Addressing cybersecurity challenges
According to the Canadian companies are paying nearly $7 million in data breach costs, third among countries. Financial services and energy companies have the highest costs. Phishing is the most common attack, representing 17% of breaches experienced by Canadian companies and costing $6.98 million on average.
The IBM report also states that employee training is the best way to reduce data breach costs.
The new aims to foster such learning, training, and research. The synergy between the long-standing partners will ensure that the new facility is well equipped to meet the needs of government, academia and industry in terms of technical expertise, professional development, research and partnership opportunities.
A variety of offerings
The Cyber Range is a fully immersive, interactive facility that provides organizations with hands-on experience to strengthen their cybersecurity defences. Different scenarios have been designed to ensure teams are prepared to deal with the unexpected.
It’s a safe and controlled space for security and technical training. Staff members at all levels within the organization can take part in simulations of cyber incident responses or a hacking crew. Simulations can be customized to suit the requirements of different sectors.
The Cyber Range also offers training programs and industry certifications, covering issues such as upskilling current employees or onboarding new talent. and micro-credentials offered by the are available. Training can lead to industry certification (FORTINET, IBM, CompTIA, and more).
The space will bring together more than 40 of the University’s top academics from numerous disciplines, including engineering, law and business, to pursue research and innovation.
Taking a proactive approach
While cyberthreats continue to evolve in complexity and scale, organizations must be proactive in assessing their cybersecurity infrastructure and processes, to identify potential vulnerabilities.
The uOttawa-IBM Cyber Range is set to redefine how organizations address cybersecurity in an increasingly digital world.