Businesses of all sectors and sizes use digital technologies to store confidential information, from employees’ personal credentials to customers’ credit card numbers—and that’s just the beginning. Unfortunately, handling sensitive data always poses a security risk, since business owners and their employees are responsible for protecting it from leaks and breaches.
It’s no secret that the spaces in which we live and work are becoming increasingly connected and digitized. A key aspect of this transformation has been the ever-growing slew of “smart devices” in our homes and businesses, whether they be televisions, thermostats, digital assistants, or fitness trackers—among many others.
There’s no question that social media platforms have transformed how we share information about ourselves and our businesses. It is estimated that 2 billion people worldwide have at least one social media account, with the average web user spending two hours per day browsing networking websites such as Facebook, Twitter, Instagram, and LinkedIn. In addition to helping us connect with family and friends from all over the world, establishing a brand presence on these websites has become an integral part of consumer outreach, business networking, and marketing operations for industry professionals across all sectors.
Ransomware attacks continue to grab headlines in Canada and across the globe every week, targeting organizations in education, healthcare, financial services, and everything in between. In its most basic sense, ransomware is a type of malware that encrypts data so it cannot be accessed until a set ransom amount has been paid by the victim, often in the form of a cryptocurrency called Bitcoin.
It’s no secret that new cybersecurity threats are emerging every day, while familiar ones wreak new kinds of havoc for businesses and individual web users. In response, governments from across the globe have been implementing regulations, such as the far-reaching European Union General Data Protection Regulation (GDPR), that prescribe uniform cybersecurity standards for organizations across all sectors.
It seems that every day we see another headline announcing that a prominent company or public organization has been compromised by a cybersecurity breach, losing sensitive data, public trust, and hundreds of thousands (or even millions) of dollars in the process.