Digital Literacy

Small businesses often ignorant of cybersecurity risks: survey

A recent survey by the Insurance Bureau of Canada finds that small businesses need to assess their cybersecurity risks, CTV reports.

“IBM showed that Canada is actually the third most expensive place for a data breach,” said Mahan Azimi, a policy adviser with the Insurance Bureau of Canada. IBC also found in their survey of 1,500 Canadian business owners who responded to a recent poll, many said their businesses weren’t big enough to attract cybercriminals.

“And that number rises to 73 per cent for sole proprietors,” said Azimi.

“There does seem to be this sense among different businesses that, you know, we’re too small, no one’s going to come after us, but frankly anyone who operates online does face some level of risk.”