07:31:04 EDT Fri 29 Mar 2024
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or Name
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CA



Canadian Tire Corp Ltd
Symbol CTC
Shares Issued 3,423,366
Close 2017-02-27 C$ 203.75
Market Cap C$ 697,510,823
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Globe says Loblaw, others hit by hacks in past year

2017-02-28 08:39 ET - In the News

See In the News (C-L) Loblaw Companies Ltd

The Globe and Mail reports in its Tuesday edition that half of Canadian C-suite executives and nearly a quarter of entrepreneurs say their businesses' cybersecurity was breached in the past year. The Globe's Josh O'Kane writes that the survey conducted by Ipsos, for MNP, in January, of 100 Canadian executives of medium- and large-sized businesses also polled 1,000 small business owners. While 93 per cent of the combined groups said they felt their firms protected customer data, nearly three in five of those polled "either suspect or know for certain" they were victims of hacking attempts. The results follow a rough February for Canadian corporate cybersecurity. Reports of data breaches at Loblaw, Canadian Tire and Quebec's SAQ liquor-store chain prompted Cineplex last Friday to "proactively" ask users to reset their passwords to protect their information. The survey results further hammer down the prevalence of such data breaches -- and emphasize the need for strategies and precautions beyond just password resets. Calling the results "alarming," MNP's Greg Draper says Canadian firms need to increase protections from a "growth industry" of nefarious hackers around the world.

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