Tag Archives: cyber security

Security Firm OneSpan Opens R&D in Montreal

Security firm from Chicago is opening a center in Montreal to do their R&D. They will be investing $9m to operate the center there.

This is on top of their existing office there where they employ 150 employees. This new addition should add another 100 hires.

Company claims to have over 10,000 clients and employs over 600 employees worldwide.

Data breaches, identity theft, and financial fraud have become all too common features of our modern digital life. OneSpan is dedicated to protecting people from financial fraud and stopping billions of dollars in losses for consumers, banks, and businesses.

Our new Montréal R&D centre and the city’s world class technical talent will play a prominent role in ensuring OneSpan remains at the forefront in preventing fraud in the global financial services industry.

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Scott Clements

Chief Executive Officer, President, and Director at OneSpan

This is a big win for Quebec government who had their share of controversy in the last few months. This shows that current Quebec government can attract foreign investment into the province.

Eric Girard, Quebec’s Minister of Finance, said that “It is essential to develop high-level expertise in personal data and information protection in Québec. Cybersecurity and data protection remain a priority of our government.”

Montreal is well known in the world for its amazing game development contribution with companies like Ubisoft and Eidos. Now they can add two more to their list: artificial intelligence and cyber security.

It is impressive to see that Montreal IT work-force has increased from 100,000 to 150,000 in less than a decade.

Air Canada Hacked

Air Canada said that over 20,000 profiles saved into their mobile app have been compromised and info such as customer’s Aeroplan number, passport number, Nexus number, known traveller number, gender, birth date, nationality, passport expiration date, passport country of issuance and country of residence could have been accessed.

After discovering the breach Air Canada has shut down the app, and is forcing all 1.7 million app users to change their passwords immediately.

Free-Photos / Pixabay

Chester Wisniewski, cyber security specialist, said in an interview with CBC:

“You never want someone to know your name, your birthday and your passport.

I suspect hackers stumbled across a bug in the API.

I don’t think they were targeting Air Canada or they were intent on stealing specific info, there’s a lot of hackers who are just scrolling the internet looking for doors that are ajar. If they find a door that’s open they start monkeying around.”

Some users complained not being able to login, but some others, like this Canadian satire site cracked jokes.

Air Canada said that they have not detected improper use of stolen passwords. Yet.

Gabor Lukacs, Canadian air passenger rights advocate, mentioned that he would recommend people affected to complain to the Office of the Privacy Commissioner, Canada’s watchdog that  provides advice and information for individuals about protecting personal information.

Lukacs said:

“When a corporation collects your data, they have a responsibility to keep it safe. When they fail, it is a matter for the Office of the Privacy Commissioner to investigate.

People may also wish to start a class action against Air Canada in this situation.”

Cyber security is becoming a big issue in Canada, where a recent report from Deloitte mentioned that many cyber security jobs in Canada go unfilled due to lack of experienced professionals.

Not enough cyber security talent in Canada, Deloitte reports

A new report by Deloitte said that Canada is severely lacking cyber security talent , and shortage of talent is not being addressed enough by universities and colleges.

Deloitte says that demand for cyber security professionals is climbing up by a rate of 7% annually with 5,000 of roles expected to be filled by 2021.

Deloitte said that total cyber security employment around the world by 2022 will be around 1.8 million.

This shortage needs to be fixed as soon as possible report states, due to pace of global technological innovation by more than $3 US trillion are expected in lost economic value in 2020 if not addressed.

Report states that universities and colleges in Canada are trying to address the shortage but find themselves in a tough spot as there are not enough qualified professors and instructors.

Deloitte recommends hiring consultants to address the demand, keep up with rising pay, and increase recruitment efforts by using recruitment agencies or consultants to help with hiring.

Report concludes

“For the foreseeable future, Canadian businesses, educational institutions, and governments that look at the cyber talent shortage through a human-centric lens, and take bold and deliberate steps to overcome the challenges will push ahead of their peers.”