When the entire world was shut down, the digital world was afloat and how. But at the same time, some malicious acts were being warranted by suspicious scammers all across the world. The risks in Canada, however, catapulted into another epidemic of some kind.
Basically, scammers and hackers were in full swing during the COVID-19 pandemic as they continued to exploit victims by tricking them into falling prey to malware scams. This was done viciously via phishing campaigns and compromised credentials. Of course, other methods were also optimized, resulting in havoc on the digital space.
It’s one thing to suggest that cybercrime was at an all-time high during the pandemic and a completely different story when you look at the facts. Did you know that roughly 57% of Canadians have reported falling prey to cybercrime activity during the first year of the pandemic?
These schemes were malicious to another level and led to all sorts of disruptive outputs for individuals as well as businesses and organizations. The most common victims were the health sector because it was not only under the spotlight at the time but also under tremendous amounts of pressure.
If only, Canadians had used at the time, the problem wouldn’t be as big as it turned out to be in the end. VPNs are the best tool to protect yourself against online threats. However, those who’re running low on budget can get free VPNs to secure your privacy in Canada by VPNRanks.
Mind you, free VPN services might not work the same way as the premium ones. They may lack security features, server infrastructure, or limit you with bandwidth cap or whatnot. If you want to way have limitless security without any compromises, we always suggest premium VPNs.
But if you still opt for a free VPN service, make sure to get it from a trusted source, as mentioned above. In this article, we will discuss how Canadians can protect themselves from such cybercrime activities and run their operations online smoothly.
The 3 Most Common Types of Cyberattacks on Canadians
When you get to start studying the world of cybercrime and digital intricacies, you’ll come to the realization that cyberattacks are extremely complex and difficult to pull off. They are also the most common form of criminal activity in the current day of digital supremacy.
Once you understand that, you’ll be interested in knowing the most common types of cyberattacks that were being targeted at Canadians during the pandemic. Well, we have explained all three for you below.
Health Sector – Brutal Ranson Attacks
As we said earlier, the pandemic was a rough period for Canada as its digital space was a constant target of cybercrime activity. Now, the health sector took a massive beating as it was being targetted for ransomware regularly. In fact, these attacks were elevated to new heights, and honestly new lows, when they held patient medical records and medical research. The attempts were made to hijack operating devices and steal information to commit fraud on hospitals, labs, and clinical funding.
Relief Payments Were Stolen
GCKey is an online portal local to the Canadian Government that the hackers targeted to steal all the relief payments transferred through the credentials stuffing. Wondering how these attacks occur so easily? Well, there’s always a loophole in the system that these hackers find out so efficiently. These hackers opted for stolen usernames and passcodes that were made available on a variety of websites.
This information was then used to find the email accounts, and tracking was done via similar log-in credentials. This was made possible since these websites don’t seek the two-factor authentication key.
This is exactly why online privacy should be taught in school. There are so many ways you could at least increase your privacy online and protect yourself from compromising and vulnerable situations. If only people understand the importance of using fake email addresses while surfing third-party websites or shopping online.
And if only, these sites conducted two-factor authentication models, such advances would never be made in the world of hacking and malware.
Fake COVID-19 Tracing Apps
Now this one was not done without planning due to the sophisticated nature of the malware. This was obviously a massive ransomware threat that played with the sensitivity of the situation and the vulnerability of the victims at the time. People were obviously tricked into believing that there was an app that could help them trace whether or not they have been in contact with a person carrying the COVID-19 bodies.
It obviously worked because people ended up downloading it, which eventually encrypted their data and locked them out of their own devices. Now the only way they were given access to their device again was by paying the ransom.
Of course, these attacks are pre-planned and attack organizations targeting confidential data, funding, and much more. Thus, it’s best to practice protection and apply filters and security checkups regularly.
How to Increase Protection and Secure Yourself from Cybercrime?
Now that we’re made aware of the malicious activities that go down when we put our guard down, we’re prepared and enlightened enough to know that cybersecurity is a matter of priority. And so, here are some ways you can ensure utmost protection and safety online.
The most important method to implicate here is to have a backup infrastructure. This is extremely important for businesses and industries where information is power. If you have a backup infrastructure in place, you wouldn’t have to worry about paying ransom to gain back its access.
Subscribe To A VPN
By investing in a VPN, you can solve many issues simultaneously. The most crucial gift that a VPN offers is that of encryption and security. If you have subscribed to a premium VPN, no matter what you do online, your presence will be protected at all costs.
You may be tempted to use a free VPN service, but they don’t perform as efficiently as the premium ones. Besides, who are we to complain? We are not paying for it, or are we? Hence, your safest bet is to trust a legitimate and premium VPN service provider for robust and utmost security.
