CANADA CYBERSECURITY
Stocks in news: ITC, Marico, SBI, Yatra Online, NSE, Container Corp and Sun Pharma
Indian equity benchmarks experienced gains, with Nifty nearing the 23,500 resistance level and strong corporate earnings reported. ITC faced a decline in consolidated net profit, impacted by the cigarette business, despite revenue growth. Marico saw a significant rise in net profit and expanding EBITDA margins during the quarter. Container Corporation of India reported a subdued performance with a slight decline in net profit compared to last year.
As Microsoft offers buyouts to 60,000 employees, a tech leader explains the hidden risks of such a large-scale offer
Microsoft's voluntary buyout offer to around 60,000 employees has led a technology advisor to flag two risks companies may overlook when experienced workers leave. Rob Zelinka warns that businesses could lose critical institutional knowledge and face cybersecurity gaps if employee access to accounts, data and internal systems is not managed properly. He also raises questions about how technology companies are balancing investments in AI with workforce decisions.
US green card delays: What options do Indian tech workers have if PERM is suspended
With the US labour certification process now suspended, Indian technology workers face an uncertain future in their pursuit of permanent residency. They are encouraged to consider changing employers or looking into green card options that do not rely on the PERM process. Additionally, pursuing international transfers within their companies could offer viable pathways.
A timeline of developments in AI safety since the attack on Hugging Face
The episodes have highlighted the vulnerabilities in AI security and raised questions over how the fast-growing technology can be developed safely as its usage becomes more widespread globally.
Keeping AI models under control: When an agent causes harm, who bears the blame?
If an AI agent goes rogue, who do you hold responsible— the agent, the LLM developer or the human? asks EY partner Shivaprakash Abburu. Experts believe regulators are slow to build frameworks even as enterprises across the world are actively integrating AI into their workflows.
EU vows AI rules will protect Europeans. Will they?
The EU says its AI Act is strong enough to address risks from advanced AI systems, including loss-of-control incidents, but lawmakers and experts warn of gaps around liability, enforcement capacity and access to cutting-edge models. Concerns are also growing over whether Brussels has enough technical resources and political appetite to aggressively police mostly US-based AI companies.
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South Korea's Lee says AI appears to have been used in bank hacks
South Korean President Lee Jae Myung said on Tuesday that AI models are believed to have been used in some recent hacking incidents against banks and called for the country to develop cybersecurity methods suited to the AI era.
Steven Spielberg's Disclosure Day OTT release in US, Canada: When and where to watch the film starring Emily Blunt
Steven Spielberg's latest film Disclosure Day will begin streaming in India, US and Canada. The film stars Emily Blunt as a meteorologist entangled in a government conspiracy involving extraterrestrial life. Josh O’Connor plays a cybersecurity analyst assisting her in uncovering the truth. Read on!
UK accuses China of using academics to spy on AI and other tech research
Britain's MI5 spy agency issued an unprecedented alert on Wednesday to warn that a Chinese organisation was involved in funding academic research into topics such as AI on behalf of Beijing's state security service.
EU chief Ursula von der Leyen says she wants Canada to become the bloc's 1st associate member
European Commission President Ursula von der Leyen proposed making Canada the European Union’s first associate member, as Ottawa seeks closer ties with Europe amid deteriorating relations with the United States. The proposed partnership would expand cooperation beyond trade into defence, technology, energy, critical minerals, AI, cybersecurity and economic security.
India emerging as global production, innovation and services hub: FM Nirmala Sitharaman
India is emerging as a global manufacturing and innovation platform for exports. Canadian capital and technology can partner with India's scale and talent. The nation's reforms and digital infrastructure strengthen the investment environment. Opportunities exist in financial services and clean energy value chains. Bilateral trade aims for seventy billion dollars annually by twenty thirty.
Canada’s New Brunswick cellphone ban: Students from kindergarten to Grade 8 won’t be allowed to use phones at school from...
Canada’s New Brunswick is introducing a strict cellphone ban in schools from September, with K-8 students barred from using personal devices throughout the school day. High school students will initially be allowed to use phones during lunch and between classes, but the same all-day restrictions will apply from the second semester. The province is also limiting screen time in licensed child-care centres.
Major tech companies call for defensive surge to defeat AI-driven hacks
It called on governments to expedite trusted access programs, which give certain companies access to more powerful models ahead of the general public, and for all other organizations to "make cyber defense an immediate leadership priority."
India, Canada set $70 billion trade target, widen economic partnership
India and Canada aim to deepen economic ties, expanding beyond goods and services. They plan to scale up bilateral trade to seventy billion dollars annually by 2030. Discussions focused on investment, financial sector cooperation, and critical minerals. Canadian investors were urged to leverage India's growing economy and talent. Both nations seek to build more resilient and inclusive economies together.
