Canadian Centre for Cyber Security’s Cyber Threat Assessment Released….. It Says That Foreign Actors Are A Major Threat

Last week, the Canadian Centre for Cyber Security’s Cyber released their Threat Assessment to the public.

Findings from the report identified state-sponsored programs in China, Russia, Iran and North Korea as major cyber-crime threats and said it feared foreign actors could try to disrupt power supplies. The Communications Security Establishment (CSE) signals intelligence agency, equivalent to the U.S. National Security Agency, said the four nations’ programs posed the greatest strategic threat to Canada. What this basically says to me is that companies need to up their cybersecurity defenses so that they aren’t victims of these foreign actors.

Here’s some more facts:

  • The state-sponsored cyber programs of China, Russia, Iran, and North Korea pose the greatest strategic threats to Canada.
  • They have assessed that state-sponsored actors will almost certainly continue to attempt to steal Canadian intellectual property and proprietary information, especially related to COVID-19.
  • Online foreign influence campaigns are the new normal, and no longer limited to key political events such as election periods.
  • Adversaries now look to influence discourse on both domestic and international current events. 

David Masson, Director of Enterprise Security for Darktrace had this to say about the report:

This report is a welcome refresher. Many times, organizations wait to take security precautions after a cyber-attack has already caused damage. However, this is a call to action, sounding the alarm for organizations to listen up and take action now before it’s too late. By outlining the cyber threats that Canada faces, the Canadian Cyber Security Centre has brought companies’ and organizations’ attention to the scope and scale of the 21st century threats they face. Companies should take this time to reevaluate their own security solutions and strategies and pay close to attention to how they can improve. 

Some of the most concerning notes in the report are the convergence of IT and OT systems and the increase in ransomware attacks. It also draws attention to the fact that state-sponsored actors will continue to attempt to steal Canadian intellectual property and proprietary information, especially related to COVID-19. Cybercriminals have always been inherently opportunistic – they are constantly innovating and looking for new, creative ways to take advantage, disrupt and make as much money as possible. 

As cyber threats begin to outpace human abilities, this report reminds us that combatting the rising threats will be a combined effort between Government, the private sector, and individual Canadian citizens.

Those who are responsible for defending their IT infrastructure should give the report a read and act accordingly.

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