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Canadian companies have ‘false sense of security’ when it comes to cyber threats: report

Deloitte concluded that Canadian organizations are “lagging when it comes to proactive threat management,” and noted that only half the organizations surveyed even have a defined cyber recovery process.

Many Canadian businesses have “wrapped themselves in a false sense of security” when it comes to resisting cyber attacks, according to a new survey by Deloitte.

A false feeling of preparedness, often because there has been no attack to date, leaves the door open “even wider for the would-be attackers,” according to Thursday’s report, which was based on responses from more than 100 major organizations across all major sectors.

On Wednesday, Target Corp., the U.S. retailer at the heart of a massive headline-grabbing cyber data breach in 2013, agreed to pay nearly US$40 million to resolve claims by banks and other financial institutions.

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