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Businesses Moving More Services to the Cloud, Heightening Security Risk

Many companies are moving sensitive activities to cloud providers, thus becoming at risk for cyber scams. This could come in the form of an email phishing scam, where a hacker gets access to your mailbox allowing them to steal HR data and redirect payments.

Manish Khera, Cyber Security Incident Response and Investigations Leader with Ernst and Young Canada, says companies are at great risk when a hacker phishes the “right person” in the company. He has spoken publicly about lessening cyber risk, helping employers make sure their employees do not fall victim to scams and citing proper training as a key mitigation technique. Other forms of protection include using multi-factor authentication and browser plug-ins that inform users when their passwords have been compromised. For more information, contact your broker or company agent.