Execs Say Cyber Attacks are Top Business Risk

The 15th EY Global Fraud survey reveals that 66% of Canadian respondents believe a cyber-attack is the biggest risk to their business. Visit https://go.ey.com/2xsDee3 for the full report.

“Recent high profile data breaches and concerns over online privacy are creating new risks for Canadian businesses,” says Zain Raheel, EY Canada Fraud Investigation & Dispute Services Leader. “Ongoing cybersecurity threats point to a critical need for rigorous and focused incident response plans to detect potential breaches and help minimize the occurrence of attacks.”

It is important to bear in mind that the growing sophistication of attacks are increasing the vulnerability of the workforce. And while Canadian respondents recognize the importance of integrity among their people, little or no clarity exists as to who in the organizations is responsible to ensure that employees behave.

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