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ARTICLE · 03 OCTOBER 2018

Global Patterns And Risks In Cybersecurity

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What are the emerging patterns and risks for cybersecurity in Canada, the United States, European Union and Australia?

CanadaTechnology

What are the emerging patterns and risks for cybersecurity in Canada, the United States, European Union and Australia? A global panel shared their views and predictions at last week's 64th Pacific Rim Advisory Council (PRAC) conference in Calgary.

Here are their key insights:

Patterns

  • Businesses need to take steps to understand their supplier's cybersecurity hygiene—and include contractual terms in their agreements that require the provider to abide by a particular standard, permit the business to audit compliance with that standard, and require notification by the third party of a breach of safeguards. Other contractual terms should also identify which party will bear the costs associated with a cyber attack.

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