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The Growing Cost of Cyber Attacks: Why More Canadian Businesses Are Turning to Cyber Insurance
Jenny Holly Hansen   -   Apr 15, 2026 The Growing Cost of Cyber Attacks: Why More Canadian Businesses Are Turning to Cyber Insurance

The CIRA survey found that 28% of Canadian businesses fell victim to a ransomware attack in 2024, up from 17% in 2021. Alarmingly, among those targeted, 79% paid the ransom, with the most frequently paid amounts falling between $50,000 and $100,000. Let's talk about it.

by Jenny Holly Hansen
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Jenny Holly Hansen   -   Apr 15, 2026 The Growing Cost of Cyber Attacks: Why More Canadian Businesses Are Turning to Cyber Insurance
The Growing Cost of Cyber Attacks: Why More Canadian Businesses Are Turning to Cyber Insurance

The CIRA survey found that 28% of Canadian businesses fell victim to a ransomware attack in 2024, up from 17% in 2021. Alarmingly, among those targeted, 79% paid the ransom, with the most frequently paid amounts falling between $50,000 and $100,000. Let's talk about it.

by Jenny Holly Hansen
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