Security

Featured, Security

Syntax Systems Acquires Argon Supply Chain Solutions

Adding best-in-class SAP® Digital Supply Chain Capabilities to its Suite of Industry-Focused Enterprise Cloud Solutions MONTRÉAL, Oct. 15, 2024 /PRNewswire/ — Syntax Systems, a leading global technology solutions and services provider for cloud application implementation and management, announced it has acquired Argon Supply Chain Solutions, a firm specializing in warehouse management and supply chain optimization solutions and SAP® Gold Partner. Argon serves a growing range of multi-national customers across the world through its presence in the UK and South Africa. “The Argon team is renowned for its market leading knowledge and Digital Supply Chain excellence through their partnership with SAP,” said Christian Primeau, Global CEO of Syntax. “By welcoming the Argon team to the growing Syntax family, we are expanding our capabilities and infusing a critical component within our core industry verticals. Together, we are growing our services and reach to better serve our respective customers with full implementation lifecycle support for logistics execution.” “As part of Syntax, Argon will have additional resources to grow our reach into new markets and industry verticals. Having worked together in the past, I am confident that our culture fit, and growing set of best-in-class capabilities will equally benefit our employees and our respective customers. Together, we are in a better position to further our mission of delivering operational performance improvements to a growing international customer base,” commented Argon co-founders Peter Kerr and David Webb. “Novacap is proud to support Syntax’s acquisition of Argon. As committed partners, we are dedicated to advancing Syntax’s leadership in the SAP ecosystem, and application management and cloud services sector. The addition of Argon’s team and capabilities will help empower more businesses in the Consumer Products and Goods, Retail, Manufacturing, Wholesale and Distribution, Mining and Life Sciences verticals,” said Ted Mocarski, Senior Partner at Novacap. Syntax is a portfolio company in the TMT VI Fund of Novacap, one of North America’s established private equity firms. Argon is Syntax’s seventh add-on acquisition since partnering with Novacap. About SyntaxSyntax provides comprehensive technology solutions and trusted professional, advisory, and application management services to power businesses’ mission-critical applications in the cloud. With 50 years of experience and 800+ customers around the world, Syntax has deep expertise in implementing and managing multi-ERP deployments in secure private, public, hybrid, or multi-cloud environments. Syntax partners with SAP, Oracle, JD Edwards, AWS, Microsoft, and other global technology leaders to ensure customers’ applications are seamless, secure, and at the forefront of enterprise technology innovation. Learn more about Syntax at www.syntax.com or follow Syntax on LinkedIn. About Argon SCSArgon SCS (Pty) Ltd, a UK and South African based SAP service provider founded in 2011, is focused on providing Warehouse and Stock Management solutions. With over 100 successful warehouse projects implemented, Argon has established itself as a leader in cost effective and efficient supply chain projects. With extensive experience in the Consumer Products and Goods, Manufacturing, Wholesale and Distribution, and Life Sciences industries, Argon has developed a multi-industry experience resulting in adaptive cross industry knowledge within the supply chain execution space. For more information, please visit https://argonscs.com. About NovacapNovacap is a leading North American private equity investor and one of Canada’s most experienced private equity firms. Founded in 1981 to partner with visionary entrepreneurs, Novacap focuses on middle market companies in four core sectors, Technologies, Industries, Financial Services and Digital Infrastructure. Novacap combines deep sector specific expertise and strategic and operational excellence to partner with entrepreneurs and management teams. Since its inception, the firm has made primary and add-on investments in more than 250 companies. Novacap has over C$8 billion of assets under management and more than 110 employees, including 65-plus investment professionals, across offices in Montreal, Toronto and New York. For more information on Novacap, please visit: www.novacap.ca.

