If the past week is any indication, cybersecurity will continue to be an issue that will have to be kept top of mind for lawyers, individuals and organizations. Here are a few of the top stories:
- Symanetc reported that cybercrime is costing Canadians $3 billion US annually.
- Adobe reported a massive security breach affecting 2.9 million customers. Some of its confidential source code was also accessed.
- Thirteen hackers associated with Anonymous were indicted for cyber-attacks against targets that refused to process payments for WikiLeaks, the anti-secrecy website founded by Julian Assange.
- The Cloud Security Alliance published its third set of Guidelines for Mobile Security and Data Management.
- There was a report that the Canadian government is working behind the scenes to create a new ISP code of conduct that will require ISPs to alert customers that their computer or electronic device may be compromised by botnets or other malicious software.
Last week’s news is just the tip of the iceberg. Several months ago McAfee and the Center for Strategic and International Studies published a study estimating that cybercrime costs the global economy between $100 billion and $500 billion annually.