Cybersecurity Now! Cybersecurity Guidance For Yahoo!, Your Dry Cleaner And Everyone In Between

Cybersecurity incidents have a tendency to grab headlines and compromise business value. Recently, we posted about the impact two major cybersecurity breaches had on Yahoo! ("Yahoo"). Hackers managed to gain access to vast databases of Yahoo users' information. When Yahoo eventually disclosed the breach, it caused Yahoo's market capitalization to fall by almost $1.3 billion. It was a cautionary tale that simultaneously reminded business people of the reality of cybersecurity threats and the value of transparency and preparedness in dealing with them.

This cautionary tale does not apply exclusively to tech giants. In March of 2019, the Canadian Centre for Cyber Security (the "CCCS") – an agency of the Canadian federal government – published the Baseline Cyber Security Controls for Small and Medium Organizations (the "Baseline Controls").