Final answer:
The primary issues in Canadian business cyber security include data breaches, cyberwarfare, online privacy, and the ethical implications for businesses in safeguarding personal information. Companies are urged to adopt stronger security measures and ethical guidelines to navigate the technological and privacy challenges of the digital age.
Step-by-step explanation:
Cyber security is a paramount issue affecting Canadian businesses, as they face challenges such as large-scale data breaches, threats of cyberwarfare, and issues surrounding online privacy and security. Incidents like the data breaches at prominent companies reveal not only the vulnerability of personal information but also the imperative for stronger security measures. The Pew Research Center survey highlights industry concerns regarding cybercrime, privacy infringement, and other risks emerging from technological advancements, echoing the sentiments of philosopher Nick Bostrom on potential mismatches between human cooperation and technology's power.
The ongoing discussion in academic courses and among business professionals underscores the increasing sophistication of cyber attacks, often involving foreign governments and leading to significant financial and reputational damage for companies. The theft of customer and employee information highlights the need for improved security strategies, including two-factor authentication, stronger passwords, and cybersecurity education.
Business ethics and information technology (IT) ethics interplay in creating robust frameworks to address these issues. The implementation of codes of ethics and corporate responsibility within organizations paves the way for better protection measures, thus aligning business operations with ethical standards focused on the safety and privacy of individuals.