s01ve Cyber Solutions

Cybersecurity breaches are becoming increasingly costly for businesses, and the latest data from Statistics Canada paints a concerning picture.

Canadian companies spent $1.2 billion on recovery from cyberattacks in 2023, double what they spent just two years earlier. While the percentage of businesses falling victim to attacks has slightly decreased, (one may argue there is less reporting) the financial consequences of breaches continue to escalate. With over 80% of cyberattacks beginning with business email compromise (BEC), highlighting that cybersecurity is not just an IT issue—it's every employee's responsibility and the solutions go beyond a bigger digital padlock.

Even though businesses are spending more than ever—$11 billion on prevention and detection in 2023, up from $9.7 billion in 2021—major organizations like Indigo, The Weather Network, Sun Life Financial, and the Calgary and Toronto public libraries being hit recently, this begs the question: Is the solution beyond IT alone?

With fewer companies paying ransoms (or admitting it)—this leads to rebuilding systems, losing critical time and data in the process. Meanwhile, bad actors sell the stolen data, compounding the damage and kicking the continuing financial can down the road for companies.

With such high stakes, it's clear that training employees, creating a culture of cybersecurity accountability, not just awareness, and understanding where your real risks are, is critical. Recognizing and understanding the cyber risks associated with employee decisions, their actions, organizational structure and governance are crucial. IT teams are not equiped to involve themselves in these aspects of cyber risk- the data proves it, so the responsibility lies across organizations. In a world where cyber threats continue to evolve, it’s time to think beyond IT and engage every part of the organization in the fight against these sophisticated attacks.

Do you know how many ex-employees have access to your systems?

The onboarding and offboarding of a team member comes with a full list of to-dos. Managing access is a part of that process which sometimes gets overlooked, resulting in:
- Software accounts being created that management does not know about
- Ex-employees having access to your files
- Passwords being reused across accounts

All of this adds security risks and frustration for your team. We understand that no one likes managing passwords, which is why we've made it so you don't have to.

Ask us how we can streamline your onboarding/offboarding processes, password resets, and multi-factor authentications. The best part, you don't have to remember if this account needs a special character.

Feel supported managing your remote team.

The old way of functioning - where you could only access company files while in the office - is not relevant to the working models of today. Hybrid approaches of in-office and remote team members means higher security risks, as more locations and devices are accessing your company files.

Our remote work solution ensures your people are always using a secured, encrypted network connection, no matter where they're working. Our team provides ongoing support and assistance should employees encounter problems.

Looking for support? Let's have a conversation: meetings.hubspot.com/chad-beierbach/discovery-meeting

s01ve is proud to be led by a woman who continues to break barriers. Cybersecurity has been a realm in which women have been historically underrepresented, but across the industry we are starting to see a shift. The industry has started to recognize the value women bring to this field as an integral part of a productive, creative and diverse workspace.

Here at s01ve, we seek diversity of thought, because we recognize that different backgrounds, experiences, and perspectives contribute to a well-rounded and balanced environment, which builds a strong foundation for problem-solving and product development. By including women and other underrepresented demographics, it opens the door for obstacles to be seen through a different lens.

As leaders, it is up to us to:

- create a space for quiet voices
- create opportunities for new approaches and different kinds of communication
- encourage a culture of collaboration and openness

As part of our initiatives, we partner with ReTrain Canada in providing courses and training in the areas of FINTECH, cybersecurity, and more; with many courses being made available through government funding.