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17th April 2024 Issue no. 701

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Canadian businesses 'unprepared' for internet threats

Canadian businesses are increasingly being targeted by hackers but are also less prepared for such Internet threats, new reports have found.

According to the Vancouver Sun reaches of Canadian publicly traded companies jumped an "alarming" 50% in 2011, says a joint study released by Telus Corp. and the University of Toronto's Rotman School of Management. The annual study said public companies in Canada were hacked an average of 18 times this year, compared with an average of 12 attacks suf-fered in 2010. Overall, the study says, attacks on businesses and government offices were down nearly 50% from last year, to an average of 7.6 breaches in 2011 from 14.6 in 2010.

23rd November 2011