Watch Magazine 2013 - Issue 3

WATCH Issue 3 - 2013 | 1

2 | WATCH Issue 3 - 2013

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In this issue of Watch, we tackle the difficult issue of cybercrime and cybersecurity head on, looking at the role the Waterloo Region will play in helping the world build more secure technologies and protect individuals working, communicating, and exchanging information online.

Within this community we are proudly fostering a growing cluster of expertise centered on the field of cybersecurity, that incorporates elements of academia, technology, business and thought leadership.

The University of Waterloo, world recognized for its engineering and mathematics programs, contributes internationally recognized expertise in cryptography, actuarial science, and Quantum computing. Within our start-up community we have a growing number of companies focused on solving key security issues such as data communication in the cloud and secure authentication. And with the new Canadian Centre for Cyber Risk Management (C3RM) we are developing a platform for knowledge exchange, the cultivation of cyber best practices, and thought leadership on issues regarding online privacy, security governance, and safe conduct of individuals and businesses online.

So while cybercrime presents very real risk to each and every one of us, I take some personal solace in knowing that our community is stepping up to the plate. With all we have to offer, and the depth of our expertise, Waterloo Region has a tremendous opportunity to take significant leadership role in making our world online a safer place to be.

Success by the numbers Dr. Scott Vanstone Looks Back on a Lifetime of Achievement

INSIDE THIS ISSUE:

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© 2013 Watch Magazine is a publication of the David Johnston Research + Technology Park. All rights reserved.

Reproduction without written permission from the David Johnston Research + Technology Park is strictly forbidden.

DESIGN: BLUEGIRL, WRITER: IGNITION, PHOTOGRAPHY: ONE FOR THE WALL

www.rtparkwatch.com

www.rtpark.uwaterloo.ca

I Think Security Rethinking Data Security in a Cloud-based World

The Canadian Centre for Cyber Risk Management (C3RM) Battling the Cyber Threat

Business Directory Research + Technology Park University of Waterloo tenant directory

Watch Interview With Dr. Pearl Sullivan, Dean of Engineering


It is rare for someone who has chosen the academic path to reach the pinnacle of success in an academic career, and succeed in the business world as well. Yet Scott Vanstone, Distinguished Professor Emeritus; 35-year professor of mathematics and cryptography at the University of Waterloo, and a fellow of the Royal Academy of Sciences has accomplished exactly this. For in addition to an illustrious career in academia, Dr. Vanstone has achieved enviable business success as the co-founder of one of UW’s greatest commercialization success stories, Certicom.

Certicom (originally called Cryptech renamed to Certicom in 1995), was co-founded in 1985 by Vanstone with fellow professor Dr. Ron Mullin and Dr. Gordon Agnew, a UW Electrical Engineering Professor, with technology built around elliptic curve cryptography (ECC), a public key cryptography scheme based on the algebraic structure of elliptic curves over finite fields, rather than through the traditional method of generation as the product of large prime numbers.

From 1999 through to its sale to BlackBerry (then Research In Motion) in 2009, Certicom became a focal point for ECC technology – not only through the patents it held, but the products it built to enable ECC’s implementation in a myriad of technologies.

BlackBerry was one of Certicom’s earliest customers. The addition of security on a mobile device was a novel concept at the time, but security was top of mind for BlackBerry users. “Certicom was a top

technology provider and right there on their doorstep,” says Vanstone. To this day, BlackBerry’s best in class security, made possible by ECC, is widely regarded as one of the company’s most unique and valuable assets.

Certicom’s ECC is also found in every major standard in the world today, every smart energy reader, flatscreen television, BluRay player and BluRay DVD.

After achieving the heights of academic and business success, one would assume Scott Vanstone would settle into retirement and enjoy the fruits of his professional success. Think again. Vanstone is back in the thick of the start-up world once again, with TrustPoint, a technology start-up housed at the Waterloo Accelerator Centre, focused on yet another commercial application of ECC.

“Base ECC technology is now widely accepted as the direction to go, but you need more than that,” Scott explains. “You need a public key infrastructure to support this technology. TrustPoint is focused on providing a vital piece of information to you, to me, and to everyone in the system that says to each party that they can have the assurance and trust to communicate. In each and every system, in the Internet of things, you need that assurance. And we want to create that point of trust.”

D R . S C O T T V A N S T O N E , T R U S T P O I N T

Success by the Numbers

VIST: www.rtparkwatch.com for an extended version of this article.

