The steelmaker is also keeping a close eye on possible risks associated with artificial intelligence<\/p>\n
How serious is Algoma Steel about cybersecurity?<\/p>\n
Very serious, according to documents filed this month with securities regulators.<\/p>\n
So far, the Sault steelmaker has yet to experience a material cybersecurity breach, but the company disclosed in its most recent sustainability report that 100 per cent of its salaried employees have completed mandatory cybersecurity training.<\/p>\n
Cybersecurity is activity designed to shield computer programs, networks and systems against digital attacks.<\/p>\n
Cyberattacks can extort money using\u00a0ransomware.<\/p>\n
They can also interrupt a company’s business, and change or destroy sensitive information.\u00a0<\/p>\n
“To strengthen our human defence layer, we maintain a comprehensive cybersecurity awareness and training program for all employees,” Algoma Steel said in a sustainability report released on June 4.<\/p>\n
The company’s audit and risk management committee receives at least four updates on the issue each year.<\/p>\n
Algoma’s most recent staffing levels show it has about 335 salaried employees, working as front line supervisors, shift co-ordinators and planners, as well as office and technical professionals.<\/p>\n
“Periodic\u00a0deep-dive sessions are conducted to provide detailed insights into key risk areas, along with the mitigation strategies in place to address them,” the company reports.<\/p>\n
“Our cybersecurity program is aligned with the NIST Cybersecurity Framework, and we conduct recurring third-party maturity assessments to benchmark and continuously improve our capabilities.<\/p>\n
“We are also actively progressing toward compliance with NIST SP 800-171, which we anticipate will be a requirement for participation in Canadian government-sponsored projects.<\/p>\n
“To strengthen our human defence layer, we maintain a comprehensive cybersecurity awareness and training program for all employees.<\/p>\n
“This includes ongoing education as well as simulated phishing campaigns to reinforce vigilance and reduce susceptibility to social engineering threats.”<\/p>\n
Algoma\u00a0Steel is also keeping a close eye on possible risks involving artificial intelligence.<\/p>\n
“We have established an Artificial Intelligence (AI) Committee which includes the development of a responsible abd ethical use of AI\u00a0policy\u00a0to guide employee use of AI technologies.<\/p>\n
“As we expand the use of AI, we are aligning our governance approach with the NIST Risk Management Framework (\u201cRMF\u201d) playbook for AI, with oversight provided by the chief financial officer.<\/p>\n
“This includes implementing appropriate risk controls, validation processes, and maintaining a human-in-the-loop review model to ensure that no AI-driven changes are deployed to production environments without appropriate oversight and approval.”<\/p>\n","protected":false},"excerpt":{"rendered":"The steelmaker is also keeping a close eye on possible risks associated with artificial intelligence How serious is…\n","protected":false},"author":2,"featured_media":742270,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[266256,45,49,48],"class_list":["post-742269","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-algoma-steelartificial-intelligencealgoma-steel-inc-cybersecurity","tag-business","tag-ca","tag-canada"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/742269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=742269"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/742269\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/742270"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=742269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=742269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=742269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}