Get ready Canada. The cybercriminals have you in their sights for 2019. Despite our smaller market size, Canada had the third most cyber incidents in the world last year, according to a recent study. This year’s federal election is likely to attract more “bad actors” who will try to use misinformation to influence public opinion, warns the Canadian Centre for Cyber Security in its latest threat assessment. Cybercrime against Canadian citizens and businesses, however, will be the biggest threat this year, the report says. “It is certain that Canadians will be affected by malicious online activity in the coming year,” said Scott Jones, head of the Cyber Security Centre.
Indeed, the Canadian Internet Registration Authority (CIRA) reports that 88 per cent of respondents to its security survey are worried about the prospect of future cyber attacks.
What is causing executives to lose sleep this year? “Cybercrime is evolving as criminals take advantage of growing online markets for illicit goods and services in order to maximize their profits,” says the Centre’s National Cyber Threat Assessment report. As well, it notes that criminals have increased the scale and sophistication of their activities to exploit technical vulnerabilities and human error.