Featured, Security

Rotman debuts AI Financial Crimes Lab to help organizations fight fraud

TORONTO, Sept. 23, 2024 /PRNewswire/ — The University of Toronto’s Rotman School of Management and global leader in data and AI SAS have launched a Financial Crimes Lab to support Rotman students with hands-on experience in tackling complex fraud and financial crime schemes with data and AI. The lab will use solutions provided at no cost by SAS Global Academic Programs, including SAS® Viya® for Learners, which allows coders and non-coders to gain experience in all stages of the analytics life cycle. The advanced analytic capabilities of SAS Viya will enable students to manage projects, conduct analysis, and apply AI and machine techniques to help develop analytics to better detect fraud and financial crimes at organizations that are partnering with the Rotman initiative. Gerhard Trippen, Academic Director, Master of Management Analytics at Rotman, said students will benefit from regular check-ins, milestones and support outside of regular school hours. “Students are going to gain valuable experiences through this lab, not just from the tools helping empower them, but the industry mentorship as well. I think this is a great structure. As a student, I would have loved something like this,” said Trippen. Empowering the next generation of advanced analytics talent Technology has advanced rapidly in recent years. Financial services and other industries have trended towards digitalization, and virtual currencies and digital identity recognition are no longer novelties. The innovation in financial services is exciting, but at the same time, it increases the opportunities for financial crime. SAS’ recent consumer fraud study, based on a survey of 13,500 people, found that 89% of respondents expect organizations to better protect them from fraud. Further, two-thirds indicated they would switch service providers for better fraud safeguards. Fraudsters are using AI to better target victims, create deepfakes and obscure their identities. The Rotman lab will equip students with the AI skills to detect sophisticated fraud and financial crimes and fight back. “Armed with leading data and AI technologies, Rotman’s SAS-powered Financial Crimes Lab connects organizations with the next generation of fraud and financial crimes fighters,” said Stu Bradley, Senior Vice President of Risk, Fraud and Compliance Solutions at SAS. “Students benefit from hands-on, real-world experience, while forging valuable connections. In a market where AI and fraud prevention talent is in short supply, partnering organizations can augment their in-house resources to unravel the increasing number of hard-to-detect schemes. “As businesses across industries accelerate the adoption of AI technologies to keep pace with criminals, partnerships like this help ensure that future fraud fighters graduate with the tech acumen they need to be competitive in the market and keep bad actors at bay.” Learn more Are you a Rotman student interested in gaining real-world experience fighting fraud and financial crimes? Or is your organization prospectively interested in partnering with the Rotman lab to amplify your in-house anti-fraud capabilities? Register online at sas.com/ca/rotmanlab for more information.

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Featured, Security

Propel launches insurance product to protect Canadian consumers in partnership with leading insurance innovators Walnut and TGI

TORONTO, April 9, 2024 /CNW/ – Propel Holdings Inc. (“Propel”) (TSX: PRL), the fintech facilitating access to credit for underserved consumers, operating under the Fora Credit brand in the Canadian marketplace, today announced its launch of Fora’s Payment Protection Plan.    Fora’s Payment Protection Plan is a digital credit insurance product offered in partnership with Walnut Insurance and underwritten by Trans Global Insurance and Trans Global Life Insurance Company (“TGI”). The program is now available in eight provinces across Canada.  This is the first insurance product offered under one of Propel’s operating brands and gives Fora customers access to a compelling value proposition to safeguard against unexpected financial curveballs. The insurance benefits may cover a customer’s balance payments to Fora in the case of events such as job loss, loss of life or critical illness. “Fora’s Payment Protection Plan offers our customer peace of mind, which reflects our broader mission of advancing the financial opportunity of underserved consumers. For Propel it also represents a new revenue stream in Canada and is part of our overall growth strategy of offering our existing customers complementary products aligned with Propel’s core purpose,” Noah Buchman, President & Chief Revenue Officer of Propel. “Walnut is proud to help provide Fora borrowers with a new integrated feature, helping facilitate Fora’s promise of a fully digital lending experience,” said Derek Szeto, co-founder and CEO of Walnut. “With its new embedded payment protection option, Fora borrowers can acquire useful protection for their loan, at the click of a button.” “The Trans Global Insurance Group is proud to bring its best-in-class loan protection products to Fora’s clients,” says Moe Assaf, Vice President of Financial Services of LFL Group. “Fora’s commitment to protect its clients fits perfectly with TGI’s commitment to provide customer-focused solutions. We are very excited about this program launch.”

