IBM Canada and The Conference Board of Canada brought together a diverse group of Canadian leaders to talk about the cyber threats facing Canadian organizations and what we can all do about them. This impact paper looks at the results of those discussions.
The cyber threat landscape continues to evolve, with Canadian organizations getting attacked every single day. Since the beginning of the COVID-19 pandemic, many organizations have accelerated their digital transformation, thereby increasing the threat of being hit by cyber attacks.
In the face of increasingly costly and frequent attacks, Canada needs to strengthen its digital defences. This is especially true for the increasingly interconnected critical infrastructure upon which our society relies.
Technology has a role in keeping organizations secure with automated threat prevention, detection, and resolution capabilities. Good internal audit practices and the ability to use out-of-the-box solutions will enable automation. However, technology is a double-edged sword that often introduces new vulnerabilities. When updating old technologies, organizations should integrate cybersecurity into the process, rather than treat it as an afterthought.
Organizations must stay current with the latest and best international standards and regulations.