Tag: phishing
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A Cautionary Tale for Canadian Businesses
Canadian businesses may find the lessons from Hamilton’s experience invaluable as they navigate their own cybersecurity challenges. Here’s what unfolded: Hamilton faced serious vulnerabilities in its IT systems as identified by the Auditor General (AG) in 2021. These included decentralized IT elements, inadequate monitoring, recovery planning, and employee susceptibility to phishing scams. While the AG…
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Digital Fraud: A Growing Threat for Canadian Businesses
Digital fraud is escalating at an alarming rate in Canada, with businesses feeling its effects. TransUnion’s H1 2025 State of Omnichannel Fraud Update reveals startling statistics: between August and December 2024, 56% of Canadians were targeted by fraudsters, and 9% reported being victims. This trend demands attention, especially within the insurance industry, which saw a…
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Beware of Holiday Email Scams
The holiday season is a time of joy and celebration, but it is also a prime time for cybercriminals to target businesses and individuals with various scams. As businesses gear up for the festive season, it is crucial to stay vigilant and protect yourself from email scams that can lead to significant financial and data…
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Smartphone Security Risks
A recent study highlights significant security risks faced by smartphone users, revealing some startling statistics about our vulnerability to cybercrime. Key Findings Expert Insights Jamie Akhtar, CEO of CyberSmart, emphasized the urgent need for greater security awareness. Paul Walsh, CEO of MetaCert, pointed out that phishing has evolved to target SMS and smartphones, with 83%…
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Cybersecurity in 2025
As we approach 2025, IBM security executives have shared their insights on the evolving landscape of cybersecurity. Here are six key predictions that highlight the challenges and opportunities ahead: 1. The Rise of Shadow AI Businesses are increasingly deploying generative AI models, sometimes without proper governance. This “shadow AI” poses significant data security risks. In…
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Passkeys: The Future of Secure Online Authentication
In recent years, the adoption of passkeys has seen a significant rise. According to recent research, awareness of passkeys has jumped from 39% in 2022 to an impressive 57% in 2024. Even more encouraging is that 62% of those who are aware of passkeys are actively using them to secure their online accounts. This shift…
