Canadian companies risk neglecting cybersecurity as recession looms

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, the number of chief executive officers of large Canadian companies who said they were “well prepared” or “very well prepared” for a cyberattack fell 17 percentage points compared to last year.

As for those who say they are “unprepared”, the number jumped by three percentage points.Sign up to receive daily headline news from Ottawa Citizen, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.

“The situation is different for small- and medium-sized organizations because many went from having little or no digital platforms pre-pandemic to having them today. Last year, as they were building their platforms, they may not have prioritized cybersecurity to the extent they are today,” says Robert Moerman, a cybersecurity partner at KPMG in Canada. “Now they better understand the risks and are either investing or planning to invest in appropriate defenses to protect their organizations.

59 per cent said building a strong cybersecurity culture is just as important as building technological controls, down from 83 per cent last year .

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