January 20, 2016
With cyber attacks steadily increasing in sophistication, frequency and magnitude, we must ask ourselves whether Canada is ready to meet the challenge these threats pose to our economy, national security and the overall wellbeing of Canadians. Unfortunately, when compared to the United States, the United Kingdom or Germany, Canada is clearly lagging in terms of cyber readiness.
This is in part due to a lack of Canada-specific data on the types of cyber attacks affecting the public and private sectors in this country. While the pending mandatory data breach notification provisions under the Personal Information Protection and Electronic Documents Act will likely help in this regard, the notification requirement will be limited to personal information and won’t cover cyber attacks involving the theft of intellectual property, trade secrets or other types of critical business information. Within this environment, it’s understandable that the public and private sectors have struggled to develop an effective and comprehensive cyber strategy.