All about cyber security
March 2016
With the leaks associated with personal data in everything from credit cards to government to dating sites, cyber security is a growing concern with Canadians right now. Cyber security focuses on protecting computer systems from cyber attacks, which are breaches in data, hardware and software. Find out more about cyber security.
Connectivity
The cyber security market is estimated to grow by 2020 to $170 Billion.
42.8 Million detected cyber attacks were reported in 2014.
48% increase from 2013.
5 of 6 large corporations (2500+ employees) experienced a cyber attack in 2014.
Productivity
According to MIT Technology Review, venture capitalists have been increasing total investment in companies selling next-gen security products.
Rising venture capital interest in cybersecurity startups
2015: $3.3 Billion, 255 deals
2014: $2.5 Billion, 240 deals
2013: $1.7 Billion, 201 deals
2012: $1.2 Billion, 156 deals
2011: $0.8 Billion, 120 deals
2010: $0.8 Billion, 108 deals
IIn a study of 350 executives, 80% said cyber attacks could inflict "serious impacts to business profitability and growth" while 45% said these attacks could significantly impact employee productivity.
The average cost of a data breach is $3.8 million, a 23% increase since 2013.
Mobilizing digital content
Key sectors at risk from attacks are:
- Utilities & energy
- Telecommunications
- Cloud computing
- Retail
- Banking
- Housing
Access to talent
6 million security professionals will be needed by 2019. 4.5 million will have the necessary qualifications.
Between 2014 and 2019 10.8% annual increase in demand for security professionals, 5.6% annual increase in supply for security professionals.
Canadian Digital Media Network
Government of Canada
For more on key trends impacting Canada's digital media economy, visit cdmn.ca/trends