Introduction
Ransomware is a form of malicious software that encrypts files and demands payment for their release. Toronto, being a hub of commerce and technology, has seen a sharp rise in such attacks, affecting both large corporations and small businesses alike. As the financial and reputational implications of ransomware can be severe, it is imperative for businesses to adopt a robust cybersecurity framework.
The Toronto Context
The diversity of Toronto’s business landscape—ranging from healthcare, finance, to technology sectors—makes it a lucrative target for cybercriminals. Furthermore, the legal frameworks concerning cybercrime in Canada are still in the nascent stages, complicating the process of bringing perpetrators to justice.