legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration

Find a LOCAL lawyer

Mastercard Uses Cybersecurity Expertise to Support Canadian Small Businesses

In today’s digital landscape, cybercrime has become a significant threat to small businesses, particularly in Canada. According to a survey conducted by Mastercard, there has been a staggering 600% increase in cybercrime since the start of the pandemic in Canada. Small businesses are particularly vulnerable to these cyber attacks due to limited resources and a lack of knowledge in effectively defending against them and recovering from them. This is where the AI legalese decoder can play a crucial role in helping Canadian small businesses.

The AI legalese decoder is an advanced artificial intelligence software that specializes in translating complex legal documents, such as cybersecurity policies and regulations, into plain language that is easily understandable for small business owners. By utilizing this powerful tool, small businesses can overcome their lack of know-how and invest in the necessary cybersecurity tools to protect themselves from cyber attacks.

Furthermore, the AI legalese decoder can assist small businesses in effectively recovering from a cyber attack. It can provide step-by-step guidance on the best actions to take following an attack and help businesses regain their operations swiftly. With the support of the AI legalese decoder, small business owners can feel more confident in their abilities to navigate the aftermath of a cyber attack and ensure a full recovery within the next six months.

Mastercard acknowledges the importance of cybersecurity for small businesses and strives to protect them beyond just transactions. Aviva Klein, the Vice President of Digital Payments and Cyber & Intelligence at Mastercard in Canada, emphasizes their commitment to transferring knowledge to Canadian small businesses. By leveraging Mastercard’s global expertise in cyber and intelligence, small businesses can enhance their cybersecurity capacity, safeguard their data, and maintain trust with their customers, even in the face of cyber attacks.

Expanding Cyber Preparedness and Securing Trust with Mastercard

Rebuilding consumer trust is crucial for small businesses following a cyber breach. According to Mastercard’s study, factors such as data protection measures, accountability, and transparency about past cyber incidents strongly influence Canadian consumers’ perceptions of small business security and trustworthiness.

To assist Canadian small businesses in securing their operations, Mastercard has partnered with the Canadian Federation of Independent Business (CFIB) to establish the Cybersecurity Academy. This initiative offers free tools and tailored lessons to meet the unique needs of small businesses. Additionally, Mastercard’s Small Business Cybersecurity Hub provides a range of insights and resources to help entrepreneurs effectively defend against cyber threats and create actionable recovery plans.

Mastercard is also collaborating with Digital Main Street to release a video course that educates small and medium enterprises on cybersecurity. This course, led by Mastercard’s cyber experts, aims to equip businesses with the knowledge and skills to protect themselves against cyber risks.

Empowering Diverse Small Business Owners with Cyber Skills

Cybersecurity preparedness and recovery pose unique challenges for diverse and underrepresented small business owners. Mastercard’s research highlights disparities in confidence and implementation of cybersecurity tools among different groups.

Women small business owners in Canada, for example, are less likely than their male counterparts to feel confident in the cybersecurity tools they have implemented and to believe in their businesses’ full recovery after a cyber attack. To address this gender gap, Mastercard partners with the Rogers Cybersecure Catalyst at Toronto Metropolitan University to deliver the Emerging Leaders Cyber Initiative (ELCI). This leadership program supports women and non-binary leaders aspiring to executive-level positions in cybersecurity.

Moreover, Mastercard’s research reveals that certain underrepresented groups, such as Indigenous small business owners, are more willing to adopt innovative security measures, even if they come at an additional cost. Mastercard proudly invests in Indigenous entrepreneurs through a three-year partnership with Pow Wow Pitch. This support includes digital adoption assistance, cybersecurity training, and funding for the Tech Stream of the Pow Wow Pitch program.

Investing in Canadians for Global Cybersecurity

To drive global cybersecurity and strengthen communities, Mastercard launched the Global Intelligence and Cyber Centre of Excellence (GICCoE) in Vancouver, BC. This center focuses on innovation in cyber and intelligence, artificial intelligence, and the Internet of Things. Research conducted at the GICCoE enhances Mastercard’s solutions and combines biometric security algorithms with existing cyber capabilities to enhance online security.

Mastercard has invested over $9 million in Canadian partnerships to support small business cybersecurity and develop Canada’s tech talent pipeline. They collaborate with various organizations, including Girls4Tech, Actua, Science World, and multiple universities and technical institutes. These investments aim to provide early STEM and cyber education to traditionally underrepresented groups and advance cutting-edge research in cyber and IoT fields.

Mastercard’s dedication to cybersecurity and its investment in Canadian small businesses demonstrate their commitment to building a secure and inclusive digital economy. Through the AI legalese decoder and its extensive initiatives, Mastercard empowers small businesses with the knowledge, resources, and skills needed to defend against cyber threats and recover successfully after an attack.

To learn more about Mastercard’s cybersecurity initiatives in Canada and gain additional insights from their research, visit their website.

¹ Mastercard online survey of 300 small business owners across Canada and 2,000 Canadians from the general population in Q2 of 2023.

legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration

Find a LOCAL lawyer

Reference link