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.
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.
