much information do you personally share or store digitally? What about the
company you run or work for? The world is going digital at breakneck speed,
which is why this Data Privacy Day we are aiming to increase your awareness of
privacy and data protection issues your organization may be facing.
companies race to implement new technologies, invest in innovation and digitize
their data management systems, they are neglecting to commit time and resources
to adopt a proactive cybersecurity strategy. Due to the increase in recent
years of high-profile cybersecurity breaches, governments have started to
introduce regulatory changes such as the Personal Information and
Electronic Documents Act in Canada and the General Data Protection
Regulation in Europe. Businesses need to keep up with this ever-evolving
is often misunderstood, not just by the public but by corporate executives. Do
you know what your most valuable digital assets are? It’s not always as obvious
as credit card information or SIN numbers. The bread and butter for cyber
- Customers’ personal identifiable
information and passwords
- Financial information and strategic
- Senior executives’ and board members’
Data that may seem harmless like phone numbers or email addresses can be used
by cyber criminals for further hacking and scamming. According to the
Information Security Survey, 64% of companies confirmed they
have either no data protection program or only an informal plan, meaning that
confidential documents are low-hanging fruit for cyber pirates.
what data cyber criminals are looking for is a great first step in developing
your cybersecurity and privacy plan. Some simple strategies in developing your
own plan are to identify your organization’s greatest risk, greatest assets,
execute a threat risk assessment and plan for all cyber attack scenarios that
might affect your organization.
cybersecurity world is ever morphing and evolving and there is no
one-size-fits-all solution, but with proper understanding of your corporation’s
needs and risks, the right cybersecurity and privacy program can be tailored.
This blog post was written
by Carlos Perez Chalico, EY Canada’s
Cybersecurity and Privacy Leader for Private Client Services.