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Feb 13, 2023

Comprehensive Strategies Needed To Manage Cybercrime

The threat of cybercrime must be managed with a clear and comprehensive strategy, says Randy Purse, senior cybersecurity advisor with Rogers Cybersecure Catalyst at the Toronto Metropolitan University. Speaking at the Retail Council of Canada (RCC) ‘Cybersecurity Awareness’ webinar, he said, “When digital systems are compromised, the impact is far-reaching for retailers.” Profits can decline, reputations are tarnished, and sensitive information falls into the public domain. The results of cybercrime also create a myriad of issues up and down the supply chain. To mitigate the risk of a cybercrime strike, retailers should install anti-virus software, firewalls, a critical data backup for systems, and multi-factor authentication (MFA). If a retailer’s business has been targeted, the proper authorities should be notified. Purse says that running a security scan, quarantining data, removing malware, and, when it is deemed to be safe, recovering data from a back up would be the best course of action.

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