A survey by Statistics Canada has found the cost of being hit with a cybercrime has risen substantially and creates burdensome business overheads. The survey, titled “The Changing Landscape of Cyber Security Following the COVID-19 Pandemic,” found the average cost of dealing with a cybercrime rose to $19,000 in 2021, compared to $11,000 just two…
Cybercrime Getting More Costly for Businesses, StatCan Survey Shows
A survey by Statistics Canada has found the cost of being hit with a cybercrime has risen substantially and creates burdensome business overheads. The survey, titled “The Changing Landscape of Cyber Security Following the COVID-19 Pandemic,” found the average cost of dealing with a cybercrime rose to $19,000 in 2021, compared to $11,000 just two…
IRS to Send Attachés Abroad to Fight Cybercrimes
The Internal Revenue Service’s (IRS) Criminal Investigation (CI) unit will launch a pilot program in June in which cyber attachés will be sent across four continents to combat cybercrime, the agency announced on May 18. This initiative focuses on cracking down on tax and financial crimes involving cryptocurrency, decentralized finance, peer-to-peer payments, and mixing services. It…
The South Korea Imperatives
Commentary Callista and I recently visited South Korea to participate in Peace Summit 2023, an event hosted by the Universal Peace Federation. The federation is a remarkable organization with activities in nearly 140 countries, and the summit was an amazing experience. Visiting Seoul is always fascinating, and this year it was especially educational. We joined…
Online Drug Trafficking on the Rise, Police Need Resources to Respond
There’s a growing trend of online encrypted drug dealing that a study says needs more attention by police. Richard Frank, an associate professor of criminology at Simon Fraser University in Burnaby, B.C., says the encrypted markets are attractive to buyers and sellers for lower prices, contactless transactions and a large variety of drugs available. He…
Medibank Hackers Begin Releasing Customer Data After Ransom Deadline Passed
The hacking syndicate behind the Medibank cyberattack has followed through on its threat to release the personal details of nearly 10 million Medibank customers after the company refused to pay the ransom. Personal data, including names, addresses, dates of birth, phone numbers, email addresses, Medicare numbers for ahm health insurance customers, some passport numbers for…
Protect What You’ve Earned: 7 Ways to Safeguard Your Financial Investments
Society has come under a unique amount of stress in recent years. So have plenty of financial investments. A pandemic created economic disruption around the globe. The “Great Resignation” put pressure on businesses—pressure that those companies have passed along to consumers in different ways. Ongoing inflation continues to aggravate income and increase expenses. War in…
Details of Over 1.2 Million Credit Cards Leaked Onto DarkWeb BidenCash Website
October 13, 2022
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The credit/debit card details of over 1.2 million people worldwide have been leaked onto a dark web site called BidenCash. Cyble, a global threat intelligence provider, found that the leaked database contains information including card numbers, expiry dates, CVV numbers, and emails of consumers across the globe, including the United States and Australia. “The subject…
China, Russia Believe Themselves at War With the West, Says CAF Top Official
China and Russia consider themselves to be at war with Canada and Western democracies, and are showing a willingness to launch large-scale violent conflicts, which Canada must prepare for, the head of the Canadian Armed Forces (CAF) told parliamentarians. Chief of Defence Staff Gen. Wayne Eyre made the remark during a House of Commons standing…
China, Russia Believe Themselves at War With the West, Says Canada’s Military Chief
China and Russia consider themselves to be at war with Canada and Western democracies, and are showing a willingness to launch large-scale violent conflicts, which Canada must prepare for, the head of the Canadian Armed Forces (CAF) told parliamentarians. Chief of Defence Staff Gen. Wayne Eyre made the remark during a House of Commons standing…
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