PwC Canada released the Canadian Cyber Threat Intelligence Annual Report, which highlighted the increasing organizational risk of cybercrime. According to the report, 11% of Canadian CEOs perceive their organizational exposure to cybersecurity risks to be either high or extremely high in the next 12 months. The concerns were heightened by the recent radical shifts in the threat landscape which were further fueled by geopolitical tensions, economic conditions, and rapid digitization. The report highlights the top cyber threats in the past year, which included attacks such as ransomware, state-sponsored threat actors, supply chain disruptions, phishing attempts, and exploitation of vulnerabilities and gaps in cloud computing and solutions which have led to major financial losses for organizations. The report also reviews the five key trends that will influence the Canadian threat environment in the next year which include artificial intelligence, ransomware operators, data breaches, geopolitical tensions, and threats focused on IoT and OT devices.

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