More than one in five Canadian companies say they were hit by a cyberattack last year, with businesses spending $14 billion on cybersecurity as they confront greater risks in the digital world, according to a new Statistics Canada survey.

The most common suspected motive was an attempt to steal money or demand a ransom payment, according to the survey. Theft of personal or financial information was less typical — less than one-quarter of the cyberattacks — though it was the most cited reason for investing in cybersecurity, StatCan said.

Source: CBC News

Date: October 18th, 2018

Link: https://www.cbc.ca/news/business/statistics-canada-business-cybersecurity-1.4863500

Discussion

1) Why does it matter that 1 in 5 Canadian companies were hit by a cyberattack?

2) What are you doing to better understand cybersecurity risks and how to control those risks?