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Ransomware attack volumes continue to shrink — For the second year in a row, the number of unique ransomware payloads trended downward in , falling to 2, unique payloads from 4, in and the all-time-high of 5, in These figures represent individual variants of ransomware that may have infected hundreds or thousands of endpoints worldwide.
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The majority of these detections resulted from signatures originally implemented in to detect WannaCry and its related variants, showing that ransomworm tactics are still thriving over three years after WannaCry burst onto the scene. This malware is part of a network of servers that directly targets IoT devices and consumer-grade network devices like routers to exploit any open vulnerabilities.
SolarWinds breach illustrates the perils of supply chain attacks — The sophisticated, allegedly state-sponsored SolarWinds supply chain breach will have wide implications throughout the security industry for years to come. Its effects spread far beyond SolarWinds to almost companies, including some major Fortune s, big security companies, and even the US government.
New trojan dupes email scanners with multi-payload approach — Trojan. The attack begins with an email asking victims to review an order list attachment. The document triggers a series of payloads and malicious code that ultimately lead the victim machine to load the final attack: the Agent Tesla remote access trojan RAT and keylogger.
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This shows that even as the world continues to operate remotely, the corporate network perimeter is still very much in play as threat actors continue to target on-premises assets. In Q4, WatchGuard appliances blocked a total of more than The full report includes details on additional malware and attack trends from Q4 , a detailed analysis of the infamous SolarWinds supply chain attack, and key security best practices for readers.
To learn more, visit WatchGuard. Also, visit our InfoSec blog, Secplicity, for real-time information about the latest threats and how to cope with them at www. Subscribe to The — Security Simplified podcast at Secplicity. All other marks are property of their respective owners. McAfee and Panasonic partner to protect connected vehicles around the world against cyber-attacks,. One year following the inception of the COVID pandemic, the compounding effects of dramatic changes in the housing preferences of affluent Canadians, new demands across multiple generations of homeowners and buyers, significant cash accumulation, easy access to borrowing, and pent-up local and international demand, are rippling across the market.
With sales activity and price gains accelerating across major cities across the country as a result, strong performance is projected this spring. The first two months of the year also saw strengthening high-end residential real estate sales in metropolitan areas where the price threshold for luxury real estate is more accessible. We are forecasting multiple waves of consumers in the coming months, both local and international, who have a desire for Canadian real estate ownership that has never been stronger.
Most importantly, these potential buyers have unprecedented access to cash and low-cost borrowing that will enable them to engage in the market in months to come. Interior renovations have included kitchen upgrades, reconfiguration of space to accommodate home offices, and the addition of theatres, and personal fitness and wellness facilities.
Lack of luxury real estate inventory in Toronto, Montreal and Vancouver is amplifying this renovation trend. Others are purchasing luxurious move-in ready properties and renovating to meet bespoke personal preferences.
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While this renovation trend is largely driven by end-users, market confidence is also motivating investment-minded buyers to purchase homes for renovation in anticipation of future resale at a higher price. Multi-Generational Influences on Luxury Single Family Home Market Across multiple generations of homeowners and homebuyers, dramatic changes in housing and lifestyle preferences are heightening demand and simultaneously reducing single family housing supply on the resale market.
Due to public health concerns following the start of the pandemic, the preferences of this influential generation have evolved. Some are re-evaluating the benefits and perceived risks of higher density housing and their common amenities and facilities. With the pandemic, the preference for single family home living amongst young families has soared as the need to accommodate working and studying at home, as well as preference for home recreational and entertainment space increased.
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Luxury condominium sales activity is experiencing a significant renewal, with multiple offers and brisk sales the new norm for Toronto and Vancouver. With the prospect of widespread vaccine availability in Canada this year, local consumer demand and both Canadian and international investor confidence in the luxury condominium market is rebounding. Depleted inventory and steep price gains in metropolitan single family home markets is also pressing homebuyers to purchase large condominiums out of necessity and a sheer lack of alternatives.
This revitalized consumer demand and confidence positions the Toronto, Vancouver, Montreal condominium luxury condominium markets for steady gains through the spring. Pent-up Cash, Financial Market Turbulence to Stimulate Luxury Demand The significant accumulation of cash by mid- and high-income Canadian households during the pandemic is poised for release into the economy as a whole, and the real estate market specifically in the spring and summer of , reinforcing continued demand.
