Keyfactor released a survey and it revealed that 87% of surveyed cybersecurity professionals think more privacy and security legislation is required to better protect Canada’s businesses and consumers.

Chris Hickman from Keyfactor said that while the federal government continues to introduce cybersecurity consortiums and guidance, professionals on the front lines know that consortiums do little to protect their business and consumers from attacks and data loss. The resource divide that exists across small and large enterprise, combined with standards inconsistencies, make us vulnerable to attacks.

According to the survey, 58% of respondents think regulators and elected Canadian officials are not doing enough to standardize security guidance on measures like data encryption.

Many of today’s large-scale breach events are the result of basic security measures that are overlooked or neglected, attackers looking for low-hanging fruit are commonly able to infiltrate a business’s network – and its customers – by compromising vulnerable IoT (Internet of Things) devices or stealing highly sensitive keys and digital certificates.

The survey also found that:
50% of respondents cite manual and complex processes as their greatest challenge in managing PKI
43% of respondents were most concerned about their ability to securely adopt DevOps, cloud and IoT

As the federal election looms, Canadians should closely evaluate each party’s cybersecurity pledge and what it means to their own digital security as an online consumer. Broadly, whether large or small, Canadian businesses are struggling with IT and security resourcing. Without stronger government standardization and actionable support, businesses and consumers downstream face rising security risks said Chris Hickman.