In 2023, about 1 in 6 (16%) Canadian businesses were impacted by cyber security incidents. The proportion of businesses impacted by cyber security incidents has been declining since 2019, with 21% of businesses being impacted that year and 18% in 2021. However, in 2024, global phishing attacks have surged by 34% over 2023.

The impact though is significant with total spending on recovery from cyber security incidents also increased in 2023, doubling from approximately $600 million in 2021 to $1.2 billion in 2023. (Statistics Canada Impact of cybercrime on Canadian businesses, 2023). The cost is expected to increase by 10% at the end of 2024 and in 2025, a 15% growth.

Lets not confuse the term Cyber Security as being somewhat of a buzzword over the last few years, which is why at InfoMedia Systems Group we’ve distilled the term to actionable items at its core… Breach Prevention, Backup and Recovery, Employee Education, Compliance and Monitoring.

Sounds pretty simple when put this way, right? And it can be… Cyber Security (done right) can help you to build a stronger, healthier business. We are providing affordable world class cybersecurity solutions so that businesses like yours can rest a little easier knowing that you are protected.