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Canada announces certification for SMEs to demonstrate cyber security practices

ISED and partners will establish a voluntary, recognizable certification intended to enable small and medium-sized businesses (SME) to demonstrate to customers, both businesses and consumers, that they meet a baseline set of security practices.


Government Press Release Last Updated at 13 Jun 2018, 00:06 IST Canada
Canada announces certification for SMEs to demonstrate cyber security practices
  • Consultations with industry, SMEs, and potential certification bodies will help design a program that meets their needs. (Image Credit: Pixabay)

As part of a renewed Cyber Security framework, ISED and partners will establish a voluntary, recognizable certification intended to enable small and medium-sized businesses (SME) to demonstrate to customers, both businesses and consumers, that they meet a baseline set of security practices. A standardized certification will help participants position their cybersecurity practices for competitive advantage and to promote broader trust in the digital economy.

Internationally, similar initiatives are being implemented in the United Kingdom, Australia, and New Zealand.

Consultations with industry, SMEs, and potential certification bodies will help design a program that meets their needs, and ensure that accessibility and ease of use remain paramount features of its design.

Currently, SMEs in Canada are not adequately protected against cybersecurity threats. Approximately 71% of data breaches in Canada involve an SME, which make up 98% of all Canadian businesses.

Failure to provide adequate security can lead to profound economic consequences including: monetary losses; theft of valuable intellectual property; leaked consumer data; and it can put companies out of business.


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