Canadian businesses are at risk Media stories about cyber attacks on huge corporations and organizations often dominate the headlines when they happen, but smaller businesses are at risk too. A hack, or breach, against a smaller organization often doesn’t generate significant attention, but it can severely harm or ruin a small or medium-sized business. In today’s world, many businesses conduct all of their activities electronically, and the majority of their assets are in the data they collect.This is why, in July of 2019, IBC commissioned a poll to examine how members of Canada’s small and medium-sized business community feel about this growing threat, and shared the results.Take a look at: • The complete survey • An infographic outlining the survey’s most interesting resultsLearn more about protecting your business:Importance of cyber insuranceProtect your business from cyber crime Facts About Cyber CrimeCyber crime typically involves an attack on an organization’s electronic infrastructure and/or gaining unauthorized access to data with the intent of stealing it. These attacks are not only inconvenient and expensive, they can present an existential threat to a business or organization. Related ServicesKnow your cyber risksWhen insuring assets, many companies still prioritize bricks and mortar over informational assets and data. Most medium- and small businesses that protect their data with a cyber insurance policy are underinsured.Protect your organization from cyber crimeFor companies that sell products via e-commerce or maintain electronic data on their customers, a systems breach containing this information can cripple or ruin a business.