The Financial Post reports in its Friday, March 22, edition that cybersecurity is not only an important aspect of national security, but also an important pillar of risk mitigation for companies. The Post's guest columnist Bhawana Chhabra writes that as most businesses integrate cloud and generative artificial intelligence services into business operations, companies are more prone to cyberattacks than they have ever been historically. This provides secular tailwinds to companies involved, which offer a great risk-reward profile. While 2023 numbers are not yet available, the year had some of the most expensive cyberattacks in history (keeping in line with the trend). Two examples were ransomware attacks on MGM Resorts International and Johnson Controls International, where the ransom demands were $100-million (U.S.) and $51 million (U.S.). According to IBM the evolution of technology, cloud operations and generative AI means that these areas now account for 82 per cent of breaches. It is not just about managing software and hardware vulnerabilities anymore. It is about setting up systems that can detect and thwart new kinds of attacks.