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data breaches and cyber attacks in February 2019 – 692,853,046 records leaked

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With every passing year, cybercrime gets worse. It makes sense: it’s lucrative. Cybercrime is estimated to be a $1.5 trillion industry, with some countries now basing their economy around cybercrime

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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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It’s been the usual mix of data breaches this month, with lots of mistakes being made and lots of ransoms being paid.

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Restrictions on data localization are not entirely new to Canada, since similar provisions are found in the CPTPP (the successor to the Trans Pacific Partnership). That means that Canada has already agreed to limits on data localization with or without the USMCA.

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It’s time for the month’s list of breaches and cyber attacks, and it’s a big one. Almost 1 billion records were leaked this month – 925,633,824 to be exact.

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The most effective method of social engineering was to send an email with a phishing link: 27 percent of recipients clicked the link, which led to a special website.

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Forty per cent of employees believe they bear zero responsibility for securing information, pointing to the need for a more comprehensive strategy that makes security everyone’s business.

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“The risks to business, privacy and related data grow by the day — so much so that cybersecurity is outranking some of the more traditional business risks and concerns,”

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