Safety Net: Small businesses squeezed by cybercrime costs, proposed push to report attacks via financialpost
It’s a refrain being repeated across Canada’s business landscape – one that’s being ruthlessly traversed by increasingly sophisticated cyber-fraudsters seeking to shake down their victims or steal identities and vital information.– legislation meant to encourage businesses to report and address cyberattacks.
By that reporting, at least 61,000 small- and medium-sized Canadian businesses were victims of cyberfraud in 2020, said the CFIB.Those numbers are almost certainly under-reported by businesses that fear doing so would damage their reputations, said the federation.Article content “The attackers stole his credentials by phishing and impersonating and got into Target’s point-of-sale system.”
Monetary demands have escalated in ransomware attacks, during which hackers convince employees to open documents embedded with macros, enabling thieves to upgrade their security privileges or steal data.Cybersecurity firms said they’ve noticed a new type of hack attack – this one known at BitB phishing, in which crooks create a log-in screen similar to the target’s.Article content
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