As we look back on 2019, there was no shortage of notable data breaches in the news, from Alberta Health Services to TransUnion Canada. In fact, the Office of the Privacy Commissioner of Canada (OPC) reported 446 breaches between November 2018 and June 2019 alone – nearly six times the number of reports received during the same period last year.

It’s clear that data breaches are becoming more significant, cybercriminals are becoming more sophisticated, and governing bodies are cracking down on organizations that fail to navigate the information and privacy landscape safely and effectively.

To help your organization defend against threats, we’ve put together a list of ten must-know cybersecurity statistics for 2019. 

  1. The global average cost of a data breach in 2019 is $3.92 million, a 1.5% increase from 2018. [IBM Security]

  2. Between November 2018 and June 2019, 446 breaches were reported to the OPC, affecting 19 million Canadians. [CTV News]

  3. Of the 446 breaches reported, 59% were a result of unauthorized access, such as a hack. [CTV News]

  4. By 2021, cybercrime will cost the world over $6 trillion annually, up from $3 trillion in 2015. [Cybersecurity Ventures]

  5. 90% of successful cyberattacks are caused by phishing. [Cofense]

  6. 21% of Canadian businesses report that they have been impacted by cybersecurity incidents. [Statistics Canada]

  7. 44% of Canadians are reluctant to do business with firms that have suffered data breaches. [XBASE Technologies]

  8. 59% of organizations store personal information from customers, but only 38% are familiar with PIPEDA. [CIRA]

  9. Only 26% of security issues are addressed by a product or technology alone. Equally important, 74% require people and/or policies to address. [Cisco]

  10. Training employees on how to recognize and defend against cyberattacks is the most under spent sector of the cybersecurity industry. Employee training may prove to be the best ROI on cybersecurity investments for organizations globally over the next five years. [Cybersecurity Ventures]

As we look forward to 2020, preventing breaches and mitigating the resulting damage will be of utmost importance for any organization, public or private, that stores information. No matter the threat, Cenera’s privacy experts can help you develop a sound privacy and information management strategy that will improve your defence against cybercrime, ensuring your sensitive data is as safe and secure as possible.

Contact us today to book your free consultation!

P: 403.290.0466
E: info@cenera.ca 

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