Changing the way you approach the threat of cyber crime The prevailing approach to cybersecurity is not working. Although today’s businesses are spending billions of dollars on cybersecurity, online threats are nevertheless compromising organizations at an unprecedented rate. Why? Because the consensus approach to these threats is flawed: it assumes that cyber crime is a purely technical issue and thereby underestimates the significance of human behavior in the security equation. Even an organization with the most hardened of systems can fall victim to cyber threats if the training of its personnel is not commensurate with the sophistication of its equipment. Furthermore, many contemporary approaches to cyber risk fail to anticipate the rapidly evolving nature of the threat. Unlike in the case of physical security, where a well-protected building today is likely to remain so tomorrow, the cyber threat landscape is rapidly changing – an organization’s security status can rapidly shift from “well-protected” to “wide-open” in a matter of months. This is why Watsec has made employee security training and ongoing network assessments core components of its cyber risk management approach. Unfortunately headline-dominating reports of successful cyber attacks too often reveal the frustrating truth that many organizations are not effectively managing their cyber risk exposures, and are therefore becoming victims of Internet-based attacks. Based at the University of Waterloo’s Research + Tech Park, Watsec is transforming traditional security tools and processes into complete cyber risk management programs for both domestic and international companies. We are accredited as a Cyber Essentials Certification Body which permits Watsec to conduct formal Cyber Essential certifications for companies world-wide. Our unique Intelligent Cyber Resilience (ICR) program delivers practical action plans for managing cyber risk scaled appropriately for the size and type of organization. With the guidance of our risk management specialists, clients are well prepared for today’s complex cybersecurity challenges.