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ARTICLE · 19 DECEMBER 2017

Cyber-Security - The Ransomware Attack On The University Of Calgary

Kelly Nicholson was the Chair of this panel.

CanadaTechnology

Kelly Nicholson (Field Law) was the Chair of this panel. Panel participants were Linda Dalgetty (Vice President (Finance and Services), University of Calgary) and Justin Fong (Partner, Cyber-Security Division, Deloitte).
 
Justin detailed how cyber-attacks have risen to number five on the world's top threats list. As the data volume of our organizations increases, so too does our risk of attack. There are a number of different kinds of "hackers" (from casual limited attacks to advanced, persistent threats from hostile nation-states). Alarmingly, most cyber-attacks go unnoticed at first: it takes an average of 241 days to detect an attack and begin to respond.
 
In May of 2016, the University of Calgary suffered a catastrophic ransomware attack affecting a number of key areas. Linda Dalgetty discussed the importance of utilizing your resources (including following insurance recommendations) and ensuring your board of governors is ready to respond in a timely

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