology team is working to restore the remaining systems. Most teams no longer using downtime procedures He says patients and families are unlikely to experience any significant impacts to their care and most of the hospital's clinical teams are no longer using downtime procedures. "I am very thankful that we have been able to call the Code Grey All Clear relatively quickly with minimal disruptions to patients and families," Cohn said. Toronto's Hospital for Sick Children takes down websites over 'unusual activity' Hospital for Sick Children says it's 'aware' of online statement offering free decryptor "Without the extremely hard work of our staff and expertise of external advisers over the holidays, we would not have been able to lift the Code Grey as efficiently as we have. "I want to express my deepest gratitude and thanks to our staff, patients, families and community partners for their patience and support, as well as the broader community for the overwhelming offers of assistance and expertise over the past two weeks." Arrest made in October for participation in group Cohn said the investigation into what happened is ongoing. He said the hospital called the Code Grey when the cybersecurity attack was first discovered on Dec. 18 and initiated its plan to deal with it, including consulting third-party cybersecurity experts. Cohn said the hospital's electronic medical records were not affected. LockBit has been connected to recent cyberattacks on municipalities in Ontario and Quebec, experts say, and a Russian-Canadian citizen was arrested in October for his alleged participation in the group. U.S. officials allege the group has made at least $100 million in ransom demands and extracted tens of millions from victims.

  • US Government Cybersecurity Priorities for FY2025

    Administration Releases Cybersecurity Priorities for FY 2025 Budget The Biden administration has released a memorandum outlining its cybersecurity investment priorities for the fiscal year 2025 budget. The memorandum, issued by the Office of Management and Budget (OMB) and the Office of the National Cyber Director (ONCD), identifies five key areas where the administration is seeking to make investments: Defending critical infrastructure. The administration plans to invest in measures to protect critical infrastructure from cyberattacks, such as power grids, water systems, and transportation networks. Disrupting and dismantling threat actors. The administration will also invest in efforts to disrupt and dismantle malicious cyber actors, such as those responsible for ransomware attacks. Shaping market forces to drive security and resilience. The administration will work to encourage the private sector to develop and adopt security and resilience measures. Investing in a resilient future. The administration will invest in research and development to develop new cybersecurity technologies and capabilities. Forging international partnerships to pursue shared goals. The administration will work with international partners to share information and best practices on cybersecurity. The memorandum also calls on agencies to submit their FY 2025 budget requests under these priorities. OMB and ONCD will review the submissions and provide feedback to agencies on how they can better align their investments with the administration's priorities. The release of this memorandum is a significant step forward in the Biden administration's efforts to improve the nation's cybersecurity posture. The priorities outlined in the memorandum are comprehensive and address the full range of cybersecurity challenges facing the United States. The administration's commitment to these priorities is a welcome sign that it is taking cybersecurity seriously. In addition to the five key areas outlined in the memorandum, the administration also highlighted several other cybersecurity priorities, including: Modernizing federal defenses. The administration plans to invest in modernizing the federal government's cybersecurity infrastructure. This includes upgrading systems and networks, implementing zero-trust security principles, and improving incident response capabilities. Securing the software supply chain. The administration is also committed to securing the software supply chain. This includes working with the private sector to develop and adopt secure software development practices. Building a more resilient workforce. The administration plans to invest in building a more resilient cybersecurity workforce. This includes providing training and education to federal employees and working with the private sector to develop a pipeline of cybersecurity talent. The administration's release of these cybersecurity priorities is a positive step forward. The priorities are comprehensive and address the full range of cybersecurity challenges facing the United States. The administration's commitment to these priorities is a welcome sign that it is taking cybersecurity seriously. How You Can Help You can do several things to help improve the nation's cybersecurity posture. These include: Stay informed about cybersecurity threats. The best way to protect yourself from cyberattacks is to be aware of the latest threats. You can stay informed by reading cybersecurity news and following cybersecurity experts on social media. Use strong passwords and two-factor authentication. This is one of the most basic things you can do to protect your online accounts. Keep your software up to date. Software updates often include security patches that can help protect you from vulnerabilities. Be careful what you click on. Phishing emails and malicious websites are common ways cybercriminals access your devices. Be careful what links you click on and what attachments you open. Back up your data. This is important in case your devices are compromised. By taking these steps, you can help protect yourself and your organization from cyberattacks.

  • New McKinsey survey reveals $2 trillion market opportunity for cybersecurity providers

    New survey reveals $2 trillion market opportunity for cybersecurity technology and service providers" by McKinsey: Cyberattacks are on the rise, and the damage they cause is only getting worse. In 2025, damage from cyberattacks is expected to reach $10.5 trillion annually, a 300% increase from 2015 levels. This growing threat creates a huge market opportunity for cybersecurity technology and service providers. The report highlights: The global cybersecurity market is expected to reach $2 trillion by 2025. The market is driven by the increasing digitization of businesses and the growing sophistication of cyberattacks. The top four cybersecurity priorities for businesses are: Protecting data from unauthorized access Mitigating the risk of data breaches Ensuring the availability of critical systems Reducing the cost of cybersecurity The cybersecurity industry is ripe for disruption. New technologies, such as artificial intelligence and machine learning, are creating new opportunities for businesses to improve their cybersecurity posture. The cybersecurity industry is facing several challenges, including: The increasing complexity of cyberattacks The shortage of skilled cybersecurity professionals The lack of cooperation between businesses and governments Despite these challenges, the cybersecurity industry is poised for growth. Businesses are increasingly realizing the importance of cybersecurity and are willing to invest in the latest technologies to protect themselves from cyberattacks. The cybersecurity market is a huge and growing opportunity. Businesses that are able to capitalize on this opportunity will be well-positioned for success in the years to come. Read the full report: https://www.mckinsey.com/capabilities/risk-and-resilience/our-insights/cybersecurity/new-survey-reveals-2-trillion-dollar-market-opportunity-for-cybersecurity-technology-and-service-providers

  • Cybercrime costs Canadian companies billions of dollars each year

    The average cost of a cyber incident for small businesses is $250,000. A new report from the Information and Privacy Commissioner of Canada (IPC) found that cybercrime cost Canadian businesses an estimated $3.7 billion in 2021. The report, titled "Cybercrime in Canada: The Impact on Businesses," found that the average cost of a cyber incident for Canadian businesses was $1.2 million. The report also found that cybercrime is becoming more sophisticated and targeted, with criminals increasingly using ransomware to extort money from businesses. Ransomware is a type of malware that encrypts a victim's data and demands a ransom payment in order to decrypt it. The IPC report made many recommendations to help businesses protect themselves from cybercrime, including: Investing in cybersecurity measures, such as firewalls and antivirus software. Training employees on how to identify and report suspicious emails and websites. Having a plan in place to respond to a cyber incident. The report also called on the federal government to do more to address cybercrime, such as by providing financial assistance to businesses that are victims of cybercrime. Here are some additional key points from the article: The number of cyber incidents reported to the IPC increased by 30% in 2021. The most common types of cyber incidents reported to the IPC were phishing attacks, data breaches, and ransomware attacks. Small businesses are more likely to be victims of cybercrime than large businesses. The average cost of a cyber incident for small businesses is $250,000. The IPC report highlights the growing threat of cybercrime to Canadian businesses. Businesses of all sizes need to take steps to protect themselves from cybercrime, as the cost of a cyber incident can be significant. Integrated Cyber is here to help.

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