When the Big Banks Feel the Threat of Cyber Attacks They Move to Act
We’ve been saying this for a few years now, but Cyber attacks, hacks, and threats are real and cause significant damage to a business that falls victim to a privacy breach. This CBC article highlights the efforts of research at the University of Waterloo into developing defences against cyber incursions.
Three projects – using machine learning and AI to target threats, developing safety and security of consumer data, and one using advanced mathematics and computer science to increase encryption methods – will help defend everyone’s data in the future.
CBC Reports Hacked Information Includes Name, Email, User Names and Phone Numbers
Reading further herethe telecom giant had to send out notices to the affect clients. Imagine the cost of that notice? Even if the cost is only 20 cents per client that’s still a $20,000 expense!
