- What is cyber security - What is the market for cyber security - Cyber Security issues facing small to medium business - pipeda - Trade and Foreign Affairs

1. Cybersecurity and Business
By: Paul Young, CPA, CGA

2. • This presentation is one perspective when it comes to cybersecurity
and business

3. Paul Young - Presenter
Bio
• CPA/CGA
• 25 years of experience in Academia, Industry and Financial solutions
• Youtube Channel -
https://www.youtube.com/channel/UCAArky1bAXPSuV2NLtUnyLg

4. Agenda
• What is Cybersecurity
• What is market for cyber security?
• Small and medium size business issues with cyber security
• What can be done / Cybersecurity?
• PIPEDA

5. What is cyber security?
• Cybersecurity is the body of technologies, processes and practices
designed to protect networks, computers, programs and data from attack,
damage or unauthorized access. In a computing context, the
term security implies cybersecurity. According to a December 2010 analysis
of U.S. spending plans, the federal government has allotted over $13 billion
annually to cybersecurity over the next five years.
• Ensuring cybersecurity requires coordinated efforts throughout an
information system. Elements of cybersecurity include:
• Application security
• Information security
• Network security
• Disaster recovery / business continuity planning
• End-user education.

6. Cyber Security Market
• Cyber Security Market worth $170.21 Billion by 2020
• The report "Cyber Security Market by Solution (IAM, Encryption, DLP, Risk
and Compliance Management, IDS/IPS, UTM, Firewall,
Antivirus/Antimalware, SIEM, Disaster Recovery, DDOS Mitigation, Web
Filtering, and Security Services) - Global Forecast to 2020",The cyber security
market has been segmented into cyber security solutions and services. New
technologies are emerging and many players are investing into new solutions
in the cyber security market.

7. Small/Medium Size Business – Cyber Security
• A recent survey by Shred-it reveals that Canadian businesses view human error as the
greatest risk to their information security but very few are implementing training programs
and establishing protocols to help employees recognize these risks.
•
According to the 2016 Security Tracker Survey results, 41 per cent of responding C-suite
executives and 47 per cent of responding small business owners recognize that employee
lack of knowledge and human error concerning information security protocols are the
biggest threats to their company in the future.
Despite this finding, Canadian businesses seem not to be prioritizing employee training
and auditing on company information security procedures and industry legal
requirements. According to the study, 31 per cent of respondents among C-suite
executives say they train employees more than once a year on their industry's legal
compliance requirements. Among small business owners, 39 per cent of respondents
never train employees on their company's information security procedures, 31 per cent
only do it on an ad-hoc/as-needed basis and 47 per centonly audit their policies every few
years or less.

8. Areas of focus for small business
• Work with companies expert in cybersecurity
• http://www.prnewswire.com/news-releases/top-20-cyber-security-companies-2015-analysis-of-
leading-players-competitive-positioning--future-market-opportunities-300288895.html
• Antivirus software
• Norton
• 90 day rules for passwords
• VPN connections
• Changing passwords
• Backup and recovery plan
• System Audit
• Outside accounting firm
• Blocking
• Zip files
• White listing -

9. PIPEDA
• European Union
• http://www.torys.com/insights/publications/2015/10/for-safe-harbor-steer-
north
• Canada and PIPEDA
• https://www.priv.gc.ca/resource/fs-fi/02_05_d_15_e.asp

10. Contact/other sources
• Contact: paul_young_cga@Hotmail.com