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Discussions on Human Resources, Employment Law, Payroll and Internal Controls

cyber attack

By | 4 Minutes Read

Plenty of phishing going on

Data breaches costed companies $4.24 million per incident on average–the highest cost in the 17-year history of the report. It turns out that security incidents became more costly (10 percent more than last year) and more difficult to contain due to drastic operational shifts during the pandemic.

By | 3 Minutes Read

Emerging developments in ransomware

Instances of ransomware have exploded in the past five years. In 2020 alone, it is estimated that the total cost to Canadian organizations in paid ransoms and lost productivity was US$4 billion.

By | 4 Minutes Read

IIROC Publishes Notice Regarding Ransomware Attacks

The Investment Industry Regulatory Organization of Canada has published a Cybersecurity Notice on Ransomware, which flags a recent uptick in ransomware attacks on IIROC firms and provides guidance on how IIROC firms should prevent, detect, respond to and recover from ransomware attacks.

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