Each year heralds a new wave of cybersecurity challenges, and with the current advancements in quantum computing, cloud platforms, and online workplaces, 2024 is set to have its fair share. It's therefore essential for your business to stay ahead of these threats by implementing best practices and preparing accordingly.

Contrary to popular belief, cybersecurity incidents often aren't the work of highly sophisticated hacking techniques alone, but rather, they are due to simple mistakes like weak passwords or clicking on malicious links. This means cybersecurity is not just the sole responsibility of the IT department or security experts; it concerns every employee in an organization.

With cybercrimes reaching new heights each year, it pays to invest in high-quality cybersecurity solutions. But could these solutions be out of reach for some businesses? In this guide, we examine both the financial and practical costs of cybersecurity, and why the returns it offers can ultimately outweigh the initial expenses.

These days, cybersecurity isn’t the sole responsibility of IT departments; it’s a collective effort involving every employee. According to Verizon's 2023 Data Breach Investigations Report, 74% of breaches involved the human element, such as misuse, social engineering attacks, and simple errors.

Ransomware has become a pervasive threat to modern business, accounting for over 236 million attacks in the first half of 2022 alone. For those who don’t know, ransomware encrypts your systems and data unless you pay a ransom, usually in an untraceable cryptocurrency such as Bitcoin.

Ransomware attacks are becoming more frequent and expensive, dealing irreparable damage to businesses of all sizes and industries by encrypting data and rendering it inaccessible until a ransom is paid to the perpetrator.

But while ransomware is a formidable foe, mitigating its impact is possible with early threat detection and swift response.

The interconnectivity of today’s business landscape has given rise to an increasingly common form of cybercrime: business e-mail compromise (BEC) schemes. BEC involves exploiting the trust of company employees and manipulating them into participating in fraudulent activities or transactions.

Email is one of the most important tools for running a successful business, but it can also put your company at risk if you don’t take its security seriously. If your email system is compromised, not only can your confidential information be misused, but your entire IT infrastructure can be taken over by malicious actors.

It's no secret that businesses, regardless of industry or size, are under constant attack from cyberthreats. As such, you need to have a robust cybersecurity strategy to protect your company from these threats. However, creating one can be difficult if your business doesn’t have the resources or expertise.

Canada's cybercrime landscape is teeming with ransomware attacks, phishing schemes, data breaches, and a plethora of fraudulent activities, which means that, unfortunately, individuals and businesses are constantly at risk of being attacked.

This begs the question: what makes Canada-based businesses an attractive target to malicious actors? Here are some factors.