2024 Canadian Cybersecurity Trends

Cybersecurity Spending in Canada Continues to Increase Despite Declining IT Budgets

Against the current economic backdrop, organizations are increasingly adopting cost-cutting measures, leading to a notable decrease in IT budgets, which have declined by more than 50 percent compared to 2023. Despite this downward trend, Canadian companies continue to increase cybersecurity spending in relation to their overall IT budget year-over-year, indicating that cybersecurity remains a priority to reduce potential negative impacts on their business.

Get CDW Canada’s 2024 Canadian Cybersecurity Study, our latest annual survey with IDC, to learn how Canadian organizations are combating cybersecurity threats and attempting to minimize their impact. Learn how Al has altered the cybersecurity landscape and what IT decision-makers might be overlooking as they adopt zero trust.

The 2024 Canadian Cybersecurity Study reveals:

Cyberattacks have decreased, however, the number of successful cyberattacks continues to rise

How AI has altered cybersecurity, for both attackers and defenders

Organizations often overlook a critical component for success: threat detection and response

An effective approach for addressing security gaps on the public cloud must consider the entire cloud ecosystem

59%

of Canadian organizations are working on a security policy regarding the use of AI in the workplace.

29%

of organizations implementing zero-trust strategies have a policy in place that mandates security monitoring for threat detection.

57%

indicated that the public cloud is the most impacted IT component from a cybersecurity attack.

35%

do not feel that migrating their workloads to the public cloud has met their security expectations.

2023 Canadian Cybersecurity Trends

Get the Latest Canadian Cybersecurity Trends in Our 2023 Security Study

Our annual CDW Security Study examines the latest cybersecurity trends and their impact on Canadian organizations.

40%

of respondents faced more than 250 security-related attacks or threats in the last 12 months.

73%

say it takes them more than a week to recover from a cyberattack.

62%

say gaps in security skills reduce their ability to prevent cyberincidents.

68%

have either adopted or are in the process of adopting a zero-trust architecture.

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In compiling our most recent report, we discovered:

40%

of respondents faced more than 250 security-related attacks or threats in the last 12 months.

73%

say it takes them more than a week to recover from a cyberattack.

62%

say gaps in security skills reduce their ability to prevent cyberincidents.

68%

have either adopted or are in the process of adopting a zero-trust architecture.

40%

of respondents faced more than 250 security-related attacks or threats in the last 12 months.

73%

say it takes them more than a week to recover from a cyberattack.

62%

say gaps in security skills reduce their ability to prevent cyberincidents.

68%

have either adopted or are in the process of adopting a zero-trust architecture.

To learn more about these and other cybersecurity trends, download your complimentary copy of the 2024 Canadian Cybersecurity Study today.

Download the Study