Did you know that more than 54% of impacted businesses in Canada report that cybersecurity incidents prevented employees from carrying out day-to-day work, while close to 30% experience additional repair or recovery costs?

Canadian businesses continue to rapidly embrace the Internet and digital technologies, which has the potential to expose them to greater cybersecurity risks and threats. However, the impact of these risks and threats on the investment and day-to-day decisions of businesses are not easily understood as cybersecurity incidents often go unreported.

The following paper from Statistics Canada begins by looking at how businesses are exposed to cybersecurity risks and threats through their use of digital technologies and services that are connected to the Internet. It further explores the impact cybercrime had on business operations in 2017 and the reporting practices of businesses after the incident. Finally, the article examines the types of investments businesses had made to manage these risks and threats through the types of cybersecurity measures they employed.

Check out the report