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Featured, Security

Fortinet’s Finest: Exploring the Top Products in Cybersecurity

Fortinet is a multinational corporation that provides cybersecurity solutions and services. Founded in 2000 by brothers Ken and Michael Xie, along with their friend and fellow engineer, Yan Ke, Fortinet has grown to become one of the leading companies in the cybersecurity industry. The company is headquartered in Sunnyvale, California, USA. Fortinet’s primary focus is on developing and marketing a wide range of network security products and services, including firewalls, antivirus, intrusion prevention systems (IPS), endpoint security, and secure access solutions. These products are designed to protect organizations from various cyber threats, such as malware, ransomware, phishing attacks, and data breaches. In an age where cyber threats loom large and data security is paramount, Fortinet stands as a stalwart guardian of digital assets. With a commitment to innovation and a focus on delivering robust cybersecurity solutions, Fortinet has emerged as a leader in the industry. Let’s delve into some of the best products Fortinet has to offer, each playing a crucial role in fortifying the digital defenses of organizations worldwide. FortiGate Next-Generation Firewalls: At the forefront of Fortinet’s product lineup are the FortiGate Next-Generation Firewalls (NGFWs). These appliances are the cornerstone of network security, providing advanced threat protection, intrusion prevention, and application control capabilities. With high-performance throughput and a comprehensive suite of security features, FortiGate NGFWs empower organizations to safeguard their networks against a myriad of cyber threats. FortiAnalyzer: Effective cybersecurity requires not only robust defenses but also insightful analysis and visibility into network traffic and security events. Enter FortiAnalyzer, a centralized logging and reporting solution that provides organizations with the tools they need to monitor, analyze, and respond to security incidents. By aggregating and correlating data from across the network, FortiAnalyzer helps organizations gain actionable intelligence and enhance their overall security posture. FortiClient Endpoint Security: In today’s mobile and interconnected world, endpoint devices represent a critical frontier in the battle against cyber threats. FortiClient Endpoint Security offers comprehensive protection for desktops, laptops, smartphones, and other endpoints, guarding against malware, ransomware, and other advanced threats. With features such as real-time scanning, web filtering, and VPN capabilities, FortiClient ensures that endpoints remain secure, regardless of their location or connection status. FortiSIEM: Security Information and Event Management (SIEM) solutions play a vital role in detecting and responding to security incidents in real-time. FortiSIEM combines SIEM, log management, and threat intelligence capabilities into a single, integrated platform, enabling organizations to proactively monitor and mitigate security risks. By correlating data from diverse sources and applying advanced analytics, FortiSIEM helps organizations identify and neutralize threats before they can cause harm. FortiGate Secure SD-WAN: As organizations embrace digital transformation and adopt cloud-based services, the demand for secure and reliable connectivity has never been higher. FortiGate Secure SD-WAN offers a comprehensive solution that combines SD-WAN functionality with advanced security features, providing organizations with secure, high-performance connectivity across distributed networks. By integrating routing, firewalling, and SD-WAN capabilities into a single platform, FortiGate Secure SD-WAN simplifies network management and enhances overall security. In conclusion, Fortinet’s product portfolio represents a formidable arsenal in the ongoing battle against cyber threats. From Next-Generation Firewalls to Endpoint Security solutions, Fortinet offers a comprehensive suite of products designed to protect organizations of all sizes and industries. With a commitment to innovation, reliability, and customer satisfaction, Fortinet continues to set the standard for cybersecurity excellence in the digital age. For more info: https://www.fortinet.com/

Featured, Security

The Top 2024 Cybersecurity Priorities for CISOs and Security Leaders Revealed in New Report by Info-Tech Research Group

