#CyberFLASH: Corporate hackers in crosshairs as Canadian tech firms launch fight for security

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Canada’s technology hub is looking to emerge as a prized fighter in the battle against corporate hackers, but one of its biggest challenges may be winning over a business community reluctant to ramp up their own protection.

A group of companies in the Waterloo Region is making headway in an industry focused on the biggest common threat to the business world consumer data and proprietary information falling into the hands of outsiders.

During the past year, massive data breaches left U.S. retailers and banks fumbling to explain how hackers stole personal information about their customers while the Canadian government took some of its systems offline to recover from attacks they claim from China.

The sheer number of infiltrations has created a huge opportunity for cybersecurity firm eSentire Inc. of Cambridge, one of the rising stars of global corporate security.

Last month, eSentire secured $14 million from a group of investors who want to grow the operation, open a new office building and add another 40 people to its 90 employees.

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Canada a haven for digital criminals: study

Cyberfile Hacktivists 20130213OTTAWA — A patchwork of Internet and digital security laws across the country has contributed to Canada’s new No. 3 ranking worldwide as the country of choice for cyber-criminals to set up sites with advanced malware, according to a new study.

But it isn’t just foreign criminals who are setting up shop on Canadian servers to take advantage of Canada’s good reputation in cyberspace: Foreign governments are doing the same to launch corporate espionage attacks on domestic and international companies, according to the 2013 cybercrime report card from Websense Security Labs.

According to the report card, Canada ranks third in the world for hosting malware, ahead of countries such as Germany, Russia and even China, which has faced allegations and accusations that it enables cyber-attacks and sponsors corporate espionage.

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