Media Coverage

Today, Trend Micro released its cybersecurity predictions for 2022 which predicts that organizations will be better prepared to handle cyber risks as they build out and implement proactive security strategies.

There was a 150-per-cent year-over-year ransomware surge in 2020. This is a huge concern, especially because 80 per cent of organizations globally now have a hybrid cloud strategy and 92 per cent have a multi-cloud strategy, according to a report from Trend Micro.

Recently in Canada ransomware attacks have plagued companies and organizations, with digital extortionists encrypting data, compromising communication, data security, and overall productivity. In today’s increasingly virtual world, these attacks are growing in both volume and ease, with inimical consequences that can impact almost any company or essential service, as seen recently in the attack on the Toronto Transit Commission. “Any technology that has an operating system is vulnerable”, said Greg Young, Vice President of Cybersecurity and Corporate Development at Trend Micro.

Trend Micro has served its Canadian customers who require data to be resident in Canada through its Deep Security, which is available on-prem as well as in the cloud, but Trend is now pursuing a cloud-first global strategy, and the Canadian data centre is part of that.

Government representatives of 30 nations including Canada have agreed to recognize ransomware as an escalating global security threat with serious economic and security consequences and have committed themselves to “urgent action.” On this matter, Canadian-based vice-president of cybersecurity at Trend Micro Greg Young, commented that the private sector is doing all it can to shield against ransomware, but governments need to move to stop the attack groups who create and use it.