Entries by Staff

Government and the tech industry must cooperate to encourage encryption and protect society

Given the string of high-profile and costly cyberattacks that have taken place over the last couple of years, you’d think everyone would see urgency in encouraging security measures like encryption. After all, everyone loses when credit scores and bank accounts get hacked. And yet, the U.S. government has raised legitimate concerns regarding encryption. As Reuters […]

Yahoo hack worse than expected – again

Exactly a year ago this month, Yahoo made a stunning revelation. They had already announced in September that 500 million email accounts had been hacked in 2014. But then in October they announced that over 1 billion email accounts had also been breached in 2013. This gave the tech company the honour of being victim […]

Global firm offering cybersecurity advice gets hacked

A major global accounting firm, offers their clients a slew of services. One of them is the development of cybersecurity strategies. According to their website, they help “organizations prevent cyberattacks and protect valuable assets.” They “focus on establishing effective controls around the organization’s most sensitive assets and balancing the need to reduce risk, while enabling […]

Government doesn’t pay nearly enough attention to cybersecurity

The government doesn’t pay nearly enough attention to cybersecurity, according to some very good sources. Fortune Magazine reports that last month, a quarter of the members of U.S. President Donald Trump’s National Infrastructure Advisory Council resigned, citing “specific shortfalls in the administration’s approach to cybersecurity”. The article continues: “The resigning advisors also said the Administration […]

Hackers stole your social security number – and 143 million others

Equifax is the largest consumer credit reporting agency in the United States and collects sensitive information on nearly a billion people worldwide. It’s a publicly traded company with annual revenue of over $3 billion and it has been in business for over a century. With its experience and responsibility, it would be a sensible assumption […]

Phishing dupes Canadian university out of $11.8 million

When private companies fall for the tricks of cybercriminals, it’s their investors who stand to lose the most and who must demand accountability. Yet when public institutions like schools and hospitals are scammed, taxpayers are left picking up the bill. The latest example happened at Alberta’s MacEwan University. CBC reports: “An Edmonton university was defrauded […]

Post-delivery modification: another nail in email’s coffin

The security firm Mimecast has discovered a new email security flaw that is truly terrifying. The threat – named ROPEMAKER – is not thought to have been used by cybercriminals to date. Yet its discovery alone means that any email you receive could harm your computer and files – even if the sender had no […]

Could a cyberattack send your stock price crashing?

A 2015 Harvard Business Review article argued that data breeches at publicly traded companies don’t generally hurt stock prices. The argument went that the damage from hacks can be hard to quantify or understand, so shareholders only “react to breach news when it has direct impact on business operations” or “results in immediate changes to […]

A (cyber) war with North Korea has already been waged for years

For a country with notoriously limited internet access, North Korea has been surprisingly aggressive with their cyberattacks over the last couple of years. Although a geopolitical storm is brewing between the United States and the Hermit Kingdom, a digital battle has already been fought for some time. Western governments and companies should brace for this […]

Will NAFTA 2.0 compromise your data?

The renegotiation of the North American Free Trade Agreement (NAFTA) is slated to begin on August 16, and it’s top of mind for government officials in the U.S., Canada, and Mexico. U.S. President Donald Trump made the renegotiation a key plank of his campaign platform, though it now seems like his government intends to enter […]