Are you ready for new PIPEDA compliance requirements? Canada’s Personal Information Protection and Electronic Documents Act (PIPEDA) is strengthening its policy with an amendment going into effect November 1, 2018.
All month long, we’ve been sharing daily tips for Cybersecurity Awareness Month. We have gathered here some that we feel are most important to keeping your organization safe.
Use Strong Passwords
Looking for a way to make passwords that are easy to remember but are not breakable? Try a phrase or sentence that you’ll remember that is at least 12 or more characters long. To really strengthen your protection, add multifactor authentication. And remember to keep your passwords secure.
Apply Multifactor Authentication (MFA)
A password just isn’t enough anymore. MFA makes it virtually impossible for someone to hack into a user’s devices, the network, or a database.
Back Up Your Data Regularly
It is much more cost-effective and efficient to have replication and cloud backup services, rather than paying a ransom and working to decrypt infected files. Create an effective data disaster recovery plan with our guide for creating a backup and disaster recovery plan.
Patch and Update Regularly
Organizations that postpone patching or don’t have a team dedicated to keeping their applications and operating systems up to date risk ignoring vulnerabilities that invite hackers.
Stay Updated on Current Threats
Being proactive can save you a lot – in terms of money, time, and customers. But you can’t be expected to know about every new threat. That’s why layers of security and monitoring, managed with the support of a strong IT security partner, is essential.
Develop a Proactive Approach to Your Compliance and Cybersecurity
When you wait for network processes to slow down or for something to go wrong with your IT infrastructure before you invest in upgrades, you are forced into a costly cycle of repairs that prevents you from investing in up-to-date cybersecurity safeguards and getting ahead. When you work with an MSP, they constantly monitor the state of your infrastructure and network, heading off issues and replacing equipment before it stops your business from operating. The difference between proactive IT and reactive IT can be measured in the thousands of dollars. Act now to protect your business.
Work with a Trusted IT Vendor
Cybersecurity is a major global concern as technology improves connectedness, furthering opportunities for both digital growth and malicious attacks. New research shows that most Canadians see cybercrime as a threat to the overall country, and they aren’t wrong. However, despite the fact that Canadians are concerned about cyberscurity and view cybercrime as an internal threat greater than other global challenges, such as terrorism and human trafficking, few people trust that the people who have access to their data are doing everything they can to mitigate risk.
The public wants to trust technology.
As technology becomes an integral part of our lives, there is growing concern that protection against cyber criminals is not what it should be. There are data breaches virtually every day, with businesses frequently coming forward to admit that private data has been lost. This impacts millions within the country, exposing citizens to risk of identity theft, damaging the economy, and confirming that cybersecurity is more important than ever. The trust erosion is significant.
Who is responsible for preventing cybercrime?
Should cybersecurity be a government-mandated industry? Legislation like GDPR holds businesses more accountable when in possession of private data and offers citizens more rights in regard to their private information. In Alberta, medical and dental practices are required to comply with the Health Information Act and submit a Privacy Impact Assessment. However, in many ways, cybersecurity is treated as an isolated risk, as if a data breach on a single device is not capable of affecting overall society. Unfortunately, that is not the case. A single click by one employee could crash an organization’s entire infrastructure, or one home device could grant access to financial networks. Cybersecurity is a societal concern and Canadians are noticing.
Why is cybersecurity important to individual citizens?
A strong cybersecurity strategy prevents more than financial loss for small-, medium-, and large-sized businesses. Once privacy and trust are lost, they are difficult, if not impossible, to regain. Identity theft could damage an individual’s life permanently, and family-owned businesses could face bankruptcy in the event of a data breach. By impressing the importance of cybersecurity upon individual citizens, the risk of cybercrime can be reduced across the board. By adopting best cybersecurity practices in personal and professional realms, prevention simply becomes a way of life. Like buckling up before you put your car in drive, the government can establish cybersecurity programs that promote good habits that will mitigate risk.
Cybersecurity is essential to the entire country.
Managed service providers can assist businesses in establishing the best strategy for their needs, and individuals can be more mindful of how they use technology. The role that authorities will play has yet to be determined, because cybercrime is continuously evolving. Eventually, legislation will have to be implemented to help both businesses and individuals protect their private information, and everyone will need to be mindful of how technology advances.
The ITeam understands the cybersecurity issues facing Canada businesses. We are committed to helping Calgary- and Alberta-based businesses develop proactive, cost-effective IT strategies that minimize risk, maximize efficiency, and build trust with Canadian citizens. Contact us to learn more.
Call centers are often on the frontline for an organization’s consumer base; therefore, protecting customer data is a crucial task that requires preventing call center fraud.
The world is connected to a variety of diverse digital landscapes, ranging from app usage to credit cards, and this level of connectivity is such that it is unwise for any organization to ignore global cybersecurity risks.
Regardless of industry, every organization is at risk of malicious attempts to enter a private security network, and the location is irrelevant.
The Equifax breach is an excellent example: Although the cyber attack predominantly affected those in the US, millions in Canada were susceptible to the breach as well.
All businesses must prepare against the inevitability of malicious cyber attacks, particularly as technology continues to advance on a global scale.
Organizations aren’t prepared for GDPR
Despite advanced warnings regarding the implementation of new cybersecurity standards, many organizations are still unsure of how to manage changes that will ensure compliance with the EU’s General Data Protection Regulation (GDPR).
The new regulation – scheduled to take effect on 25 May 2018 – demands that organizations handle personal data differently, but how those organizations ensure compliance is another matter entirely.
Resources are being pulled in different directions, and time will need to be set aside to educate stakeholders.
This primarily affects those businesses that engage in international trade, and an understanding of what is necessary to comply with the GDPR will help enhance cybersecurity when doing business with international clients.
The Internet of Things (IoT) poses a threat
Concerns surrounding the level of security among IoT devices has been discussed many times, but there is little forward progress in addressing the problem.
Although such devices add a level of convenience, they could provide the opening that a hacker needs to gain access to sensitive information.
Organizations that utilize IoT devices without the proper security infrastructure are susceptible to unmanaged risks, as it will become harder to track what – and how – information is transferrable.
IoT compromises security and no organization is immune.
The supply chain remains a weakness
Many organizations have a firm grip on their own cybersecurity practices, but knowledge of the existing infrastructure of third-party vendors is not as common.
Hackers are capable of taking advantage of this weakness in the supply chain, thereby gaining access to your IT infrastructure.
Unfortunately, when it comes to global business, the supply chain is a critical component of a successful operation.
Organizations must address the security risks between their international suppliers and take proactive measures that will prevent or at least minimize breaches.
The advance of breakthrough technology surpasses security spending
One of the most prominent concerns relating to international cybersecurity is the global tech war.
Individual countries are determined to produce the best in technological advances, without addressing security concerns applicable to those devices or systems.
Information security teams are expected to keep up with such developments, but the development of a robust cybersecurity strategy takes time.
Risks must be assessed holistically within the organization to close any gaps that hackers could leverage.
Stakeholders are demanding results, but they must understand that the best technology will pose a threat to the entire business if the end result is not secure.
International preparedness is the only way to mitigate international security risks. Individual organizations are only single elements of the global economy, and in a digital world, there are virtually no limits to the damage a single breach can cause. Malicious cyberattacks are an international concern, particularly as criminal organizations become more prominent. The international sharing of technology can boost the world economy, but the cybersecurity risks will grow as well.
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