#CyberFLASH: Canadian companies far from cyber-security ready

gv_20140408_biv0108_140409938.jpg__0x400_q95_autocrop_crop-smart_subsampling-2_upscaleA recent survey of 2,200 companies across 18 countries found that Canadian companies are some of the world’s least equipped to deal with cyber threats.

The study ranks 18 countries based on the percent of business that are adopters of effective modern cyber security procedures and technology. On a list of 18 Canada was No. 15, beating only the Netherlands, Japan and the United Arab Emirates.

“We’re moving from theft, which is costly, to potential catastrophe,” Steve Duplessie, founder and senior analyst at computer consulting firm Enterprise Strategy Group, said in a press release. “There are forces at play now that aren’t satisfied with just stealing your money, they want to destroy your entity. You can either start taking these threats seriously, or start looking for a hole to crawl into. Ignorance is no longer bliss.”

The technology market research firm Vanson Bourne was contracted by the data storage company EMC to perform the study. Vanson Bourne surveyed 100 Canadian companies and found that the majority were “laggards” when it comes to adopting cyber security technologies.

Vanson Bourne found that 52% of Canadian companies surveyed had suffered unplanned system downtime some time over the last 12 months. On average, the unplanned downtime cost Canadian companies $414,000 per incident.

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