Keep Different Passwords
This is obviously one of those nerdy tips out there but an essential one at that. We touched bases with this tip earlier but it must be emphasized once again due to the level of significance it brings. If you have different passwords for different accounts online, it will be difficult to track your secured personal information and trap you into hacking or ransomware.
Alway enable and activate the two-factor authentication method on your online accounts. This is a security measure that functions as a second layer of protection and gives you time to gain access back. This trick quickly notifies you if your account is ever vulnerable to threats.
Online security is of utmost importance in this modern-day age. You’re constantly being threatened with extortion and ransomware and you must heighten your security measures to ensure safety. By following the tips mentioned above, you can upgrade your safety measures and potentially save yourself from embarrassment, anxiety, or any other difficult situation.
5 Ways Online Gaming Impacts the Economy
The online gaming industry, including video games and online gambling, has significantly
influenced the global economy, showcasing remarkable growth and expansion. In recent years,
this industry has become a major source of entertainment for people across the globe and has
made substantial economic contributions through various channels.
The gaming market is forecasted to reach an impressive size of USD 272.86 billion by 2024, with projections suggesting it will grow to USD 426.02 billion by 2029, marking a compound annual growth rate (CAGR) of 9.32% during this period.
Concurrently, the online gambling market is expected to expand from USD 93.26 billion in 2024
to USD 153.21 billion by 2029, growing at a CAGR of 10.44%. These figures underscore the
industry’s lucrative nature and its significant role in the global economy.
The Asia-Pacific region, North America, and Europe are key players in this growth, with each area contributing uniquely to the industry’s expansion. The online gaming market alone is poised to increase by USD 75.2 billion between 2023 and 2028.
This growth is attributed to factors such as the rising popularity of e-sports, strategic partnerships, and the quick adoption of online games.
Furthermore, the video game sector has grown substantially and is expected to reach a market
value of $321 billion by 2026. Increased internet penetration, technological advancements, and
the growing acceptance of gaming as a mainstream form of entertainment fuel this expansion.
Job Creation and Employment Opportunities
The online gaming industry is a significant job creator, offering many employment opportunities
globally. Companies involved in online gaming, from software development firms to customer
support and cybersecurity, constantly seek talent to support their growth.
The industry’s expansion has created jobs in areas such as software development, game design, customer service, and cybersecurity. For example, the American Gaming Association highlights that the gaming industry supports nearly 1.8 million jobs in the U.S., underlining its role as a dynamic job creator.
Revenue Generation and Taxes
Online gaming, particularly online gambling, is a major revenue generator. Significant revenue
streams are created through subscriptions, in-game purchases, and betting activities.
Taxes levied on these revenues are a crucial source of funding for national and local governments, supporting public services and infrastructure projects. The gaming industry has contributed $328.6 billion to the U.S. economy and generated $52.7 billion in tax revenues.
The online gambling market in Canada has seen considerable growth, with slots dominating
revenue generation and projections indicating a continuous increase in user engagement and
Boosting Related Industries
The online gaming sector is symbiotic with related industries such as software development,
hardware manufacturing, and digital marketing. Software development, in particular, is witnessing a transformative phase, with advancements in AI and machine learning leading the charge.
These technologies are being harnessed to create more sophisticated, engaging, and personalized gaming experiences, necessitating a broad spectrum of development tools and platforms.
The surge in innovation propels the need for skilled developers who can navigate the intricacies of AI integration, cloud computing, and cybersecurity, ensuring games are not only immersive but also secure and accessible across diverse platforms.
Similarly, the hardware manufacturing industry is adapting to meet the demands of an ever-
evolving gaming landscape. For example, the push towards cloud gaming and streaming services underscores the need for high-performance servers that can handle extensive data loads without compromising speed or quality.
Moreover, the seamless gaming experience that players now expect has placed a premium on
reliable internet connections and sophisticated security protocols, prompting significant investments in infrastructure development.
Innovation and Technology Development
The demand for immersive online gaming experiences drives technological innovation. Advancements in virtual reality, artificial intelligence are just a few examples of how the gaming
industry propels innovation.
These technologies enhance the gaming experience and contribute to the broader tech industry’s growth. Companies such as White Hat Studios and Stakelogic are at the forefront of integrating innovative technologies into their offerings, further pushing the boundaries of what’s possible in online gaming.
Moreover, generative AI is revolutionizing the gaming experience by creating dynamic content
that adapts to players’ actions, offering unprecedented levels of personalization and interaction.