Trump signs order banning some foreign equipment from US energy grid
President Donald Trump declared a national emergency and banned foreign equipment. This order targets bulk-power systems posing security vulnerabilities to the United States. The White House cited an extraordinary foreign threat from these imported systems. This action follows similar bans by the European Commission on Chinese inverters. The administration will also review existing foreign equipment for operational risks.
Canada regulator cited Anthropic's Claude Mythos in warning to banks on cyber risks, email shows
The regulator, the Office of the Superintendent of Financial Institutions, sent the email to chief technology officers, chief information security officers, and chief risk officers across the financial industry, including the big banks and insurers, according to documents Reuters obtained through an access-to-information request.
ECB to quiz bankers about new Anthropic model risks
As European Central Bank regulators delve into the potential risks posed by new artificial intelligence models, bankers will be put under the microscope. These advanced technologies carry the ominous possibility of escalating cyber threats, leaving cybersecurity specialists on high alert. Across the Atlantic, British and American regulators echo these concerns.
Canada’s cyber agency warns Iranian reprisals ‘very likely’ to attack critical infrastructure after Ottawa backs US-Israel campaign
Canada's top cyber agency warns of likely Iranian cyberattacks on critical infrastructure, including water and energy sectors. This is in response to Ottawa's support for US-Israel military actions against Tehran. Pro-Iran hacktivists may target Canada due to its stance. While not a primary target, Iranian actors could exploit vulnerabilities in civilian systems during the escalating regional conflict.
Ajit Doval & Canadian NSA decides to focus on work plan on security cooperation
National Security Advisor Ajit Doval met with his Canadian counterpart, Nathalie Drouin, to establish a shared work plan for bilateral cooperation on national security and law enforcement. The agreement includes deploying liaison officers and strengthening agency relationships to address shared concerns like drug trafficking and organized crime, preparing for the Canadian PM's upcoming visit.
India, Canada agree on security workplan after Ajit Doval-Canadian NSA meet: MEA
India and Canada have agreed to a new workplan to boost cooperation on national security, law enforcement, and cybersecurity. This follows talks between their top security advisors. The plan includes establishing liaison officers for better communication and information sharing. Both nations will also formalize cybersecurity policy cooperation and share data on cyber threats.
‘Workforce adjustment notices’ reach Health Canada as thousands of federal workers’ jobs are at risk
Thousands of federal workers in Canada face potential job cuts. Many have received notices warning of layoffs. This comes as the government aims to shrink the public service. Departments like Health Canada are making changes. Unions report significant numbers of members affected. The full impact on programs and services remains unclear.
BlackBerry raises annual revenue forecast on robust demand for cybersecurity services
BlackBerry now sees fiscal year 2026 revenue in the range of $508 million to $538 million, up from its earlier forecast of $504 million to $534 million. The company also raised annual revenue forecast for its secure communications segment, which provides intelligent security software to enterprises and governments.
Post-Trudeau Indo-Canada strategic relations await a total reset through trade, defence and tech
Justin Trudeau's resignation as Canada's PM highlights the shift from hope to skepticism in his tenure. Despite strained Indo-Canadian relations, potential for collaboration in trade, defense, and technology exists, requiring mutual trust and respect to unlock economic and strategic gains for both nations.
From India to US, here’s a list of countries that have banned TikTok
Canada on Wednesday directed the video app TikTok, which is owned by a Chinese tech giant, to close its offices in the country because of national security risks. Several countries, including India, EU, Australia, Belgium, Canada, France, New Zealand, UK, and Afghanistan, have also banned TikTok.
BlackBerry posts surprise quarterly profit on resilient cybersecurity demand
The Waterloo, Canada-based company reported adjusted net profit of 1 cent per share in the quarter ending Nov. 30, compared with a loss of 5 cents per share a year earlier.
Italy warns hackers targeting known server vulnerability
The hacking attack sought to exploit a software vulnerability, ACN director general Roberto Baldoni told Reuters, adding it was on a massive scale.
Putin: Russia, US to hold cybersecurity talks
While the US, Canada and Britain all engage in cyberespionage, the most damaging cyberattacks on record have come either from state-backed Russian hackers or Russian-speaking ransomware criminals who operate with impunity in Russia and allied nations.
HCL opens innovation center in Canada; to create 2000 new jobs in three years
The company said that it will deliver advanced technology solutions to its global client base to help accelerate their digital transformation journeys from the center.
Only 8% Indian managers believe they have a skilled cybersecurity team: Sophos
IT teams spend about a third of their time managing security, but struggle with a lack of expertise, budget and up to date technology.
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