Transparency

Sources & references

Every statistic on this site comes from a publicly reported source. Here they are, with links to the original reports so you can read the full context.

Statistics cited on this site

Average cost of a Canadian data breach: $6.98M (CAD). — IBM, Cost of a Data Breach Report 2025. ibm.com/reports/data-breach
SMEs are targeted disproportionately vs. large organizations. — CFC, cyber claims data. cfcunderwriting.com
Canada ranks among the most-targeted countries for ransomware. — Canadian Centre for Cyber Security, National Cyber Threat Assessment. cyber.gc.ca
The human element is involved in roughly two-thirds of breaches. — Verizon, 2024 Data Breach Investigations Report (DBIR). verizon.com/business/resources/reports/dbir
Mandatory breach reporting under PIPEDA (in force since Nov 2018). — Office of the Privacy Commissioner of Canada. priv.gc.ca
Canadian cyber-insurance market conditions and rate trends. — Insurance Bureau of Canada (IBC). ibc.ca

A note on figures: cyber statistics vary by source, methodology, and year, and the landscape changes quickly. The numbers here are used to illustrate scale and direction, not to predict any individual business's outcome. Links open the publishers' official pages; if a report has been moved or updated, the publisher's site is the authoritative source.

By J.R. Genua, CCIS — independent Registered Insurance Broker. Educational content only; not legal, financial, or binding insurance advice. Insurance is arranged through St. Andrews Insurance Brokers Ltd.