With low interest rates discouraging cash accumulation, CIBC has predicted the deployment of cash in the spring and summer of through consumer spending, financial investment, real estate and intergenerational wealth transfer.
For the past few years, affluent real estate consumers have been investing more into primary home purchases, buying multiple properties for vacation and investment, upsizing their real estate choices, and in the case of baby boomers and older adults, reinvesting proceeds from home sales into a new property for themselves or their children rather than exiting the housing market.
These trends have only been magnified through the course of the pandemic, with the outflow of pent-up cash reserves to ignite new buying activity in the coming months. However, an upswing in the volume of international enquiries on luxury property listings in Toronto, Montreal and Vancouver in the preliminary months of reveal that underlying demand has not dissipated and is set to resurge in the seasons ahead. Furthermore, as an international beacon representing stability, security and safety, Canadian real estate continues to be well-positioned as a destination for foreign investment and asset diversification for high and ultra-high net worth investors worldwide.
Although the pandemic has seen international buyers purchasing luxury Canadian properties either entirely virtually, or in some cases, sight unseen, many are also awaiting the reopening of borders to enable tangible visits to view and buy properties. Top-Tier Market Outlook: Spring VancouverLuxury real estate sales spiked dramatically in the City of Vancouver in early , as affluent homebuyers sought to optimize their homes, living spaces and lifestyles in response to the COVID pandemic.
Urged on by low interest rates, restored market confidence and changing housing preferences given the evolution of lifestyle needs resulting from the pandemic, affluent buyers and sellers previously sidelined in due to the pandemic flooded into the market, propelling sales activity above pre-COVID levels. The swift resurgence of luxury real estate sales in the City of Vancouver reveals that local demand for urban living remains resilient despite the pandemic, even as migration towards high-end suburban living is a concurrent trend.
Furthermore, a notable increase in international enquiries on luxury Vancouver properties in recent months indicates that an influx in buying activity from expatriates, new Canadians and permanent residents is inevitable as soon as borders reopen. Local and global confidence in the luxury real estate market of a city ranked as one of the most liveable cities in the world will continue to accelerate sales activity and prices into the months ahead. Supply released into the market from motivated sellers pricing to current market realities is being met by buyers equally motivated to transact this spring, resulting in increased sales activity in the months ahead.
Healthy activity at prices calibrated for current conditions is encouraging sellers to re-engage in the luxury and ultra-luxury market while drawing local and global interest in the process. Market conditions will continue to skew strongly in favour of buyers and investors seeking opportunities in one of the most affordable luxury markets in Canada. While a shift in preference to single family homes and access to outdoor space has been a key activity driver, propelling migration to suburban and recreational regions, demand across all housing types is strong, as people make changes to align their homes to new housing needs.
While overall GTA sales increased GTA market performance in the first months of predicts a heated spring market with accelerating sales and price gains. Intense demand for high-end housing, coupled with an extreme supply shortfall is driving widespread bidding wars across the luxury market, propelling price increases and rapid sales.
Sales data from the preliminary months of also reflect a vigorous luxury attached home market, with activity limited only by the absence of inventory. Luxury attached home sales from March 1—15 reinforced this trend. The GTA luxury condominium market remained resilient in the initial months of , and early March data reveals a segment that is poised to gain ground in the coming months.
Demand is resurging as consumer confidence in luxury condominium living rises with the prospect of broad vaccine availability in Canada, and as the lack of inventory in the single family and attached home markets channel homebuyers into higher density housing. Additionally, the desire for the convenience and vibrancy of city living from those who have relocated to the suburbs or recreational areas is translating into additional purchases of luxury condominiums as secondary homes in the city core.
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City of Toronto luxury condo sales reflected these trends. This upswing in high-end condo sales activity is expected to accelerate into the spring. With prospective home buyers demanding more living space given changing lifestyle needs brought on by COVID, top-tier single family home sales in the City of Montreal have been constrained by a shortfall of inventory. Following a temporary softening of the market in , demand for high-end condominiums rebalanced in the latter months of and the preliminary months of Copyright owned or licensed by Toronto Star Newspapers Limited.
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