Info-Tech’s Security Priorities 2024 report delves into the pressing issues that IT and security leaders must prioritize over the coming year, including the cybersecurity talent shortage, the rise of AI-driven threats, the integration of security risks with business risks, the adoption of zero-trust frameworks, and the increasing significance of automating security operations. The global IT research and advisory firm explains in the report that by addressing these priorities, organizations can better prepare themselves to face the evolving threat landscape. TORONTO, Feb. 12, 2024 /PRNewswire/ – With cyber threats becoming increasingly sophisticated, organizations are facing unprecedented challenges in safeguarding their digital assets. Recognizing the urgent need for robust and dynamic security strategies, Info-Tech Research Group has published its Security Priorities 2024 report. The report underscores the critical need for organizations to adapt their security measures in response to the constant changes in cyber threats in 2024 and beyond. The firm’s research highlights the importance of a strategic approach, emphasizing the need for clear oversight and effective implementation strategies to develop, deploy, and monitor security initiatives that enhance an organization’s resilience against threats “The threat landscape has been exacerbated by the various emerging attack vectors, such as credential-compromise attacks and cloud exploitation. The increase in supply chain risks and rise in deepfakes also showcase the shift of threat actors to improve the sophistication of their attacks,” says Ahmad Jowhar, research analyst and lead author of the report. “The rising costs of ransomware and cyber insurance premiums coupled with the continuous talent shortage depicts the challenges of efficiently fighting against these threats.” The Security Priorities 2024 report reveals the pressing issues that IT and security leaders must prioritize and advocates for a pivot from traditional, reactive security postures to proactive, predictive security strategies. The annual report emphasizes the importance of fostering a security-centric culture across the organization, enhancing collaboration between security teams and other business units, and developing agile security frameworks that can adapt to new threats and business needs. “The emergence of advanced technologies has created opportunities for organizations and security leaders to explore unique approaches to these challenges while also enhancing existing capabilities to better equip themselves with the right people, process, and technology this year,” says Jowhar. “These approaches include assessing the ability to address the talent shortage through upskilling, establishing a foundation to implement AI technologies, and evaluating an organization’s security risk management with respect to integrating with the enterprise.” Info-Tech’s latest report is based on comprehensive research, including insights from the firm’s Future of IT survey and in-depth interviews with IT and security professionals across various industries and regions. The diverse approach ensured that the experiences of leaders from both small and large organizations were incorporated into the report and covered a broad spectrum of security budgets. The insights collected and analyzed by the firm reflect the realities of managing cybersecurity in different organizational contexts, from multinational corporations to nimble startups, providing a well-rounded view of the challenges and strategies at play in the current security landscape. Leveraging the firm’s research findings and data, the Security Priorities 2024 report outlines the following five high-priority initiatives security leaders and their organizations should implement to confidently address security risks for 2024 and the years to come: The 2024 report also includes customizable templates that security leaders can utilize to effectively communicate their organization’s key security priorities to stakeholders and executives, ensuring a clear understanding of the required security measures. In the face of ever-evolving cyber threats, the Security Priorities 2024 report provides security leaders with a blueprint for safeguarding their digital environment. By implementing the priorities based on their unique organizational goals and needs, security leaders can enhance their security posture, proactively address and mitigate vulnerabilities, and build a culture of resilience against the cyber threats of the future. Those interested in exploring the specific 2024 security priorities recommended by Info-Tech Research Group are invited to register for the firm’s webinar on Wednesday, February 28, at 1:00 PM ET / 10:00 AM PT. About Info-Tech Research Group Info-Tech Research Group is one of the world’s leading information technology research and advisory firms, proudly serving over 30,000 professionals. The company produces unbiased and highly relevant research to help CIOs and leaders make strategic, timely, and well-informed decisions. For more than 25 years, Info-Tech has partnered closely with IT teams to provide them with everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organizations. Media professionals can register for unrestricted access to research across IT, HR, and software and hundreds of industry analysts through the firm’s Media Insiders program. To gain access, contact pr@infotech.com. For information about Info-Tech Research Group or to view the latest research, visit infotech.com and connect via LinkedIn and X.

