Posted: Monday, May 16, 2022

E-commerce and Cybersecurity: What Online Merchants Should Know

E-commerce and Cybersecurity: What Online Merchants Should Know

Best Practices to Secure Your E-Commerce Business

By : Sentia

E-commerce platforms and sites are hot targets for attacks and breaches since cybercriminals consider them as treasure troves of financial, personal, and business data. Regardless of the business size, a breach of an e-commerce platform can cause huge financial losses by destroying customer trust, lawsuits, and stolen data. eCommerce businesses are mindful of the security issues facing them and have increased spending on security measures. A 2020 VMWare Carbon Black Cybersecurity Outlook Report revealed that 77% of companies included in the study have invested in new security measures, whereas 69% have hired more security personnel.

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Posted: Thursday, May 5, 2022

Understanding Multifactor Authentication (MFA)

Understanding Multifactor Authentication (MFA)

How It Works and Why Companies Should Consider Adapting It

By : Sentia

"For every lock, there is someone trying to pick it, or break it." - David Bernstein

One of the biggest problems with traditional user ID and password login is the need to maintain a password database. Whether encrypted or not, if the database is captured it provides an attacker with a source to verify their guesses at speeds limited only by their hardware resources. Given enough time, a captured password database will fall.

As processing speeds of CPUs increase, brute force attacks have become a real threat. GPGPU cracking can produce more than 500,000,000 passwords per second even on lower end gaming hardware. Depending on the software, it can take as little as 160 seconds to crack a 14-character alphanumeric password. A password database alone does not stand a chance against such methods when it is a real target of interest.

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Number of views (1942)

Posted: Tuesday, April 26, 2022

What Do Cyber Threats Mean for the Financial Sector

What Do Cyber Threats Mean for the Financial Sector

And How Can You Protect Yourself?

By : Sentia

The financial industries of most countries worldwide use emerging innovative technologies to cut down operational costs, enhance customer services, and automate work. For example, organizations in the Canadian financial sector heavily depend on Fintech, the Internet of Things, quantum computing, the cloud, and artificial intelligence, among others, to enable electronic financial transactions and data transfer between payment systems, institutions, vendors, and clients.

However, while these interconnections promise increased efficiency and faster communications, they have become attractive targets in today’s highly sophisticated and rapidly evolving cyber threat landscape. For example, a cyberattack that compromises only one financial organization can potentially spread to external partners, which may ultimately disrupt critical international and national financial systems.

Unsurprisingly, motivations like financial gains from transaction values that amount to billions of dollars daily have seen the financial industry face frequent and complex cyberattacks. For instance, Canada’s population has embraced online banking transactions more and more, with 76% of Canadians preferring mobile devices and online banking for all transactions.

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Number of views (177)

Posted: Wednesday, April 13, 2022

Addressing Cyber Risks in Real Estate

Addressing Cyber Risks in Real Estate

How to be prepared and stay ahead of any impending threats.

By : Sentia

In the past, the real estate industry has been known to be slow in embracing technology. However, this situation is changing. The PwC report on Emerging Trends in Real Estate 2021 found that the COVID-19 pandemic forced the real estate sector to embrace various technology solutions, including virtual open houses, digital payments, collaboration tools, and property technology to enhance business continuity. Likewise, the Emerging Trends in Real Estate 2022 reports that Canadian real estate companies can successfully navigate forces of change through accelerated digitization that plays a significant role in both delivering efficiencies and creating the experiences and services the customers want. The latest report points out construction technology, increased data analytics, and digitizing operations as the key area of focus for the real estate sector in 2022.

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Number of views (218)

Posted: Tuesday, April 5, 2022

Why the Retail Industry Requires Enhanced Cybersecurity Protection

Why the Retail Industry Requires Enhanced Cybersecurity Protection

While Cybersecurity is a Cross-industry Need, Learn Why the Retail Sector Needs Special Attention

By : Sentia

Cybercrime has increased exponentially worldwide, mostly due to significant events that lead to a rapidly changing threat landscape. Most nations have seen increased cyber threats across sectors due to significant incidents ranging from the COVID-19 pandemic to the Russia-Ukraine conflict, with the retail industry bearing the brunt of the attacks. In Canada, for instance, at least three out of ten companies have reported a spike in attacks, and 80% of businesses fell victim to phishing attacks. Also, 25% of Canadian organizations have reported data breaches that target sensitive employee and customer data.

