According to global accounting firm KPMG, cybercrime is becoming a major problem in Metro Vancouver and on Vancouver Island. A recent survey conducted by KPMG revealed that over half of the businesses in these regions had experienced cyberattacks in the past year. The survey specifically focused on 73 small and mid-sized firms in the area with annual revenues of more than $10 million. Shockingly, 54% of these businesses reported having paid a ransom to unlock their computers in the past three years. Despite this, KPMG found that 60% of the surveyed companies did not consider cybersecurity a priority. KPMG advises businesses to proactively identify their most crucial data and systems and focus on protecting and securing them. Regular vulnerability testing is also recommended. The consequences of cyberattacks can be costly and can impair the operations and reputation of a business. Therefore, it is crucial for businesses to recognize and address the growing threat of cybercrime. This report was first published on October 24, 2023, by The Canadian Press.

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