#CyberFLASH: Cyber crime puts Canadian execs on high alert in 2015

3e8bbf09abde7c2cb8cd80f03584f864Intended or not, the full impact of the recent cyber attack on Sony Pictures Entertainment has now gone well beyond the walls of a single, lavish boardroom in sunny California.

The headline-grabbing hack certainly sent Sony’s reputation into a spiral after a series of embarrassing emails between company executives and its A-list clients were made public.

Three months later, the company continues to struggle to cap the fallout, while nervous corporate leaders around the world watch the situation carefully and worry about who will be next.

Canadian companies are no exception. A new report by KPMG tracking audit trends in 2015 suggests companies on this side of the border are taking cyber security and reputation risk management more seriously than ever before.

Security “is a very real threat to really any organization of any size these days,” saysPaul Hanley, an advisory partner and KPMG cyber security leader in Toronto, in an interview with Yahoo Canada Finance.

“All organizations have data. It could be your trade secrets, client names, client lists – there is a whole world of sensitive data out there and there is going to be somebody, somewhere that is going to want to get hold of it,” Hanley says.

Among the coming changes, companies (those that haven’t done so already) are expected to begin beefing up corporate networks and systems to limit exposure of sensitive corporate information and prevent it from falling into the hands of cyber criminals, and even corporate competitors.

Read more here

About canux
© 2013 CyberTRAX Canada - All Rights Reserved.
Sponsored by C3SA Corp.