Competitive multiplayer mobile gaming continues to surge in popularity, fueled by the global
eSports phenomenon and the widespread adoption of games like PUBG Mobile.
International Trade and Investment Opportunities
These technological advancements in online gaming foster a global ecosystem of trade and
investment. The rise of cloud gaming, blockchain, and the Metaverse attracts gamers worldwide
and opens up new markets for developers and investors looking to capitalize on the growing
Cross-platform gaming expands the potential user base, breaking down barriers between different gaming communities and creating more unified gaming experiences.
Integrating cutting-edge technologies such as AI, blockchain, and cloud computing enhances the gaming experience. It drives economic value, making the sector attractive for investors and
Online gaming, including online gambling, plays a significant role in the global economy, contributing to job creation, revenue generation, and technological innovation. Its impact is
evident in the support it provides to related industries, the advancement of technology, and the
promotion of international economic connectivity.
As the industry continues to grow, it offers a promising avenue for further economic development, underscoring the importance of its integration into the global economy in a responsible and sustainable manner.
The exploration of the economic impacts of online gaming reveals an industry that is not only a
source of entertainment but also a significant economic driver. Its contributions to job creation,
revenue generation, technological innovation, and international trade highlight its importance in
the global economic landscape.
As the industry evolves, it will continue offering new economic development and innovation
Eh or Nay: Navigating Canadian Online Casino Regulations
Canadians can find a range of different online casino options. There are thousands of online casino games that people can enjoy using their smartphones. There are also options for sports fans to log onto online sportsbooks and place bets on events. With the rise of the gambling industry online, you may be wondering if there are regulations in place for operators.
When you gamble online, it’s important only to use licensed casino sites. This ensures that you’re using services that are following regulations. Below, we’re going to cover the regulations in place for online casinos in Canada and how they affect players. Read on for more.
Overview of Canadian Online Casino Regulations
Online gambling is legal in Canada. Every casino that operates in the country must have a license from a government authority, like Kahnawake, Curacao Gaming, Malta, etc. These licenses ensure that the casino is following all international gambling laws. It also gives the operator permission to provide services within the country legally.
However, there is one exception to the rule. A license from a government authority allows the casino to operate in all provinces except Ontario. In order for a casino to operate in Ontario, it must be approved for an AGCO (Alcohol and Gaming Commission Ontario) license. We trust CasinoRIX CA for legitimate online casino recommendations in Canada.
Impact on Players
Licensed casinos have strict rules they have to follow to operate within Canada. Players won’t be able to get away with bending the rules just because they aren’t being monitored by casino security like they would be at land-based casinos.
In order to use a casino site, players must verify their casino account. Verification is necessary for several reasons.
● It proves that the player is of legal age to gamble.
● It prevents account fraud.
● Proof that the player resides in Canada.
Basically, players will not be able to claim any winnings until they have submitted documents that prove they are who they claim to be.
Verification isn’t the only way these regulations affect players. Online casinos must stay up-to-date on security measures. This includes real-time monitoring of casino activity. To put it in the simplest terms- online casinos use 24/7 technology to prevent fraud on every player’s account.
Impact on Operators
Regulations impact online casino operators because they must stay up-to-date and comply with all industry rules. If licensed casinos don’t comply, they could face fines and legal trouble. On top of that, their reputation in the industry will be destroyed.
These regulations are important for operators to follow because they create a safe gambling environment for all users. Regular audits are performed for all kinds of games provided by the casino, including slots and live dealer games, to ensure the online casino brands are complying. All of this is done to guarantee fair play and a responsible gambling experience.
Legal Intricacies of the Online Gambling Industry
The legal aspect of online gambling is in place for players’ protection. If you are interested in gambling online, it’s crucial that you only use licensed sites.
Online casinos are a legitimate business operation. This means that they must pay taxes. Taxation will vary within each province, and it’s the operator’s responsibility to understand the obligations.
It’s also important that casinos understand the marketing aspect and rules for each province. This is a very competitive business, so operators will want to advertise as a means to attract players. However, operators cannot market promotions in Ontario.
Another legal aspect that casinos need to keep on top of is player verification. If a minor is caught using a casino service, it can result in big legal penalties for the brand. For this reason, licensed casinos must go through a strict verification process with every account that registers. This also prevents player fraud.
Conclusion and Future Outlook
Every online casino in Canada must follow regulations. These regulations are in place to ensure the player is protected and the casino is operating legally. Although there are several regulations in place, it is a good thing for the future of online gambling. These rules and restrictions help players feel peace of mind about using online gaming sites. They don’t have to worry about being scammed by the online casino or player fraud. You can also read our article about
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