Cybercriminals are now targeting small to medium-sized businesses (SMBs) at an alarming rate of about 4,000 cyberattacks per day. At least 62 percent of all cyberattacks are aimed at SMBs, prompting governments around the world to impose stricter privacy regulations to help protect consumers. Europe, for instance, has instituted the General Data Protection Regulation (GDPR), while Canada has established the Personal Information Protection and Electronic Documents Act (PIPEDA).

Recently, however, the Privacy Commissioner of Nova Scotia reported that small businesses are failing to comply with PIPEDA. Similar reports are arising from other provinces across Canada as well.

“We are talking to small to medium businesses all over Canada and the U.S., and seeing that most of them do not have privacy officers, security policies or cyber awareness programs,” stated Laird Wilton, President and Co-founder of Securicy, a Cape Breton, Nova Scotia, and Boston, Massachusetts-based provider of cybersecurity solutions. “This is leaving many businesses exposed to significant risks and potential fines. Securicy is here to help.”

Securicy recently made headlines when the company launched Policy Builder, an easy-to-use, Web-based software solution that allows businesses to develop custom cybersecurity policies.

Securicy also announced it was named among the most promising early stage cybersecurity startups by Techstars, which is a top-tier global startup accelerator. Securicy is one of 10 companies selected to participate in Techstars’ Boston 2018 cohort.

“Cyber attacks are growing both in frequency and sophistication. Their increased propagation is taking a toll on small and medium-sized businesses, which typically lack the resources required to properly protect customer data,” explained Darren Gallop, CEO and Co-founder of Securicy. “At Securicy, we’re solving this growing issue by providing a cost-effective, end-to-end cybersecurity solution for SMBs.”

Laird Wilton, President and Co-founder of Securicy, also commented on how vulnerable SMBs are today.

“We are talking to small to medium businesses all over Canada and the U.S., and seeing that most of them do not have privacy officers, security policies or cyber awareness programs,” said  Wilton. “This is leaving many businesses exposed to significant risks and potential fines.  Securicy is here to help.”

To learn more about Securicy, click here.