#CyberFLASH: Cybercrime cost Canadians $3B in past year: 2013 Norton Report

Cybercrime cost Canadians $3 billion in the last 12 months, up from $1.4 billion the year before, according to a new report.

According to the 2013 Norton Report released by U.S.-based software security maker Symantec Corp., an estimated 7 million people in Canada have been victims of cybercrime in the past 12 months. The average cost of cybercrime per victim is roughly $380.  

Globally, the cost of cybercrime has risen to US$113 billion, or just under US$300 per victim, according to the report

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Canadian companies open to cyber attacks, says federal agency

CyberwarriorsGaps in the cyber security efforts of Canadian corporations could be leaving them open to sophisticated attacks by hackers, records show.

 

 

The current situation is that there are an increasing number of new software vulnerabilities that can be exploited to gain access to companies’ networks,” reads a July 2012 memo obtained from Public Safety Canada under the Access to Information Act.

“The scale of the problem is significant. The cost of maintaining a highly secure network is high for each company, and they may not be willing to make that investment.”

Most Canadian critical infrastructure assets — including electricity distribution networks, banking systems, transportation systems and telecommunications networks — are owned by the private sector or by provincial governments.

Their smooth operation is integral to the country’s economic, political and social well-being, according to a report by the Auditor General of Canada published last fall.

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Viewing cyber security as a ‘whole business’ issue

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Cyber-threats are not new, but it is hard to excuse the attacks that dominated the headlines over the past year: distributed denial-of-service attacks launched against the financial industry or the advanced threats targeting government, corporate users and vulnerable technologies. Cyber attacks threaten every industry in every country around the world – and Canada is not immune.

The C-Suite survey, however, finds only 40 per cent of Canadian executives are concerned about cyber security threats and only 38 per cent believe their companies could be targets.

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Nearly 70% of Canadian businesses hit by cyber attacks, says year-long survey

dynamic_resize-4Over a one-year period, 69 per cent of Canadian businesses said they experienced some type of cyber attack, ranging from malware and computer viruses to phishing and “social engineering” attacks, a new survey has found.

The study was carried out by the U.K.-based International Cyber Security Protection Alliance and released Wednesday.

Dubbed the Study of the Impact of Cyber Crime on Businesses in Canada, the survey followed 520 small, medium and large Canadian businesses over the course of one year and tracked how their bottom line was affected by cyber crime.

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Cyber-attack risks rise for Canadian businesses

images-96Long before the Internet was even a glint in Al Gore’s eye, power stations, pipelines, dams and water-treatment plants were computer controlled over SCADA systems (supervisory control and data acquisition).

The closed systems were hard to hack. But, thanks to the Internet, many industrial control systems are now online, remotely controlled over the web, as are hundreds of thousands of security cameras, webcams, routers, smart meters and home-automation systems.

New search engines, such as Shodan, are dedicated solely to listing the IP addresses of Internet-connected devices, from web servers and routers to industrial control devices and security cameras.

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Use Bluetooth? Protect Yourself from Hacking Scams

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Cell phone users are increasingly turning to Bluetooth technology to talk – hands free – on their phones. But as this high tech tool gains popularity in the US and Canada, scammers are finding ways to exploit it.

How the Scam Works:   

Scammers use specialized software to intercept your Bluetooth signal and hack into your device. It’s called “bluebugging.”  Doing this gives them access to all your texts, contacts, photos, call history… everything on your phone.

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Attack on TD website likely a prank, expert says

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The cyber attack that bogged down Toronto-Dominion Bank’s website this week was most likely a prank to attract attention, rather than a threat to sensitive financial data, says an expert in computer hacking.

Iain Kenny, a partner at MNP Investigative and Forensic services in Calgary who studies hacking efforts against companies, said the type of attack that stalled TD’s website Thursday is becoming increasingly easy for low-level hackers to execute, but is more of a nuisance for companies than a risk to their security.

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Canadian Government Fights Cyber Crime with $20 Million Investment

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Most Canadians are familiar with cyber attacks in the form of pesky spyware or email scams. As Internet users, we’ve come to accept that these small nuisances are a normal part of twenty-first century life.

But is it possible for cyber attacks to damage more than just our email inboxes and hard drives? That’s the question being addressed in a new initiative by the Canadian federal government. Last week, Defence Minister Peter MacKay announced that the government is investing $20 million in sci-tech research that will help prevent cyber attacks on a national scale.

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