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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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Unfortunately, with technology on the rise, there’s more room for cyber crime in 2018. According to the Cyber Security Breaches Survey 2018, 43% of businesses were a victim of a cyber security breach in the last 12 months.

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So what is the actual cost of a data breach? Well, obviously it varies depending on the nature of the organisation that has lost control of its data, the nature of data that has been breached and the severity of the attack.

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Global annual cybercrime costs will grow from $3 trillion in 2015 to $6 trillion annually by 2021, according to fresh forecasting.

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Ottawa has released its long-awaited update to its national cybersecurity strategy, promising to better protect Canadians from cybercrime, to respond to evolving threats, and defend critical government and private sector systems.

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Nearly 3 years after passing amendments to Canada’s federal private sector privacy law to include mandatory breach notification and record-keeping requirements, the Government has finalized some related regulations and announced that the new obligations will come into force on November 1, 2018.

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The harsh truth is that our technology-filled lives are leaving us open to security risks at practically every turn. It’s so widespread that the 2017 Annual Cybercrime Report predicted that by 2021 cyber crime damages will cost the world roughly $6 trillion annually.

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79% of businesses are failing to put customer experience first, due to poor data quality,

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The story has become all too common for businesses today: privacy breaches create anxiety for consumers, customers, employees and investors

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