Answer To: You will be expected to locate a recent Canadian news item (the past 12 months) from a newspaper,...
Deblina answered on Dec 06 2023
News Analysis 2
NEWS ANALYSIS
Table of Contents
Introduction 3
Research Analysis 3
Discussion: Analyzing Cybercrime Impact on Small Businesses 5
Conclusion 6
References 8
Introduction
The chosen news item, titled "Small businesses at greatest risk during historic rise in cybercrime," published by The Globe Content Studio on April 5, 2023, sheds light on the alarming surge in cybercrime targeting Canadian businesses, particularly smaller enterprises. This news article resonates deeply with several crucial themes and discussions encompassed in Griffiths’ text, notably in the realms of criminology, cybersecurity, and the evolving landscape of criminal activities.
In this paper, the correlations between the aforementioned news item and the central topics addressed in Griffiths’ text. This analysis will encompass discussions on the impact of technological advancements on criminal behaviour, the challenges faced by law enforcement agencies in adapting to cybercrime trends, and the imperative need for enhanced cybersecurity measures in today's digitized business landscape. The article sheds light on the impact technology has on cybercrime and criminal behaviours.
Research Analysis
The news article "Small businesses at greatest risk during historic rise in cybercrime" accentuates the intensified cyber threats faced by Canadian businesses, emphasizing the vulnerabilities of smaller enterprises. According to Aviva Klein, Vice-President of Digital Payments, and Cyber & Intelligence at Mastercard Canada, the pandemic-induced shift towards online operations led to a 600% surge in cybercrime and a 238% increase in cyberattacks, aligning with the evolving criminal landscape discussed in Griffiths’ text regarding the adaptability of criminal behaviour to technological advancements (Tucker, 2023).
Klein's assertion that 40% of Canadian businesses have fallen victim to hacking echoes the vulnerability of small businesses, especially those with fewer than five years of maturity, as outlined by research papers, who posits that newer businesses are often ill-equipped to prevent cyberattacks due to limited resources. Furthermore, the staggering average cost of a data breach in Canada, estimated at $5.64 million, significantly higher than the global average, resonates with Griffiths’ discussion on the financial repercussions of modern cybercrime.
The disparity in cybersecurity measures between larger and smaller businesses, highlighted by the news article, aligns with other scholarly works, which emphasize that smaller enterprises often lack essential security protocols, including network firewalls and two-factor authentication. Such findings mirror Griffiths’ discourse on the challenges faced by law enforcement in adapting to cybercrime's evolving nature and the necessity for businesses to fortify their security measures continually.
Cybercrime against small businesses presents significant legal implications and regulatory challenges within Canada's...