Large Canadian firms might be ready, but for smaller companies, it’s a different story
“We are literally and figuratively poking the bear,” Shipley said. “So Canadians should not feel that we are not connected to this conflict. We are.”
Large Canadian companies might be ready. For example, Canada’s six largest banks spent about $100 billion on technology between 2009 and 2019, and significant portion of that spending was on tech “dedicated to security measures,”For smaller companies, it’s a different story.
Graham, who has a background in information technology, said she has seen even the smallest of companies, with just two computers on their network, targeted by hackers. She founded the company in 2018, frustrated by the high cost of cybersecurity, which she felt was deterring firms from protecting themselves from hackers.
Cybersecurity is something that upper management don’t really want to think about, especially if they lack a background in information technology, or IT. But their participation and willingness is crucial. “It’s not just an IT problem anymore,” said Graham. “It’s a company-wide problem.”Article content
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