Cybercrime Getting More Costly for Businesses, StatCan Survey Shows

Cybercrime Getting More Costly for Businesses, StatCan Survey Shows
A woman passes a banner at CeBIT technology fair in Hanover on March 15, 2015. Tobias Schwarz/AFP/Getty Images
Doug Lett
Updated:
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A survey by Statistics Canada has found the cost of being hit with a cybercrime has risen substantially and creates burdensome business overheads.

The survey, titled “The Changing Landscape of Cyber Security Following the COVID-19 Pandemic,” found the average cost of dealing with a cybercrime rose to $19,000 in 2021, compared to $11,000 just two years earlier.
Doug Lett
Doug Lett
Author
Doug Lett is a former news manager with both Global News and CTV, and has held a variety of other positions in the news industry.
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