Cybercrime is a growing concern for companies large and small, all around the world. Experts predict cybercrimes and data breaches will cost the world $6 trillion annually by 2021, which doubles the $3 trillion in cybercrime costs in 2015.
Cybercrime cost Canadian businesses $30 million last year, and small businesses were hit especially hard.
The top three types of fraud that victimized small businesses are:
9 in 10 Canadian companies suffered at least 1 cybersecurity breach last year, and 47% of those companies had sensitive data stolen. This is particularly concerning since 25% of internal fraud cases result in millions of lost dollars.
Despite those hard numbers, Canadian businesses remain hopeful. 90% of Canada’s business leaders feel “at least somewhat” able to deal with fraud. Though some experts say this 'It won't happen to me' optimism could give the advantage to criminals—and the RCMP says no organization is immune from internal or external fraud.
Need help investigating a breach and recovering your company’s valuable assets? Our world class consultants offer:
To discuss your needs, contact a Digital Forensics consultant by confidential email at DFIR@sasktel.com or voice mail (1.844.691.1646).
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