Zürcher Nachrichten - Canadian businesses scrambling to defend against cyberattacks uptick

EUR -
AED 3.855359
AFN 71.377323
ALL 98.9304
AMD 409.516427
ANG 1.892125
AOA 958.34413
ARS 1056.623594
AUD 1.615519
AWG 1.889397
AZN 1.783436
BAM 1.959346
BBD 2.119737
BDT 125.457077
BGN 1.955898
BHD 0.395617
BIF 3039.829534
BMD 1.049665
BND 1.414788
BOB 7.281457
BRL 6.100126
BSD 1.0499
BTN 88.512294
BWP 14.342507
BYN 3.435719
BYR 20573.431932
BZD 2.116271
CAD 1.468019
CDF 3012.538394
CHF 0.930822
CLF 0.037165
CLP 1025.470248
CNY 7.599311
CNH 7.606927
COP 4605.667141
CRC 535.068474
CUC 1.049665
CUP 27.81612
CVE 110.686953
CZK 25.297954
DJF 186.546724
DKK 7.457556
DOP 63.403524
DZD 140.299428
EGP 52.079328
ERN 15.744973
ETB 129.119469
FJD 2.388985
FKP 0.828518
GBP 0.835408
GEL 2.875939
GGP 0.828518
GHS 16.58171
GIP 0.828518
GMD 74.526346
GNF 9059.657727
GTQ 8.106673
GYD 219.655948
HKD 8.169091
HNL 26.482792
HRK 7.487532
HTG 137.799417
HUF 409.458002
IDR 16637.71341
ILS 3.824506
IMP 0.828518
INR 88.457727
IQD 1375.585844
IRR 44164.650178
ISK 145.073956
JEP 0.828518
JMD 166.621585
JOD 0.744525
JPY 161.875648
KES 135.931727
KGS 91.099783
KHR 4252.192128
KMF 495.96684
KPW 944.698007
KRW 1469.588545
KWD 0.323055
KYD 0.874917
KZT 524.238873
LAK 23050.641277
LBP 94049.974422
LKR 305.502961
LRD 188.939707
LSL 19.03039
LTL 3.099387
LVL 0.634932
LYD 5.127613
MAD 10.574845
MDL 19.19247
MGA 4901.935038
MKD 61.604812
MMK 3409.270632
MNT 3566.761255
MOP 8.413649
MRU 41.886862
MUR 49.039901
MVR 16.227576
MWK 1821.168622
MXN 21.256448
MYR 4.673157
MZN 67.084504
NAD 19.030647
NGN 1771.288201
NIO 38.575455
NOK 11.650062
NPR 141.620031
NZD 1.795658
OMR 0.404098
PAB 1.04992
PEN 3.982432
PGK 4.225689
PHP 61.895602
PKR 291.596027
PLN 4.312506
PYG 8179.805456
QAR 3.821305
RON 4.976566
RSD 116.999844
RUB 109.171889
RWF 1438.040905
SAR 3.941569
SBD 8.799923
SCR 14.330794
SDG 631.372893
SEK 11.529645
SGD 1.412723
SHP 0.828518
SLE 23.858676
SLL 22010.952976
SOS 599.826672
SRD 37.256789
STD 21725.944051
SVC 9.186628
SYP 2637.314389
SZL 19.030664
THB 36.384557
TJS 11.191784
TMT 3.673827
TND 3.338456
TOP 2.458422
TRY 36.294159
TTD 7.131043
TWD 34.062702
TZS 2781.612304
UAH 43.569361
UGX 3890.040978
USD 1.049665
UYU 44.750999
UZS 13467.200332
VES 48.873774
VND 26682.481618
VUV 124.618326
WST 2.930235
XAF 657.15898
XAG 0.034777
XAU 0.0004
XCD 2.836771
XDR 0.803054
XOF 655.517644
XPF 119.331742
YER 262.33747
ZAR 18.932858
ZMK 9448.244693
ZMW 28.950504
ZWL 337.991668
  • CMSC

