THE NATIONAL MAGAZINE – Protecting your digital assets

Daniel Tobok
E: [email protected]
Posted on: March 20, 2019

“We handle an average of about 40 to 50 incidents per month [across Canada],” adds Daniel Tobok, CEO of Cypfer Inc. “Ransomware has been a very big problem in the industry over the past 24 months. People are getting hit left, right and centre, especially the small- to medium-sized organizations, which are getting hit every single day. And now the problem with ransomware is that the bad guys are getting very sophisticated. The average bad guy spends about 28 to 64 days on a network before actually hitting them with the infection. […] We just dealt with a municipality that had literally just under 1,000 servers taken down and to repair all the servers you’re looking at millions of dollars.”

“It is the human factor that makes all of this difference in all of these breaches because roughly 50% of these breaches start by phishing,” explains Tobok. “People click on things they’re not supposed to and their credentials get compromised.”