Magnet Forensics is a Canadian cybersecurity firm that develops digital investigation software is looking to raise $90 million by offering an initial public offering (IPO) on the Toronto Stock Exchange. The digital forensics investigation software is used by digital forensics specialists and has been used by over 4000 organizations and agencies in over 90 countries.
A research study conducted by TalentMLS looked at cybersecurity habits of about 1200 workers. Here are some of the findings:
Despite the familiarity with technology of the younger age group, they still performed worse than the slightly and much older age groups. Overall, the understanding from this survey is that organizations still need to put more effort into training employees, creating cybersecurity awareness and helping people better recognize threats.
As we adopt to new technologies, the risk continues to increase. At the Ontario General Contractors Association’s Educate Me! virtual symposium’s panel, the Digital Transformation of the Construction Industry and how Cyber Risk will Change your Business, speakers touched on ransomware, remote work, and better education and training for staff.
This idea that cyber criminals go after big companies only is false. Yes, they are going after the bigger companies but they also attack smaller companies who don't have the resources, knowledge or infrastructure. Cybersecurity is not only the responsibility of the IT department, rather every employee's.
Protecting your company from cyber criminals isn't just to protect your reputation, but your customers' too. Companies are seeing a shift where customers ask about the company's security framework and protections so they know whether their data will be safe or not.
“You need a breach coach or a data privacy lawyer, you need a forensic partner and you need a ransom first responder and maybe a crisis communication firm should you want to issue a press release or talk to your clients,” said Ruby Rai, cybersecurity leader at Marsh Canada. “I always advise our clients to have their numbers at home because when systems go down and you’re not able to access your emails, you can’t access your incident response plan either.”
According to a recent survey by HSB, motorists are worrying about the cybersecurity of their connected vehicles. The survey found that 37 percent of consumers who responded were somewhat or very concerned about the cyber security and safety of connected and automated vehicles.
35 percent also feared that a virus, hacking incident or other cyber attack could damage or destroy their vehicle’s data, software or operating systems.
“Our cars are more connected than ever,” said Timothy Zeilman, vice president for HSB, a provider of cyber insurance and services. “It’s hard for consumers to keep up with rapidly evolving vehicle technology and they wonder if their privacy and personal information is protected.”
As technology advances, people are not only worried about their cars or connected devices being hacked, but also controlled remotely.
People reported that the most worrisome thing about a cyber attack on their vehicle would be a hacker talking to them over the audio system and demanding a ransom payment.