In addition, Canadian organizations in the retail industry have suffered numerous attacks in the recent past. For example, JBS, one of the largest global, suffered a devastating ransomware attack in 2021 that saw it shut down operations in Canada, the US, and Australia, resulting in a loss of more than $11 million. Also, an unauthorized party compromised the user credentials of the Canada Revenue Agency, resulting in more than 800,000 taxpayers being unable to access their accounts. Whether you look at cybersecurity in Montreal, Toronto, or any other Canadian city, the statistics show that cybercrime is getting worse, and the retail industry suffers innumerable damage.

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Number of views (304)

Posted: Tuesday, March 29, 2022

ZTNA vs. VPN - What is the Difference?

ZTNA vs. VPN - What is the Difference?

By : Sentia

The COVID-19 pandemic caused many companies to adopt remote working strategies in line with social distancing and isolation regulations implemented to combat its spread. As of March 2021, approximately five million Canadian workers, or 20% of Canadian employees, were working from home. In contrast, only 4% of employees worked remotely in 2016. Now, most COVID restrictions have been lifted, but many companies have allowed their workforce to continue working remotely. A 2021 study found that only 9% of Canadian workers expressed interest in working from the office fully, 15% wanted to work from home all the time, while 40.8% of workers suggested a hybrid working model.  

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Number of views (243)

Posted: Thursday, March 24, 2022

The Critical Role of Cybersecurity in the Government

The Critical Role of Cybersecurity in the Government

By : Sentia

The Canadian Government has joined other countries in toughening sanctions against Russia amid the ongoing Russia-Ukraine conflict. However, Russia has insisted it will retaliate against countries that meddle in the conflict, placing the Canadian Government as a potential target of Russian-sponsored attacks.

Other than Russian cyber threats, the Canadian Government is a prime source of attacks from other state-nations and cybercrime groups. In addition, the Government is responsible for securing critical infrastructure and spearheading efforts to enhance national cybersecurity preparedness. Therefore, cybersecurity for Government is essential to thwarting cyber espionage and attacks targeting critical infrastructure.

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Number of views (301)

Posted: Thursday, March 17, 2022

How the Continued Unrest in Eastern Europe is Impacting Cybersecurity on a Global Scale

How the Continued Unrest in Eastern Europe is Impacting Cybersecurity on a Global Scale

And the Lasting Ripple Effects

By : Sentia

Countries use cyberattacks as a tool for modern warfare, and the concept has been used extensively in the Russia-Ukraine conflict to spread disinformation and demoralize opponents. On the day Russia started the invasion, some critical Kyiv websites, including the government, parliament, and Foreign Ministry sites, were offline and inaccessible. Certainly, Russian hackers launched large DDoS attacks to overwhelm the infrastructure and crash the websites. In addition, Ukraine blamed the Kremlin for a data-wiper malware found on Ukrainian computers, which echoed the NotPetya malware attack in 2017 that severely impacted the Ukrainian economy. With heavy fighting raging in Ukraine, cyberspace has turned into a secondary battlefront.

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Number of views (274)

Posted: Wednesday, December 15, 2021

Cyber Security Issues Facing the Higher Education Sector in Canada

Cyber Security Issues Facing the Higher Education Sector in Canada

By : Sentia

Higher education institutions, especially polytechnics, universities, and colleges, are vulnerable to numerous cyber threats and attacks. According to Isaac Straley, the chief information security officer at the University of Toronto, securing higher education institutions is challenging due to a complex cybersecurity landscape. "We do so many things in higher education. The social landscape is quite complex, teaching and learning; we have information about people, our students, our staff, our donors. And we also have intellectual property that we are generating," Straley says.

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Number of views (872)

Posted: Thursday, December 9, 2021

Cyber Security Issues Facing Canadian Law Firms

Cyber Security Issues Facing Canadian Law Firms

Why Cyber Security is More Important Than Ever For the Legal Industry

By : Sentia

Cyber security breaches targeting Canadian organizations almost doubled in the recent past. Various sectors, including the Canadian legal industry, are thus required to enhance their data protection, and cyber security controls to protect their firms from attacks. Robust cyber security is vital in securing employee and customer data from known and unknown threats. In this regard, 90% of Canadian legal professionals believe their firms need to implement strong data protection and cyber security measures to secure sensitive information.

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Number of views (873)

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