Cybersecurity standards emerging in Canada as ransomware business booms

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Recent victims have included large corporations such as retailer London Drugs, as well as the City of Hamilton and the government of Newfoundland and Labrador.

But the criminals who sometimes brag of their attacks on the so-called dark web don't seem fussy about their targets, based on a small sample of the targets listed by B.C.-based threat analyst Brett Callow. Among them have been a B.C. library network, the province's First Nations Health Authority and an Ontario charity for disabled children.

However, the advent of cryptocurrency has given cybercriminals who often operate in foreign jurisdictions a way to monetize data theft, he said. They range from financial and reputational damage to possible legal liability amid "emerging" standards for cybersecurity in Canada, he said. Charleston said proposed new federal and Ontario laws could herald minimum levels of security for certain sectors.

The company later confirmed that data that "may contain some employee information" was released, saying it was "unwilling and unable" to pay a ransom to hackers it described as "a sophisticated group of global cybercriminals." Canadian government officials including Public Safety Minister Dominic LeBlanc issued a joint statement on Monday aimed at raising awareness of the threat "posed by malicious cyber activity by foreign states and their affiliates."

A proposed cybersecurity bill is also making its way through the federal legislative process. If passed, it would provide a framework for the protection of online systems vital to national security or public safety, including empowering officials to require certain service providers to implement cybersecurity programs.

"It's less likely, I think, that the courts are going to get into what meets the standard of adequate data security and cybersecurity controls … until some of this guidance comes along from government," he added. Charleston said organizations were constantly updating their systems, giving hackers "fresh landscapes" to exploit.

Over the next year-and-a-half, 44 per cent of all mortgages will be up for renewal in Canada. To help guide consumers through these uncertain financial times, CTV News reached out to more than 50 mortgage brokers across Canada with a list of questions. Their answers provide professional guidance for individuals and families searching for clarity and sound advice.

Amid renewed scrutiny over the cost of Canada's consumer carbon tax, following a miscalculation by Parliamentary Budget Officer Yves Giroux, Deputy Prime Minister and Finance Minister Chrystia Freeland is standing by the Liberal policy, calling the error an 'honest mistake.'An Ontario nurse who's worked in the health-care field for more than 15 years says the staffing levels have never been as bad as they are now.

A New York man was charged Tuesday in a sports betting scandal that spurred the NBA to ban Jontay Porter for life, with the charges marking the first known criminal fallout from the matter.Alberta Premier Danielle Smith is looking to extend her winning streak as the Edmonton Oilers prepare to face off against the Florida Panthers for the Stanley Cup.The Vancouver Whitecaps will host the Red Dragons for a friendly on July 27 in the final game of the Welsh club's pre-season tour.

An Ontario senior whose $4,000 e-bike was recently stolen says his insurance policy only covered a quarter of its value.The Toronto Regional Real Estate Board says home sales in May were down 21.7 per cent from last year, but new listings continued to rise as homeowners anticipate a bump in demand.

A preliminary report outlining the costs associated with improving Route 90, and widening Kenaston Boulevard, has been released – and it’s expected to cost a pretty penny.'More accessible to all women': Dress for Success Regina celebrates grand opening at new location

 

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