    0.0928

    24.765

    +0.37%

  • CMSD

    0.2100

    24.67

    +0.85%

  • GSK

    0.2300

    34.19

    +0.67%

  • RBGPF

    -0.9500

    59.24

    -1.6%

  • BCC

    11.0350

    154.815

    +7.13%

  • SCS

    0.4500

    13.72

    +3.28%

  • RIO

    0.6250

    62.975

    +0.99%

  • BTI

    0.0800

    37.46

    +0.21%

  • RYCEF

    0.0200

    6.82

    +0.29%

  • NGG

    0.1500

    63.26

    +0.24%

  • BP

    -0.4110

    29.309

    -1.4%

  • BCE

    0.1300

    26.9

    +0.48%

  • JRI

    0.1380

    13.348

    +1.03%

  • RELX

    -0.1250

    46.625

    -0.27%

  • VOD

    0.1700

    8.9

    +1.91%

  • AZN

    0.6800

    66.31

    +1.03%

Canadian businesses scrambling to defend against cyberattacks uptick
Canadian businesses scrambling to defend against cyberattacks uptick / Photo: NICOLAS ASFOURI - AFP/File

Canadian businesses scrambling to defend against cyberattacks uptick

Canada's governor general and foreign ministry, hospitals and an airline: a litany of recent cyberattacks has exposed poor defenses against hackers, despite warnings to be more vigilant since Russia's invasion of Ukraine.

Text size:

Last week, Canada and four other Western countries, including the United States, warned that Russia was preparing to launch massive cyberattacks against Ukraine's allies in retaliation for support for Kyiv and sanctions imposed on Moscow.

On the rise for years and becoming increasingly sophisticated, "thousands" of cyberattacks, including by Russian hacker groups, target Canada every day, according to Cherie Henderson, a senior official at the Canadian Security Intelligence Service.

Canada was second behind Britain in number of reported victims of phishing, spoofing, extortion and other Internet-enabled frauds, according to an FBI report on Internet crimes in 2020. (The report excludes the United States in the list).

The most recent victim was the Canadian airline Sunwing. A cyberattack hit one of its suppliers, causing a breakdown of the airline's operations that left thousands stranded in vacation hotspots in the United States, Mexico and the Caribbean.

Companies may be "caught offguard and see their business activities considerably curtailed," commented Benoit Dupont, a cybersecurity researcher at the University of Montreal.

Some, especially smaller enterprises, "do not always have adequate resources and investing in cybersecurity is not always a top priority," he told AFP.

Just prior to the start of the war in Ukraine in late February, the government's Canadian Center for Cyber Security reminded of the need to protect critical infrastructure from Russian-sponsored cyber threats.

Whether it's industrial espionage, vandalism, theft of intellectual property or proprietary information, frozen accounting systems or even entire computer systems, the risks concern companies of all sizes.

- Finance, energy, telecom targets -

Evan Koronewski, a spokesman for the Communications Security Establishment, said the Canadian electronic eavesdropping agency monitors "cyber threat activity directed at critical infrastructure networks, including those in the financial, energy, and telecommunications sectors."

But, he added, that all sectors "are encouraged to take note and be aware of the possibility of increased cyber threat activity."

Some have taken action, according to Trevor Neiman of the Business Council of Canada, an association representing the nation's biggest employers.

"In the run-up to the to the Russian invasion of Ukraine, Canadian businesses have adopted a heightened state of awareness, and they've taken a number of proactive measures to bolster their cyberdefenses," he said.

Public utility Hydro-Quebec, for example, has stepped up "surveillance specifically for this threat," its spokesman Cendrix Bouchard told AFP.

In Canada, one in four companies reported being hit by cyberattacks in 2021 and more than half paid ransoms to hackers who infected their computer systems with malware, according to a Novipro-Leger survey last fall.

Ransom amounts have been climbing, and can reach several million dollars.

Ottawa announced last year Can$80 million (US$62.5 million) over four years to bolster the nation's cyberdefenses.

But the Canadian Chamber of Commerce said it was not enough, noting that it is a drop in the bucket compared to amounts spent by Canada's G7 peers.

"The United States, Israel, and the UK are investing billions" to boost their cyberdefenses, it said.

Since the start of the pandemic, which saw more people teleworking, ransomware attacks have increased exponentially around the world.

"Malicious cyber actors, whether state sponsored or otherwise, often seek to take advantage of crises," explained BlackBerry's Marjorie Dickman.

"We saw this during the pandemic when threat actors launched repeated Covid-19-themed attacks and sought to leverage security gaps in the work-from-home setting," she said, adding that hackers now use mentions of the war in Ukraine to lure victims.

"You only have to be successfully attacked one time to really hurt your business," warned Rocco Rossi, head of the Ontario Chamber of Commerce, describing it as "an ongoing battle."

"Even after the war in Ukraine ends," he said, "these cybersecurity issues won't go away."

M.J.Baumann--NZN