Rojin Nair, Advisor
June 1st, 2021
Info Security | James Coker | Mar 10, 2022
IT managed services providers (MSPs) have faced extraordinary challenges during the pandemic. In many cases, they have carried the burden of responsibility for ensuring their customers have been able to continue to operate in the face of an uncertain and constantly changing business environment. At the same time, they have also had to adapt in order to continue to operate and survive.
Nine in 10 (90%) managed service providers (MSPs) experienced a successful cyber-attack in the past 18 months, according to new research by N-able. More than four-fifths (82%) of MSPs reported seeing attacks on their customers rise in the past 18 months, preventing an average of 18 attacks per month.
The research reflected the views of 500 senior decision-makers at MSPs about their security experiences both before the pandemic and today.
Dave MacKinnon, chief security officer at N-able, commented: “MSPs have worked tirelessly throughout the pandemic to ensure that the businesses they support can stay online and connected as circumstances changed. But the cyber-criminals they’re protecting against are working equally as hard to make use of these shifts against their targets. MSPs need to understand how the threat landscape continues to evolve and make the changes needed to protect both their customers and themselves and make the most of the enormous opportunity that enhancing security provides.”
Over half of respondents experienced financial loss and business disruption following an attack. At the same time, 46% said they had lost business, 45% suffered reputational effects and 28% saw their customers suffer a loss of trust.
The most common attack methods detected by MSPs were phishing (75%), DDoS (56%) and ransomware (42%).
Attachs on MSPs are on the rise. SMEs are increasing their security budgets.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
![]() | ![]() | ![]() |
Support NCFA by Following us on Twitter!Follow @NCFACanada ![]() Not to be missed! Registration NOW OPEN! |
Radical Compliance | | Feb 23, 2022
The United States’ top cybersecurity regulator published a special bulletin this week listing numerous measures companies should implement immediately to ward off possible attacks from Russia during its Ukraine invasion.
CISA, the Cybersecurity Infrastructure and Security Agency, issued the bulletin on Tuesday in conjunction with the Department of Homeland Security. Both agencies stressed that they have no evidence of any specific cyber attacks Russia might be planning, but “we are mindful of the potential for the Russian government to consider escalating its destabilizing actions in ways that may impact others outside of Ukraine.”
In other words — head in the game, people! Corporations around the world need to prepare now for any distractions or disruptions Vladimir Putin might cause abroad while he tries to take over Ukraine.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
![]() | ![]() | ![]() |
Support NCFA by Following us on Twitter!Follow @NCFACanada ![]() Not to be missed! Registration NOW OPEN! |
February 9, 2022 (Toronto, Ontario) – The Investment Industry Regulatory Organization of Canada (IIROC) is warning Canadian investors not to be fooled by Hashminer.io.
Investors have recently contacted IIROC asking about companies that claim to require account insurance through regulatory bodies like IIROC, including companies doing business as Hashminer.io or possibly as SaveFunds-Trading.com.
IIROC-regulated investment firms and individuals must meet our high standards and deal fairly, honestly and in good faith with Canadian investors. We urge Canadian investors to exercise caution when dealing with non IIROC-regulated firms.
IIROC also does not play a role in providing insurance or approving withdrawals from investor accounts. Any company asking for payment or to increase the amount on deposit with them before approving a withdrawal is likely fraudulent.
Learn more about red flags with IIROC's Tips to Spot and Prevent Fraud.
Certain crypto assets have generated a lot of hype. All investors must be informed and ask themselves important questions before purchasing higher-risk investment products that do not trade on stock exchanges.
Canadian investors should always confirm investment firms are registered with IIROC or with the CSA.
Investors can also check the background, qualifications and any disciplinary history of investment advisors registered with IIROC by checking the free AdvisorReport.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
![]() | ![]() | ![]() |
Support NCFA by Following us on Twitter!Follow @NCFACanada ![]() Not to be missed! Registration NOW OPEN! |