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.
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.