Featured, Security

Enhancing Cybersecurity and Productivity: How Cisco Duo Helps You

In the ever-evolving landscape of cybersecurity, protecting sensitive data and ensuring secure access to critical resources is paramount. Cisco Duo, a multi-factor authentication (MFA) and access security solution, has emerged as a powerful tool that helps individuals and organizations bolster their cybersecurity efforts while simultaneously improving productivity. In this article, we will explore how Cisco Duo can benefit you and your organization. 1. Strong Authentication with Multi-Factor Authentication (MFA): Cisco Duo strengthens your digital defenses by requiring multiple authentication factors, ensuring that only authorized users gain access to your systems and data. MFA typically combines something you know (e.g., a password), something you have (e.g., a mobile device), and something you are (e.g., fingerprint or facial recognition). This multi-layered approach significantly reduces the risk of unauthorized access. 2. Streamlined User Experience: While enhancing security, Cisco Duo also prioritizes user convenience. Its intuitive interface and user-friendly mobile app make MFA a seamless part of your daily routine. Users can quickly and easily confirm their identity through push notifications, one-time passcodes, or even biometrics, reducing friction and frustration. 3. Protecting Against Phishing and Account Takeover: Phishing attacks and account takeovers are common cybersecurity threats. Cisco Duo helps protect against these threats by verifying the legitimacy of login attempts. Even if attackers acquire usernames and passwords, they won’t be able to access accounts without the additional MFA verification. 4. Adaptive Access Policies: Cisco Duo goes beyond traditional MFA with its adaptive access policies. It evaluates contextual data, such as the user’s location, device, and network, to determine the level of access. This ensures that users have the right level of access based on their specific circumstances, further improving security. 5. Remote Work Enablement: In an increasingly remote work-oriented world, Cisco Duo empowers organizations to embrace flexible work arrangements without compromising security. It allows remote workers to access company resources securely, safeguarding data and systems from potential breaches. 6. Comprehensive Integration: Cisco Duo seamlessly integrates with a wide range of applications, services, and VPNs, making it a versatile solution for organizations of all sizes. Whether you’re using cloud-based services or on-premises applications, Cisco Duo can provide robust security. 7. Reporting and Analytics: To better understand your security posture, Cisco Duo offers reporting and analytics tools. These insights allow you to monitor access patterns, detect anomalies, and proactively address potential threats. 8. Regulatory Compliance: For organizations subject to industry regulations and compliance standards, such as HIPAA, GDPR, or PCI DSS, Cisco Duo helps meet these requirements by enhancing access security and providing audit trails. In conclusion, Cisco Duo is a powerful cybersecurity tool that not only strengthens your digital defenses but also improves the user experience and productivity. By implementing multi-factor authentication, protecting against phishing, enabling remote work, and offering adaptive access policies, Cisco Duo is a comprehensive solution that adapts to the evolving cybersecurity landscape. In a world where data security is paramount, Cisco Duo helps you protect your valuable assets and achieve peace of mind.

