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Cyber Security for Small and Medium-sized Businesses: Never Too Small to Fail

The Conference Board of Canada, July 26, 2016
Recorded Webinar
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In the last five years, organizations such as JP Morgan, Target, Home Depot, and Sony have all fallen victim to expensive and devastating cyber-attacks. Yet despite these high profile cyber-breaches, and increasing awareness of the importance of cyber security, many Small and Medium-sized Enterprises (SMEs) assume that their businesses are too insignificant to be of interest to hackers. Cyber security firm FireEye has reported that 77% of SMEs believe that their company is safe from cyber-attacks; however, one-third of those same SMEs were not aware that they had suffered a cyber-attack in the past year. Senior level staff are less likely to know about cybersecurity risks, and 58% of SME management teams feel cyber security is not a significant risk to their organization.

The truth is that cyber-attacks can have many negative consequences for SMEs, including significant costs associated with loss of business or in extreme cases,shutting down operations altogether. Additionally, the theft of employee or customer information can be crippling for SMEs, causing irreparable harm to the reputation of the company and a total loss of customer confidence, trust, and loyalty. FireEye found 60% of small firms go out of business within 6 months of a data breach. Because of this, it is essential for SMEs to ensure that they include adequate cybersecurity measures into their business plans and budget accordingly. So where to start?

Webinar Highlights

Join cybersecurity expert David Mohajer for a 60-minute webinar on the importance of cyber security for small and medium-sized business in Canada. This session will explore:

  • Current and future cybersecurity threats and the value of attacking SMEs
  • Best practices for SMEs, including cybersecurity governance, education, and clean, secure networks
  • Policies, plans and procedures to respond to a cybersecurity breach, including the importance of adequate cybersecurity insurance

About David

Photo of David MohajerDavid Mohajer, CEO and co-founder of XAHIVE, is responsible for XAHIVE’s strategic operations including finance, new product development and research and collaboration projects with US academic institutions. David has 15 years of experience working as an IT consultant including working as a federal government employee with Top Secret Clearance levels in Canada. David's experience includes change management, project management, software development lifecycle and financial analysis. David has been recognized by the Canadian Revenue Agency for his outstanding work. David has worked as a consultant for the Canadian Security Intelligence Service and continues to consult with the Communications Security Establishment and the Federal Bureau of Investigation on cybersecurity issues.

David has a Bachelor of Commerce from Athabasca University and Algonquin College and is currently working on his Masters in Technology Innovation Management (specializing in cybersecurity and intelligence) from Carleton University. David holds many certifications including Process Management Certification from Management Plus, Business Analysis Certification from McMaster University and has been a member of Toastmasters International since 2011.

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