Dr. Scott Vanstone Looks Back on a Lifetime of Academic and Business Achievements

Base ECC technology is now widely accepted as the direction to go, but you need more than that,” Scott explains. “You need a public key infrastructure to support this technology.

DR. SCOTT VANSTONE TRUSTPOINT INNOVATION TECHNOLOGIES LTD. www.trustpointinnovation.com


With a Bachelor’s degrees in Math and Computer Science, a Masters degree in Computer Science and a PhD in Computer Science and Math (specifically Cryptography), it’s a bit of an understatement that Cedric Jeannot, CEO of I Think Security likes solving problems. And he’s pointed his company at solving one of the thorniest problems facing our economy today – cybersecurity.

“Cybercrime is an incredibly complex problem to solve, and it’s growing at an exponential rate. Yet most large businesses today continue to run on security technology and infrastructure built 20 years ago. Organizations need to keep up, and there’s much need for improvement and innovation in this space. I knew we could make a difference,” says Jeannot.

I Think Security has built a cloud-based platform as a service solution that takes care of data security in any form and injects something (think of a virus, but a good one – urges Jeannot) into documents to make the documents secure wherever they may travel. So if you are in China, and you try to open a document, you can’t because the intelligence in the document will prevent you from opening it.

“We have determined a way to make the document clever enough, so security policy can actually live within the document itself,” says

Jeannot. “Then our platform monitors and tracks activity around the document.”

The applications for I Think Security’s data security platform are limitless and exist across many industries, however the company, a start-up that has only recently graduated from the Waterloo Accelerator Centre, has opted to establish early market traction through a go to market strategy that specifically targets the financial services sector in New York.

The problems presented by data security are so immense; it is often difficult for the average consumer to fathom the potential harm that can be done. But as awareness grows among consumers and corporations, so does I Think Security’s business opportunity.

“Just recently, it was reported that malicious cyber activity costs the US economy as much as $100 billion dollars a year – massive economic impact – yet in the case of most cyber theft, whether financial or IP is that it is invisible to the average individual,” Jeannot explains. “You don’t see it, and you don’t realize the damage until it is far too late.”

D R . S C O T T V A N S T O N E , T R U S T P O I N T C E D R I C J E A N N O T , I T H I N K S E C U R I T Y L T D .

Success by the Numbers

Rethinking Data Security in a Cloud-based World


CEDRIC JEANNOTCEO, I THINK SECURITY

www.ithinksecurity.ca

$1 TRILLIONGlobal cost of cyber attacks

$5.5 MILLIONCost of a data breach to

an enterprise

$318Cost per lost or stolen record



“We are dealing with both an immense and highly complex issue that is quite literally mushrooming out of control,” says Doug Blakey, CEO and founder of Waterloo Security Ltd. (WatSec), a Waterloo-based company focused on helping organizations manage cyber risk through a combination of training, technology and insurance. “In the Internet of things, everything is connected. We are increasingly technology reliant and at the same time, facing an increased risk of exposure. As a society we need to bring awareness to the issue of cyber risk, and work collectively to develop solutions that mitigate risk today, and ideally, prevent risk in the future.”

Blakey is founder of the Canadian Centre for Cyber Risk Management, (C3RM) a centre of cyber excellence and expertise based in

Waterloo Region where representatives from business, academia, and government come together to exchange knowledge, advocate awareness, and ideally, collaborate on finding new answers to the complex problems cyber presents to society.

Only months after its formation, C3RM boasts an impressive roster of founding members including cyber and security experts from Affiliated Brokers Exchange (ABEX), Automated Tooling Systems, Crawford and Company Insurance, eSentire, Ernst & Young, Miller Thomson LLP, WatSec and the University of Waterloo. The fledgling organization has also caught the eye of Ontario’s Privacy Commissioner, researchers from the University of British Columbia, and the Canadian Embassy in Washington.

BATTLING THE CYBER THREAT


According to Interpol, the world’s largest police organization, cybercrime is one of the fastest growing areas of crime. Attacks against computer data and systems, identity theft, intellectual property theft, child pornography, and the perpetuation of online financial fraud are just a handful of the ways cybercrime is committed each day, at a global estimated cost of between $70 and $400 billion a year according to new data recently released by the Centre for Strategic & International Studies.

