I wish I could tell you it’s eventually going to stop, but I can’t. Because it isn’t.
I’m talking, of course, about cybercrime. If you’ve read any of my previous posts, you probably already knew that. Cybersecurity is what I do. But I don’t assume. And trust me—my confidence in this isn’t an assumption, either. It’s based entirely on the numbers.
Just look at them: Between 2018 and 2022, the total number of police-reported cybercrimes in a year in Canada rose from 33,893 to 74,073, according to Statistics Canada. Break that down by the various provinces and other specified localities and, in almost every case, the frequency of attacks doubled or more over those four years. And who knows how many incidents go unreported.
The most recent National Cyber Threat Assessment (2023-2024) summarizes the situation well: “Over the last two years, cyber security has become a top concern for Canadians. Ransomware incidents hit the headlines on an almost daily basis both in Canada and around the world. Our essential services are being disrupted, from hospitals and schools to municipalities and utility providers. Our personal and financial data are being stolen, traded, or leaked online. Our online spaces are being flooded with false information and divisive rhetoric.”
It all adds up. And up. And up.
Here’s the delicate part: the more your organization is dealing with the public—the more, that is, the public depends on your organization for goods and services—the greater the negative impact of a disruptive and destructive cyber breach. And that impact only worsens the longer your operations and/or services are down or otherwise compromised—beginning with lost revenue as your customers seek out alternatives and including carry-on costs from reputational damage and other implications related to the recovery from business interruption.
In other words, the longer the business is down, the more damaging and expensive it is to recover. Several high-profile incidents over the past couple of years serve to drive this point home.