The Impact of CLIAS
The incidence of information and identity theft is growing rapidly. There are
no barriers. Individuals, corporations, and governments are all at risk, and
the impacts can be significant. The price of IAS vulnerabilities can be
measured in terms of direct and indirect financial impacts such as:
Cost of investigating the vulnerability and taking remedial action;
Service interruption and delays;
Loss of reputation and customer confidence;
Loss of competitive advantage; and,
Liability issues.
Examples of losses and impacts to Canada include:
Personal information (health, social insurance etc.) kept on hard
drives
and
back-ups has been stolen with no guarantee that the information
cannot be
exploited;
A 40% increase in identity theft in Canada between 2003 and 2004
resulted in
tens of millions of dollars in losses;
Spyware "has been seen to account for 40% of a company's outbound
network
traffic", impacting bandwidth, service costs, and corporate
privacy;
Increasing incidences of
attacks on Canadian networks; and,
An inability to protect against emerging and future threats associated
with new
technologies such as quantum computing, which
could render classical (current) encryption useless.
Although it is impossible to entirely protect from carelessness or negligence,
IAS procedures, technologies and policies can help protect Canadians and
Canadian assets.
Areas of Influence
