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18 per cent of businesses affected by cybersecurity incidents last year: StatCan



A brand new Statistics Canada report says 18 per cent of Canadian companies have been impacted by cybersecurity incidents final 12 months, down from 21 per cent in 2019, as they spent more cash to forestall assaults.

The report discovered 16 per cent of small companies, 25 per cent of medium-sized companies and 37 per cent of enormous companies reported being affected by cybersecurity incidents in 2021.

Statistics Canada stated Tuesday companies mostly confronted makes an attempt to steal cash or demand ransom funds and efforts to steal private or monetary knowledge.

Sixty-one per cent of affected companies recognized exterior events because the perpetrator of cybersecurity incidents, whereas 38 per cent couldn’t determine the perpetrator.

The share of companies that reported spending cash to detect or forestall cybersecurity incidents remained comparatively the identical in 2021, at 61 per cent, in contrast with 62 per cent in 2019.

Nevertheless, the amount of cash Canadian companies spent to detect or forestall cybersecurity incidents elevated by roughly $2.8 billion in 2021 to $9.7 billion compared with 2019, Statistics Canada stated.

Giant companies spent $4.4 billion, small companies spent $2.9 billion and medium-sized companies spent $2.4 billion final 12 months.

Companies that have been hit with a cybersecurity incident spent a complete of barely greater than $600 million to recuperate, a rise of about $200 million {dollars} from 2019.

The report additionally discovered that many firms have been implementing insurance policies and procedures to mitigate dangers.

Greater than six in 10 companies had at the least one worker accountable for overseeing cybersecurity dangers and threats as of 2021, nearly 4 in 10 had a guide or contractor to handle threats, and nearly one-third had month-to-month or extra frequent updating of working programs.

The report was primarily based on knowledge collected from January to March 2022.

This report by The Canadian Press was first revealed Oct. 18, 2022.


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