Cyber Risks: An Increased Threat During COVID-19

Cyber criminals are attempting to take advantage of the upheaval caused by the COVID-19 pandemic

Thanks to an almost-overnight increase in the number of Canadians working from home, and a dramatic surge in the volume of online business being conducted, organizations are contending with a highly elevated risk of cyber attack.

Criminals are attempting to take advantage of the pandemic and aggressively targeting commercial enterprises. Small and medium-sized businesses need to be vigilant.

It's more important than ever that businesses take steps to ensure they're protected from cyber crime.

Study: Small Business Cyber Security Survey

Report: Insurance Fraud in Times of Crisis

  • Cyber attacks are on the rise in Canada. Small and medium-sized businesses are often targeted as entry points to gain access to larger businesses.*
  • More Canadians working from home during the pandemic has increased opportunities for cyber criminals, as organizations worked to adopt proper cyber security protocols on a wide scale.**
  • While businesses across the board are targets for cyber attacks, at this particular moment, organizations related to the health care industry are experiencing an elevated level of attacks.**

Cyber attacks can be extremely costly

Cyber attacks are becoming more common

Small businesses are at risk of cyber attacks

Cyber insurance can give you peace of mind

Cyber criminals are becoming more savvy. They're targeting businesses using a variety of methods, with some of the following types of attacks becoming more prominent.*

Losses due to cyber crime can be extremely costly and the COVID-19 pandemic has put Canadian businesses at even greater risk of an attack. Talk to your insurance provider about how you can better protect your business and customers.

*With information from:

**With information from: