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Federal government wants to position Canada as a global leader in cybersecurity

New program with investment of $80 million over four years

With the digital economy continuing to grow rapidly, accelerated by the COVID-19 pandemic, cybersecurity is an ever-increasing concern for Canadians and businesses. Aware of this reality, the federal government announced this Thursday the new Cyber Security Innovation Network program, a federal investment of $80 million over four years.

François-Philippe Champagne, Minister of Innovation, Science, and Industry said today’s announcement builds on the Digital Charter’s commitment to safeguard Canadians’ digital privacy and security. “It will also help maintain Canada’s role as a world leader in cyber security, creating well-paying jobs and economic growth”, reads the press release.

The program will fund the creation of a national network composed of multiple centres of expertise on cybersecurity that are affiliated with post-secondary institutions from across Canada, in collaboration with partners in the private sector, not-for-profits, provincial/territorial/municipal governments and other Canadian post-secondary institutions.

The network will work with these partners to enhance research and development, increase commercialization, and develop skilled cybersecurity talent across Canada.

According to Statistics Canada, the Canadian cybersecurity industry contributed over $2.3 billion to GDP, leading to the creation of 22,500 jobs in 2018.

Canadian businesses, which are increasingly dependent on the internet for the functioning of their systems and the storage of data, becoming increasingly vulnerable to digital attacks, reported spending of $7 billion in 2019 to prevent, detect and recover from cybersecurity incidents.

Today’s announcement coincides with the celebration of World Password Day, celebrated on the first Thursday of May. For Check Point Software, cybersecurity education is increasingly important – at a time when the spread of remote work earns points – and begins with the use of passwords that guarantee the protection of personal data and sensitive information.

Cybersecurity can be explained, in summary, as a set of technological tools and actions that protect computers, servers, systems, networks, programs and mobile devices against digital attacks and unauthorized access. The main purpose is to protect data processed, stored, and transported in digital media, maintaining its integrity, confidentiality, and availability. ■

 

 

 

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