Canadian Retailer - The Technology & e-Commerce Issue - 24
CYBER PROTECTION
IN 2012, FBI Director Robert Mueller warned about
DON'T
"WANNACRY"
ANYMORE
ABOUT
CYBERCRIME?
Tips and Tools for Protecting
Against Computer Crime and
Computer Fraud
BY JENNIFER DRAKE, Vice President and Legal Consultant in the
Legal and Research Practices, Aon Risk Solutions
the rising threat of cybercrime, stating: "There
are only two types of companies: those that have
been hacked, and those that will be. Even that is
merging into one category: those that have been
hacked and will be again". Since this statement,
there has been a continuous rise in the frequency
and scale of cyber-attacks. Symantec reported that
2016 was notable due to cyber attackers demonstrating new levels of ambition, including multimillion-dollar virtual bank heists and the biggest
distributed denial of service (DDoS) attacks on record. In 2017, the world experienced the Wannacry
virus, a cybercrime scheme unprecedented in
terms of its global spread and the number of individual businesses it affected. According to Juniper Research, it is estimated that the global cost of
cybercrime will reach $2.1 trillion by 2019. These
scary statistics, along with media attention given
to major cyber breaches, have many organizations
concerned about their potential exposure to cybercrime and how to best ensure that they are not the
next big cybercrime news story.
Most retail organizations would acknowledge
that they have some element of cyber risk exposure in their operations. The nature of the business
often requires operating on systems designed to
share information, including financial information and other sensitive data used in customer
transactions, making them an attractive target
for cybercriminals. While many retailers are devoting more time and resources to detecting and
preventing cyber risk, it's difficult for any company to completely eliminate the problem. Thus,
experts are recommending a holistic approach to
cybersecurity that includes a plan with respect to
how a company will mitigate potential damages
and how the business will recover if a meaningful
cyber incident takes place.
The following are some recommendations for
organizations looking to take a comprehensive
approach to reducing cyber risk:
* Establish a culture of data security throughout
the entire organization from the top down.
* Understand the information that is crucial to
protect and practice regular back-ups on a separate server that is not connected to your network.
* Equip your staff by investing in employee
training and awareness programs.
* Evaluate what devices and/or users have access
to your network, including third-party service
providers that have limited access for system
monitoring, maintenance, data storage or other
purposes. Every connection to your network
24 |
CANADIAN RETAILER
| THE TECHNOLOGY & E-COMMERCE ISSUE
Table of Contents for the Digital Edition of Canadian Retailer - The Technology & e-Commerce Issue
Editor’s Note
Retail Currents
Under the Banner
At Issue
Preparing for Tomorrow Today
Retail 2018: What the Future Has in Store
Living in the Future
Getting Results
Selling Across Borders
Don’t “wannacry” Anymore About Cybercrime?
How Can Technology Solve the Biggest Retail Challenges?
Channel Loyalty
Content Is King
Delivering Your Brand to the World
Small Business. Big Impact.
Leading Retailers in Canada
Advertisers’ Index
Canadian Retailer - The Technology & e-Commerce Issue - Intro
Canadian Retailer - The Technology & e-Commerce Issue - bellyband1
Canadian Retailer - The Technology & e-Commerce Issue - bellyband2
Canadian Retailer - The Technology & e-Commerce Issue - cover1
Canadian Retailer - The Technology & e-Commerce Issue - cover2
Canadian Retailer - The Technology & e-Commerce Issue - 3
Canadian Retailer - The Technology & e-Commerce Issue - Editor’s Note
Canadian Retailer - The Technology & e-Commerce Issue - 5
Canadian Retailer - The Technology & e-Commerce Issue - Retail Currents
Canadian Retailer - The Technology & e-Commerce Issue - 7
Canadian Retailer - The Technology & e-Commerce Issue - Under the Banner
Canadian Retailer - The Technology & e-Commerce Issue - At Issue
Canadian Retailer - The Technology & e-Commerce Issue - Preparing for Tomorrow Today
Canadian Retailer - The Technology & e-Commerce Issue - 11
Canadian Retailer - The Technology & e-Commerce Issue - Retail 2018: What the Future Has in Store
Canadian Retailer - The Technology & e-Commerce Issue - 13
Canadian Retailer - The Technology & e-Commerce Issue - 14
Canadian Retailer - The Technology & e-Commerce Issue - 15
Canadian Retailer - The Technology & e-Commerce Issue - 16
Canadian Retailer - The Technology & e-Commerce Issue - 17
Canadian Retailer - The Technology & e-Commerce Issue - Living in the Future
Canadian Retailer - The Technology & e-Commerce Issue - 19
Canadian Retailer - The Technology & e-Commerce Issue - Getting Results
Canadian Retailer - The Technology & e-Commerce Issue - 21
Canadian Retailer - The Technology & e-Commerce Issue - Selling Across Borders
Canadian Retailer - The Technology & e-Commerce Issue - 23
Canadian Retailer - The Technology & e-Commerce Issue - Don’t “wannacry” Anymore About Cybercrime?
Canadian Retailer - The Technology & e-Commerce Issue - 25
Canadian Retailer - The Technology & e-Commerce Issue - How Can Technology Solve the Biggest Retail Challenges?
Canadian Retailer - The Technology & e-Commerce Issue - 27
Canadian Retailer - The Technology & e-Commerce Issue - 28
Canadian Retailer - The Technology & e-Commerce Issue - 29
Canadian Retailer - The Technology & e-Commerce Issue - Channel Loyalty
Canadian Retailer - The Technology & e-Commerce Issue - 31
Canadian Retailer - The Technology & e-Commerce Issue - 32
Canadian Retailer - The Technology & e-Commerce Issue - 33
Canadian Retailer - The Technology & e-Commerce Issue - 34
Canadian Retailer - The Technology & e-Commerce Issue - 35
Canadian Retailer - The Technology & e-Commerce Issue - Content Is King
Canadian Retailer - The Technology & e-Commerce Issue - 37
Canadian Retailer - The Technology & e-Commerce Issue - 38
Canadian Retailer - The Technology & e-Commerce Issue - 39
Canadian Retailer - The Technology & e-Commerce Issue - Delivering Your Brand to the World
Canadian Retailer - The Technology & e-Commerce Issue - 41
Canadian Retailer - The Technology & e-Commerce Issue - Small Business. Big Impact.
Canadian Retailer - The Technology & e-Commerce Issue - 43
Canadian Retailer - The Technology & e-Commerce Issue - Leading Retailers in Canada
Canadian Retailer - The Technology & e-Commerce Issue - 45
Canadian Retailer - The Technology & e-Commerce Issue - Advertisers’ Index
Canadian Retailer - The Technology & e-Commerce Issue - cover3
Canadian Retailer - The Technology & e-Commerce Issue - cover4
Canadian Retailer - The Technology & e-Commerce Issue - 52
Canadian Retailer - The Technology & e-Commerce Issue - 53
Canadian Retailer - The Technology & e-Commerce Issue - 54
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