Featured, Security

5 Essential Strategies to Safeguard Against Cyberthreats

In today’s digital age, protecting yourself from cyberthreats has become more crucial than ever. Cybercriminals are constantly evolving and finding new ways to exploit vulnerabilities in our online activities. To help you stay one step ahead, we’ve compiled five essential strategies to safeguard yourself from these cyber dangers. 1. Strong Password Management: One of the simplest yet most effective ways to protect yourself from cyberthreats is to maintain strong and unique passwords for all your online accounts. Avoid using easily guessable combinations like “12345” or “password.” Instead, create complex passwords with a mix of uppercase and lowercase letters, numbers, and symbols. Consider using a reputable password manager to keep track of your credentials securely. 2. Keep Software Updated: Cybercriminals often target vulnerabilities in outdated software. To minimize these risks, ensure that your operating system, web browsers, and applications are regularly updated with the latest security patches. By staying current, you can close potential entry points for cyberattacks. 3. Install Reliable Antivirus Software: Invest in reputable antivirus and anti-malware software to add an extra layer of defense to your devices. These programs can detect and prevent various forms of cyber threats, such as viruses, spyware, and phishing attempts. Regularly update your antivirus software to ensure it’s equipped to handle emerging threats. 4. Educate Yourself and Stay Informed: Understanding common cyberthreats and their telltale signs is crucial for your protection. Educate yourself about phishing scams, social engineering tactics, and other malicious activities that cybercriminals employ. Stay informed by following cybersecurity blogs and news outlets to keep up with the latest trends and threats in the digital world. 5. Practice Safe Online Behavior: Your online behavior plays a significant role in your cybersecurity. Avoid clicking on suspicious links, downloading attachments from unknown sources, and sharing sensitive information with unverified contacts. Be cautious on social media and limit the personal information you share. By practicing safe online behavior, you reduce the chances of falling victim to cyberthreats. In conclusion, safeguarding yourself from cyberthreats requires a combination of proactive measures and a vigilant mindset. By adopting strong password management, keeping your software updated, using reliable antivirus software, educating yourself, and practicing safe online behavior, you can significantly reduce your vulnerability to cyberattacks. Protecting your digital life is an ongoing process, and staying informed and vigilant is key to staying safe in an increasingly connected world. Yugbodh (YB) is a contributing writer at TechBeat Canada, he skillfully weaves captivating stories. For him music and movies serves as an escape, and he finds them fascinating as they constantly evolve. If you have interesting tales to share, feel free to reach out via email at: info@theonside.com

