Corporate Investigation #1 Securing Your Corporation

Why Hiring a Private Investigator for Cybersecurity Threats is Essential

Cybersecurity threats are one of the most common and critical problems faced by corporations today.

Canadian executives are increasingly concerned about cybercrime, which they consider their most significant threat. The cyber threat landscape in Canada has undergone significant changes in the past year, driven by geopolitical tensions, economic fluctuations, and rapid digitization due to the pandemic.

According to the Canadian Cyber Threat Intelligence Annual Report by PwC Canada, 11% of Canadian CEOs believe their companies will face high or extreme exposure to cyber risks in the next 12 months, and 18% expect this risk to persist over the next five years. The average cost of a data breach in the United States, as reported by Statista, is $9.4 million, with phishing attacks costing $17,700 per minute to execute.

As businesses increasingly rely on digital technologies and the internet, they become more vulnerable to cyberattacks. These threats pose significant risks to the confidentiality, integrity, and availability of sensitive information and can lead to financial losses, reputational damage, and legal consequences. Corporations face a wide range of cybersecurity threats, including: phishing, ransomware, malware, insider threats, increased connectivity, remote work, Supply Chain Vulnerabilities, denial of service (DoS) and distributed Denial of Services (DDoS) attacks, Advanced Persistent Threats (APTs), Zero-Day Vulnerabilities, Data Breaches and Privacy Concerns, Non-compliance with data protection laws and industry regulations, Insufficient cybersecurity awareness among employees and some others.

As the risk environment evolves, threat actors are adopting artificial intelligence (AI) and other innovations to bolster their attack strategies, leading to more complex and sophisticated cyber attacks. The report highlights several top cyber threats faced by Canadian organizations in the past year. These include ransomware attacks, state-sponsored threat actors, supply chain disruptions, phishing attempts, and exploitation of vulnerabilities and gaps in cloud computing, resulting in significant financial losses.

In the coming year, the Canadian threat environment will be influenced by several key trends:

AI-driven cyberattacks will reshape the threat landscape, with organizations needing to adopt AI platforms while implementing the right controls to secure their operations.

Ransomware attacks will become even more sophisticated, with ransom demands escalating as operators use advanced strategies to disrupt organizations.

Data breaches, particularly those originating from third-party compromises, will remain a significant threat.

Organizations will need to assess security risks related to their supply chain partners and third-party vendors.

Geopolitical tensions between nations will drive an increase in cyber threat activity, with potential targets extending beyond governments to include critical infrastructure and key industries.

Threats targeting Internet of Things (IoT) and operational technology (OT) devices will grow rapidly, posing risks to business operations, public safety, and national security.

With threat actors gaining access to advanced malware tools at lower costs, cyberattacks are expected to become more targeted and damaging. Embracing a holistic approach to cybersecurity will be crucial for managing the evolving cyber  threat landscape in 2023 and beyond.

 Private investigators:

PI can play a significant role in helping corporations address cybersecurity risks and enhance their overall cybersecurity resilience. They can contribute in the following ways:

Threat Intelligence and Risk Assessment:

Private investigators can gather threat intelligence from various sources to help corporations understand the evolving cyber threat landscape specific to their industry and region. They can also conduct risk assessments to identify potential vulnerabilities and weaknesses in the company’s cybersecurity infrastructure.

Insider Threat Investigations:

Private investigators can conduct internal investigations to identify and mitigate potential insider threats posed by employees or trusted individuals who might misuse their access to sensitive data.

Cybersecurity Due Diligence:

When corporations are considering partnerships, acquisitions, or collaborations with other companies, private investigators can conduct cybersecurity due diligence to assess the security practices of potential partners and identify any past incidents.

Incident Response and Forensics:

In the event of a cyber incident, private investigators can assist in conducting digital forensics to determine the source and impact of the attack. This information is critical for containment, remediation, and potential legal actions.

Security Awareness Training:

Private investigators can assist in developing and implementing security awareness training programs for employees. This training helps educate staff about common cybersecurity threats, such as phishing, and empowers them to recognize and report suspicious activities.

Vendor and Supplier Security Checks:

Private investigators can conduct background checks on vendors and suppliers to ensure that they meet security standards and don’t pose additional risks to the corporation’s data and operations.

Reputation Management:

In the aftermath of a cyber incident, private investigators can assist corporations in managing their reputation by monitoring online discussions, identifying false information, and taking appropriate actions to address misinformation.

Competitive Intelligence:

Private investigators can gather intelligence on competitors’ cybersecurity practices, potential threats, and vulnerabilities to help corporations stay proactive and competitive in the market.

Threat Hunting and Monitoring:

Private investigators can work with cybersecurity teams to conduct proactive threat hunting and continuous monitoring to detect and respond to potential threats before they escalate.

Compliance and Regulatory Support:

Private investigators can assist corporations in ensuring compliance with cybersecurity regulations and industry standards.

It’s essential to note that while private investigators can provide valuable assistance in cybersecurity matters, they are not always a substitute for cyber security experts or a comprehensive cybersecurity strategy. The best way for Corporations is to collaborate with both cyber security specialists and private investigators to effectively address cybersecurity risks and ensure a robust defense against cyber threats.


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