In today’s digital business environment, enhanced and holistic cyber security is essential. However, many companies continue to struggle with resilience, often experiencing breaches that lead to everything from compliance issues, to lost and stolen data and, ultimately, to brand damage and revenue loss. And though it is easy to read about these breaches, the causes and potential solutions are rarely identified.
It is for these reasons that Calian has created the Breach Report. Each month, we spotlight a particular type of company, the breach it has experienced, and what it could have done to mitigate risk against the specific type of cyber attack—all to create better insight for the general public and to educate people on proper cyber security best practices.
In this month’s report, we spotlight a disturbing data breach: Desjardins Group says the theft of member data announced in June 2019 is far larger than initially thought, affecting all 4.2 million individual members of the credit union—the entirety of Desjardins’ personal-banking clientele. The data breach is thought to be one of the largest ever among Canadian financial institutions.