Featured, IOT, Security

Interac: Canadian entrepreneurs are embracing the nine-to-thrive

Business use of Interac e-Transfer climbs 25 per cent year over year as Canadians seek to turn their passion into profit TORONTO, Sept. 21, 2023 /CNW/ – As more Canadians take on side hustles to earn additional income, a recent survey from Interac Corp. reveals a ‘nine-to-thrive’ effect taking place. While the initial motivation to launch a side hustle is often financial, more than half (55 per cent) of those surveyed say that it turned out to be more fulfilling than expected, with three quarters (76 per cent) intending to continue their side hustle alongside their main job, and almost two in 10 (17 per cent) planning to go all in, turning their passion project into their career. The satisfaction entrepreneurs experience in their side hustles is linked to the achievement of key milestones. The Interac survey shows that some take pride in that memorable first sale (22 per cent), while for others it’s achieving their first profit (25 per cent) or paying a salary for the first time (23 per cent). Interac e-Transfer® plays an important role in supporting these milestones – nearly two thirds of these entrepreneurs polled (62 per cent) use the service for business-related payments, contributing to 25 per cent transaction volume growth year over year. “Entrepreneurs have long been, and will continue to be, a driving force of Canada’s economy, yet we are hearing that almost half of those polled say they have had challenges accessing financial tools, tracking finances, and generally finding the advice or information they need to start or grow their business,” said William Keliehor, Chief Commercial Officer, Interac Corp. “We launched the Interac ‘From Dollar One’ hub to help bridge this gap and provide the resources entrepreneurs are asking for from their first dollar and beyond.” The Interac survey extends beyond those with a side hustle to also include freelancers and small business owners with up to four employees. Key findings about these groups of entrepreneurs include: Startup surge: Nearly half of Canadian entrepreneurs (46 per cent) said an increasing number of people in their personal networks have started a side hustle in the past year, and four in 10 (40 per cent) are currently considering at least one other idea for a new venture. The means to succeed: New business owners feel they lack the financial confidence and knowledge necessary to successfully grow their business when first starting out. Only 15 per cent of Canadian entrepreneurs had high confidence in their abilities to manage their business finances from day one. Nearly half of entrepreneurs (49 per cent) had challenges in finding the right information or advice for growing their business, lacked financial confidence or access to financial tools, and had trouble tracking finances. “As more Canadians transform their passion into a small business either full time or alongside their day-to-day jobs, Interac e-Transfer has grown rapidly in lock step,” said Anurag Kar, AVP, Money Movement Products, Interac. “Since many entrepreneurs already have the confidence of using the service as a consumer, they have quickly recognized it as an easy, efficient way to pay and be paid. Interac e-Transfer has been a payment option that eases the pain points that they face.” The Interac From Dollar One hub includes tips on building financial confidence and how to avoid burnout alongside practical instructions on the role Interac products, like Interac e-Transfer, can play in meeting a business’ key milestones. Advice offered to business owners within the hub includes: Pay and get paid—fast: Whenever possible, streamline and simplify the payments process. Set up Interac e-Transfer Autodeposit, so when you get paid, funds are deposited quickly and securely into your account. Maximize your payment methods: Over a third of entrepreneurs (35 per cent) said being able to accept and use Interac e-Transfer helped boost their financial confidence in managing a growing business. Additionally, half of businesses polled that use Interac® Debit (52 per cent) said they prefer it as a payment method for their business because it is a convenient way to pay. Not far behind that, two in five (43 per cent) cited safety and security as a key reason for preferring Interac Debit to make business related payments. Stay in charge of your small business: Pay attention to agreements and payment terms to avoid late penalties that could hurt your bottom line. Tracking payments and using your own money with Interac Debit or Interac e-Transfer can help avoid surprises at the end of the month, from extra fees or forgotten purchases. For more key tips and advice, visit the From Dollar One Hub at interac.ca/dollarone About the Interac survey The Interac survey was conducted among 500 Canadians entrepreneurs, a sample comprised of 362 side hustlers (i.e., do work outside of their primary employment), 82 small business owners (with 0 to 4 employees), and 56 freelancers. The survey was fielded by CICIC Research from August 9th to 16th, 2023.  The length of the survey was 10 minutes. The final sample was a result from natural fallout of a general population sample of Canadian adults weighted on age, gender, and region according to 2021 census figures. An associated margin of error for a randomly selected sample of n=502 would be ±3.8%, 19 times out of 20. About Interac Corp. Interac empowers Canadians to transact digitally with confidence by providing payment and value exchange services. In helping to develop the future of money and data in Canada, security is the core of everything we do. We help keep Canadian customers safe and secure when transacting. With nearly 300 financial institutions connected to our network, Canadians choose Interac products over 20 million times a day on average to exchange money. Interac champions workplace culture, community, and corporate citizenship. We are proud to be one of Canada’s leading and most trusted financial brands. For more information, visit our website. Interac is a registered trademark of Interac Corp. SOURCE Interac Corp.

AI, Featured, Security

K-12 Teachers Say Classroom Models Need to Evolve to Prepare Canadian Students for the Future

