14B spent on cybersecurity in 2017

Firms spent 14B on cybersecurity in 2017, more than 20% Struck by cyberattack

Over one in five Canadian businesses say they were struck by a cyberattack this past year, with companies spending $14 billion on cybersecurity since they face larger dangers in the electronic world, according to a new Statistics Canada poll.

Theft of personal or financial advice was typical — significantly less than one-quarter of their cyberattacks — although it had been the most cited rationale for investing in cybersecurity, StatCan explained.

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