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The average total cost of a data breach for Canadian companies was $4.50 million (USD) according to a 2020 report1
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28% of respondents have noticed an increase in reported cyber attacks, insider threats, or data breaches since the pandemic began.2
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Average time to detect and contain a breach in Canada – 226 days3
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Average ransom demand increased by 33% since Q4 2019 to approximately $148,700 CAD in Q1 2020 due to the impact of targeted ransomware operations4
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Canada had the 3rd most security breaches of any country in 20175
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Canada loses 0.17% of GDP to cybercrime—that’s $3.12 billion per year6
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Cyber incidents (e.g. cyber crime, related IT failure and data breaches) were the #2 global business risk for 2018, up from #3 in 20177
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The ESET Cybersecurity Barometer reveals that most Canadians now consider cybercrime to be an important challenge to the internal security of Canada, with nine out of ten saying it is either very important (55.8%) or fairly important (33.5%)8
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More than 80% of Canadians surveyed believe that the risk of becoming a victim of cybercrime is increasing9
1 2020 IBM Cost of a Data Breach Report by Ponemon Institute and IBM, https://www.ibm.com/
2 https://www.conferenceboard.ca/focus-areas/innovation-technology/tech-checkup
3 2020 IBM Cost of a Data Breach Report by Ponemon Institute and IBM, https://www.ibm.com/
4 National Cyber Threat Assessment 2020 by Canadian Centre for Cyber Security, page 22 ( https://cyber.gc.ca/sites/
5 Symantec, 2017 Internet Security Threat Report, Page 50
6 Intel Security, Net Losses – Estimating the Global Cost of Cybercrime: www.mcafee.com/ca/resources/reports/rp-economic-impact-cybercrime2.pdf
7 https://www.agcs.allianz.com/assets/PDFs/Reports/Allianz_Risk_Barometer_2018_EN.pdf
8 https://www.welivesecurity.com/wp-content/uploads/2018/11/ESET_Cybersecurity-Report2018.pdf
9 https://www.welivesecurity.com/wp-content/uploads/2018/11/ESET_Cybersecurity-Report2018.pdf