Federal government launches cybersecurity certification program for SMBs

IT World Canada | August 12, 2019

Federal government launches cybersecurity certification program for SMBs
The federal government on Monday launched the long-awaited cybersecurity certification for small and mid-sized businesses in hopes of increasing the attention SMBs pay to cybersecurity as well as increasing the confidence of online shoppers who buy from Canadian sites. The CyberSecure Canada program allows organizations to prove to a certification body approved by the Standards Council of Canada that they meet certain minimum standards. Those that pass are entitled to use a logo on websites and promotional material attesting that they have met the standard. They will also be listed in a searchable registry available for consumers and partners. The program is tailored specifically for SMBs (up to 499 employees) because they have fewer IT resources, and they account for a significant number of data breaches. According to StaySafeOnline.org, which is overseen by Public Saftey Canada, 71 per cent of data breaches happen to small businesses. It figures nearly half of all Canadian small businesses have been the victim of a cyberattack.

Spotlight

According to data collected by CDW for a post on FinTalk blog, stock exchanges, broker-dealers and advisers have all fallen victim to cyberattacks. In fact, hackers have stolen 500 million financial records over the past 12 months, costing firms an average of $200 per record. some financial services organizations are bringing in reinforcements; 48 percent are recruiting cyber risk experts, while 36 percent are employing fraud experts. Boards of directors are also getting involved in risk oversight with hopes of minimizing vulnerabilities and attacks.For more information on the importance of cybersecurity, check out the full capital markets infographic below.

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When Safeguarding Digital Communications,IT Security Leaders Come Across Continued Vulnerabilities

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Spotlight

According to data collected by CDW for a post on FinTalk blog, stock exchanges, broker-dealers and advisers have all fallen victim to cyberattacks. In fact, hackers have stolen 500 million financial records over the past 12 months, costing firms an average of $200 per record. some financial services organizations are bringing in reinforcements; 48 percent are recruiting cyber risk experts, while 36 percent are employing fraud experts. Boards of directors are also getting involved in risk oversight with hopes of minimizing vulnerabilities and attacks.For more information on the importance of cybersecurity, check out the full capital markets infographic below.