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Cyberattacks in Canada : Not just a problem for large companies


Cyberattacks in Canada: Not just a problem for large companies.

In a digital world, cyberattacks in Canada affect companies of all sizes from small and medium-sized companies to multinational corporations whether they are for-profit or nonprofit, such as associations and foundations. Moreover, this applies regardless of their industry, whether they operate in banking, manufacturing, or service sectors.


Let’s not forget that individuals are also targeted by cyberattacks, often through personal data theft or scams.


Both organizations and individuals hold valuable data, not only for themselves but also for competitors or other external actors. Gaining access to this information means obtaining confidential data such as industrial, strategic, or commercial secrets, as well as personal or financial information which can potentially be exploited for malicious purposes.


Why are cyberattacks becoming more frequent in Canada ?


On one hand, the rise in cyberattacks is largely due to the widespread use of information technologies by organizations whether public or private to manage internal operations, communicate with one another, or interact with individuals.


On the other hand, the legal obligation to report any personal data breaches has also increased the visibility of such incidents.


But above all, these attacks are attracting more attention because of their significant consequences.


Operational impact :


This includes slowdowns in operations, which affect productivity and service continuity. Other effects may include data loss, degraded system performance, or temporary inability to access critical resources.


Reputational impact :


A company’s image suffers when it becomes a victim of a cyberattack. This damages customer trust and may lead them to turn to competitors with a stronger brand reputation.


Financial impact : 


The affected company may lose substantial market share due to departing clients and missed opportunities with potential leads. Regaining that trust and winning them back often requires significant financial investment in advanced marketing and sales strategies.


Legal impact :


Some cyberattacks highlight non-compliance with laws, which can lead to heavy fines. In Canada, for example, the Office of the Privacy Commissioner is responsible for ensuring compliance with personal information protection laws.


The Swiss Cheese Model


According to this model, an incident occurs when vulnerabilities (the “holes” in the cheese slices) present in each layer of an information system's defenses (the slices of cheese) become aligned. It's important to note that these vulnerabilities can be organizational, human, or technical in nature.


The Swiss Cheese Model.

In the context of information systems, the model reminds us that security doesn’t rely solely on technical tools, but also on organizational practices and the human factor.


The Swiss Cheese Model is a powerful metaphor that helps us understand why incidents happen and how to prevent them by strengthening every layer of defense.


How to protect your business from cyberattacks in Canada


At sourceLogique, we offer a comprehensive and tailored approach to help organizations effectively protect themselves against cyber threats. Our solutions combine in-depth risk assessments, regular IT audits, and the development of security policies that are adapted to each organization.


We also support our clients through team training and awareness programs, because we understand that human vigilance is a key factor in cybersecurity.


Lastly, sourceLogique ensures continuous system monitoring and a rigorous incident response plan, enabling a swift reaction in the event of an attack—while ensuring compliance with current regulations.




 
 

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