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Source: Mastercard

Small businesses are the backbone of economic growth. The needs of small businesses have not changed during the pandemic, but they have grown more acute. With cyberattacks on the rise, small businesses are a huge target.

A data breach at Desjardins – the largest ever in the Canadian financial services sector – was caused by a series of gaps in administrative and technological safeguards, according to an investigation by the Office of the Privacy Commissioner of Canada (OPC).

The worldwide move to remote home working has contributed to a massive rise in cybercrime costs which are expected to top $1trn for the very first time this year.

Ticketmaster has been fined £1.25 million over a 2018 data breach which saw the payment details of millions of people compromised, with tens of thousands of cards subjected to known fraud.

Source: CommBank

Commonwealth Bank has partnered with the Australian Computing Academy (ACA) to help educate children as young as 10 years of age about cyber security.

Sopra Steria says it will take a number of weeks to restore its systems to full operating capacity after confirming an attack by hackers using a new version of Ryuk ransomware.

European IT services group Sopra Steria is battling a suspected ransomware attack on its network.

The Financial Stability Board is urging banks and regulators to use a newly-launched toolkit to help contain the damage inflicted by a major cyber incident.

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