Cybersecurity

75% of Canadians are concerned about the threat of a cyberattack against organizations they know, up from 67% in 2016.

Any scan of daily headlines highlight the prevalence and scale of cybersecurity incidences in Canada and around the world. Large-scale security breaches are no longer a distant threat but directly affecting hundreds of thousands of Canadians.

Canadians' concerns around cybersecurity is growing alongside awareness.

Level of concern about cyberattack43

Canadians’ level of concern about cyberattack: 33 per cent are very concerned, 39 per cent are somewhat concerned, 12 per cent of people are neutral, 6 per cent are not very concerned, 1 per cent are not concerned at all and 2 per cent do not know.

Awareness of major cyberattack44

56 per cent of Canadians are aware of a major cyberattack, 29 per cent are not aware and 15 per cent do not know.

Level of concern about malware45

Canadian’s level of concern about malware: 40 per cent are very concerned, 39 per cent are somewhat concerned, 12 per cent are neutral, 6 per cent are not very concerned, 1 per cent are not concerned at all and 2 per cent do not know.

Likelihood of making purchase after cyberattack46

The likelihood that Canadians will make a purchase at an organization that has experienced a cyberattack includes: 17 per cent say they are not likely to at all, 27 per cent are not very likely, 25 per cent are neutral, 21 per cent are somewhat likely, 4 per cent are very likely and 6 per cent do not know.

44% of Canadians unlikely to continue making purchases from an online business following a major cyberattack.

A recent study by Cisco indicates that Canada receives nine times more cyberattacks per capita than the U.S. and nearly half of Canadians say they are unlikely to continue making purchases from online businesses following a major cyberattack.

Cybersecurity affects businesses of all sizes. According to Symantec, ransomware attacks, which lock down a user’s system and data in a demand for money, are now seeing average demands of about $1,000. The data backs up the threat to small business. The Canadian Chamber of Commerce recently released a report called Cyber Security in Canada that found that 71 per cent of all breaches impact small businesses. The lack of resources and technical know-how make small businesses particularly vulnerable.

About 71% of all breaches impact small businesses.