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.

  • 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 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: https://www.canadiansecuritymag.com/99-per-cent-of-canadian-organizations-said-cyber-attacks-have-increased-in-past-12-months-survey/

**With information from: https://www.pandasecurity.com/mediacenter/news/covid-cybersecurity-statistics/