As tax season approaches, accountants face a dual challenge—juggling time-sensitive responsibilities and fortifying defenses against rising cyber threats. Insecure data transfers, lax password practices, and the underuse of Two-Factor Authentication (2FA) underscore the imperative for a resilient cybersecurity strategy in the accounting profession.
Data breaches cost Canadian businesses an average of $6M, according to a 2023 Mastercard study, but for most accounting professionals, this is an astronomical cost that constitutes an existential risk. With an average detection time in excess of 200 days, accountants lack the time and resources to identify and react to data breaches before it’s too late.
With the recent surge in open banking initiatives, the burgeoning fintech sector witnessing unprecedented growth. However, this rapid expansion poses significant risks. Recognizing these challenges, Datarisk Canada has introduced fintechsecurity.ca, a specialized resource to empower Canadian fintech and mitigate the risks associated with open banking.
Dive into our Media Cybersecurity Briefing’s latest insights, lauding the efforts of the Royal United Services Institute and the National Cyber Security Centre in exposing the ransomware menace. Consider this: How do the hidden consequences extend beyond financial losses to pose serious security threats?
Cyberfraud is a serious problem that affects millions of people worldwide. The Canadian Anti-Fraud Centre (CAFC) has released the latest statistics on cyberfraud losses in Canada and abroad for 2023. This article outlines three shocking facts that will make you rethink your online security and awareness.
High-quality cybersecurity news is hard to come by these days.
Headlines are cluttered with doom and gloom fear-mongering, demanding your attention with urgently catastrophic titles.
Data breaches and cyber threats are increasingly common, implementing comprehensive security standards in your company is not just good practice—it’s a necessity. A standardized security program provides a robust, consistent defense against threats and complies with international regulations, boosting your company’s credibility and fueling growth.
In a world increasingly vulnerable to cyber threats, Incident Response Testing (TTX) is a vital defensive strategy for businesses of all sizes. This blog post explores the benefits of TTX, its key phases, tools that supplement incident response, and the roles involved in a successful cybersecurity simulation.
Discover Canada’s largest group of cybersecurity brands and online properties.
Explore Canada’s most diverse range of risk assessments and cybersecurity audits.
