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The number of publicly known data breaches decreased last year compared to 2017, despite harsher breach notification rules going into effect in Europe. The number of compromised sensitive records also went down by more than a third, from 7.9 billion records to around 5 billion.

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On average, the cost of a cyber attack in 2018 was $3.86 million, which is a tremendous amount … and it was only the average!? From new, emerging technologies to advanced security vulnerabilities … cyber-attacks are steadily growing more and more extreme than anything we’ve seen in the past. It’s true that no-one is “safe” and in actuality, no-one ever was.

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Cyber security incidents have become the new normal for Canadian companies, with one hundred per cent of organizations experiencing attacks, according to the findings of a new study from Scalar Decisions Inc. of more than 400 Canadian IT and security workers.

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According to every statistic I’ve read, there is still a huge chunk of business owners who have not even read the GDPR yet, let alone done anything about it. To be clear; no matter the size of your business, you have to comply.

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As the Facebooks and Googles of the world continue to illustrate, companies rarely protect your privacy for you. Instead, they often do the opposite, selling your data to third-parties. And even seemingly harmless data can still tell data buyers a lot about you. 

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One of the defining moments for tech in 2018 was on May 25, when the EU implemented its General Data Protection Regulation — the ominous GDPR.

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The Office of the Privacy Commissioner will begin to apply these guidelines on January 1, 2019. The release of these guidelines is part of the Office’s work to improve the current consent model under the Personal Information Protection and Electronic Documents Act (PIPEDA)

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Despite the frequency of data breaches and their accompanying publicity, not many people actually understand the key concepts concerned with data storage, such as the difference between data privacy and data protection.

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CEOs, Boards of Directors and Trustees are now realising how fatal cybersecurity failures can really be. In reality, a major data breach will ruin not only an organisation’s reputation, damage its brand and future prospects or plans, but also have serious consequences on the bottom line.

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