On average, Canadian organizations pay $6.32 million CAD per data breach [1].
Total spending on recovery from cyber security incidents increased from $600 million in 2021 to $1.2 billion in 2023 [2].
Financial sector organizations in Canada face an average cost of $9.28 million per breach [3].
72% of SMB leaders report cybercriminals attacked their organizations in the past year [4].
65% of SMBs don’t think or aren’t sure they are a ransomware target; a slight increase from 59% in 2022 [5].
70% of SMBs indicate a lack of skilled personnel to implement or monitor cyber security [6].
In 2024, phishing (15%) and stolen/compromised (16%) credentials were top attack vectors [7].
98% of organizations globally have vendors who have experienced a data breach since 2022 [10].
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