T H E C A N A D I A N C E N T R E F O R C Y B E R R I S K M A N A G E M E N T


PHOTO L TO R: Bill Brunson - eSentire, Ted Aslanidis - Ernst & Young LLP, Viorel Vilcu - Automated Tooling Systems, Carol Stewart - David Johnston Research + Technology Park University of Waterloo, Jad McGregor - Affiliated Brokers Exchange (ABEX), Doug Blakey - WatSec, James Mignacca - Root Cellar Technology, Dale Avis - Crawford and Company Insurance, Kevin Tuer -Canadian Digital Media Network (CDMN) and Communitech

“We are extremely excited to be involved with a consortium of players representing various subsectors – each with expertise in the field of cyber,” says Professor Vic DiCiccio, of the University of Waterloo’s Cheriton School of Computer Science. I can see C3RM being an instructive and exciting microcosm that has the potential to expand far beyond this region.”

“When planning and implementing organizational cybersecurity, it is critical that you avoid false trade-offs, such as the dated zero-sum view that privacy must be sacrificed for security. Such thinking is inherently flawed,” says Dr. Ann Cavoukian, Information

& Privacy Commissioner of Ontario. “Security and privacy can easily co-exist to deliver a positive-sum, a win-win solution. This is one of the key principles of Privacy by Design, the international standard for privacy protection. C3RM recognizes this standard and clearly understands the importance of respecting an individual’s right to privacy in the design of cybersecurity. It is truly gratifying to see this organization develop into a Canadian thought leader and vital resource.”

Security and privacy can easily co-exist to deliver a positive-sum, a win-win solution. This is one of the key principles of Privacy by Design, the international standard for privacy protection.



T H E C A N A D I A N C E N T R E F O R C Y B E R R I S K M A N A G E M E N T


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Watch: UW engineers have a tremendous entrepreneurial track record. What is it about the climate of learning in this program that fuels entrepreneurship?

Dr. Sullivan: If you talk to our young graduates you have to stand back in awe. They are smart, mature and have a wide range of capabilities. These young businessmen and women are being thrown into the competitive business world and

they are not just surviving but thriving. Why are they willing to take such risks? I think it’s because they are confident and have a fallback plan should their ventures not succeed – they have strong job prospects because of co-op. Waterloo Engineering has become an early incubator and this role should not be underestimated. Technology-ready societies are more capable of capturing opportunity and this has a profound economic impact. Just to illustrate my point, most of the new jobs in Canada created in the past decade are through entrepreneurial ventures.

To give our students an even greater opportunity and grounding around entrepreneurship, we will launch an entrepreneurship option for our second year students next year. This option will provide students with basic building blocks in subjects such as intellectual property, marketing, and financing. It will embed mentors from the Conrad Business, Entrepreneur and Technology Centre and VeloCity within the undergraduate program. The premise here is to “incubate early”, that is, bring entrepreneurial students into the ecosystem fold well before the Capstone Design phase. This is not meant to turn all our students into entrepreneurs but to expose them to the support system should they be interested in testing the market feasibility of their ideas.

WATCH: This issue of Watch is focusing on Waterloo’s growing cluster of companies addressing cyber risk, and cybersecurity. What contribution do

you see the engineering program making to this industry?

Dr. Sullivan: The University of Waterloo has an extensive history in the field of cyber, and has pioneered research and technology commercialization in this field.

The university’s Centre for Applied Cryptographic Research is one of the first such clusters in North America. And, the university has the largest security group among all Electrical and Computer Engineering (ECE) departments in Canada, with specific expertise in such niche areas as light weight crypto, side-channel analysis, and access control.

Researchers from engineering regularly collaborate with colleagues from the School of Computer Science at Waterloo on a variety of topics pertaining to crypto and security ranging from theory to practice. We are extremely fortunate to have the world-renowned David R. Cheriton School of Computer Science as a partner in our

Software Engineering program. So overall, I can comfortably say the University of Waterloo is known to be a world leader in software security research.

WATCH: What words of wisdom do you have for your students as they embark upon their engineering career?

Dr. Sullivan: We admit the brightest minds and we graduate excellent talent – in large numbers. There is great optimism as our students already take leadership roles before they leave us. I have no doubt they will contribute towards solving some of the most complex problems the world is facing. What I hope is that as they do so, our engineers of the future will also care about the future. I want to see them make decisions that impact society and our planet in a positive way, and to consider the longer term consequences. It’s important to me to know that they recognize the driving question when solving a problem is not “at what cost?” but rather “at whose cost?”

INTERVIEW WITH DR. PEARL SULLIVAN, DEAN OF ENGINEERINGD R . P E A R L S U L L I V A N , U N I V E R S I T Y O F W A T E R L O O



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Watch Magazine 2013 - Issue 3

Documents

issue of watch

entrepreneurial coop

skilled students

waterloo region

watch magazine

difficult issue of cybercrime

yearround coop

cyber risk management