Only half of teachers surveyed in Canada say students are taught in ways that are relevant to the skills they need for the future, according to new survey from Microsoft TORONTO, Sept. 13, 2023 /CNW/ – As a new school year begins for millions of Canadian students, teachers across the country say it’s time to embrace new teaching models to better align with the realities, opportunities and challenges of today’s classroom and tomorrow’s workplace. In a new survey from Microsoft of over 500 Canadian teachers and school leaders, most said schools need to do more to adapt to the evolving needs of students. Teachers are calling for changes that make classrooms more engaging, inclusive and relevant for a new digital era. New models for a new era of digital innovation Teachers across the country say it’s time to embrace new teaching models. (CNW Group/Microsoft Canada Inc.) From AI to interconnected smart devices, teachers recognize that the rapid pace of technological innovation is changing the workforce students will be joining, but few classrooms are teaching the skills students need to succeed in the new digital world. In fact, ninety percent of teachers surveyed agree it’s important to teach students the digital skills they’ll need for modern life, but only half of teachers (52 percent) say students are taught in ways that are relevant to the skills they need for the future. Strikingly, the survey revealed an overwhelming majority of teachers (79 percent) felt data literacy and digital citizenship were essential skills for today’s students, but these topics were only taught in 22 and 53 percent of classrooms respectively. While teachers have just begun to consider the implications of AI in education, 41 percent of teachers believe that students should learn about generative AI to better equip them for life outside school and in their careers. That number rose to 50 percent among teachers of grades 7-12. “It’s crucial that we listen to teachers so we can better empower students in their learning and be prepared to contribute to Canada’s economic future” said Elka Walsh, Associate Vice President, Learning & Teaching, at Microsoft Canada. “We have a responsibility to address these gaps, reignite a love of learning, and help students thrive in a digital world.” Digital tools more prevalent since the pandemic, but not used effectively For many teachers, the pandemic spurred the adoption of digitally enhanced learning in the classroom. Eighty-two percent of teachers surveyed said their school’s use of digital tools started or increased with the pandemic. But only 35 percent of respondents said most teachers are equipped with the best digital tools to help them teach and a similar number (34 percent) said teachers receive the training needed to use these tools effectively. Six out of ten respondents said teaching methods should change to make the most of these tools. Among the most promising use cases for teachers, according to the survey, was time management. Eighty percent of teachers agree they need more tools to help them manage their time more productively – an unsurprising stat given that 86 percent of teachers rate their workload as high or very high. The results also indicated a clear difference in approach to technology in the classroom between those schools with an established sustainable digital strategy and those without. When asked if students were more engaged when digital tools are used in the classroom, three quarters of respondents with a digital strategy agreed. Among teachers in schools without a digital strategy, fewer than half agreed technology helped to increase engagement. Engagement and inclusion need a boost It is apparent that teachers are struggling to keep students engaged, particularly when faced with the emotional and wellbeing challenges related to the pandemic. Only half of teachers surveyed (51 percent) said students are taught in ways that engage them and keep their interest and only a third (35 percent) agree schools are succeeding in helping to address students mental and emotional wellbeing. Today’s teachers know inclusion and accessibility is crucial to help every student reach their potential. Ninety-five percent said inclusive and accessible teaching resources are somewhat or very important. But only 48 percent say current teaching methods are inclusive and only 46 percent feel students are taught in ways that are responsive to their individual needs. Teachers also want schools to do more to address the mental and emotional wellbeing of students (74 percent) and feel students are still emotionally challenged by the disruption of the pandemic (72 percent). “Canada’s teachers are telling us we need revitalized learning models so their students don’t get left behind” said Marc Seaman, Vice President, Education Segment for Microsoft Canada. “New models are critical to improve outcomes for all students and prepare them for the digital future.” Building on decades of work with policy makers, school leaders and educators around the world, Microsoft is committed to teacher and student success. Microsoft is innovating to deliver tools and resources to educators that are responsive to student and teacher needs, supporting inclusive and accessible learning environments. Through programs like Showcase Schools, Microsoft collaborates with schools in Canada and worldwide to demonstrate what’s possible to transform learning and deliver sustained results for students. Microsoft also offers free curated learning to help instructors adopt new digital tools and design inclusive learning. Visit Microsoft.com/education for more information. About the FUSE Insights SurveyThese results are taken from a survey of 503 teachers from across Canada. The survey was delivered online, in English and French, between 1st and 8th June 2023; and covered a cross section of teachers by geography – 39 percent are in Ontario and 29 percent in Quebec, 12 percent are in BC, 15 percent in the Prairies and 8 percent in the Atlantic provinces – and grade. Of the 503 teachers who completed the survey, 493 (95 percent) teach students themselves, and the respondents also included 20 school administrators, principals and vice-principals. 88 percent of respondents to the survey work at public schools and the remainder in private schools; a little over a third (37 percent) of teachers who completed the survey teach Kindergarten to grade 3, a quarter (26

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