Are you a business owner? Take Insurance Bureau of Canada’s Cyber Savvy Assessment today.

Are you cyber savvy at work?

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We all have a role to play in being cyber safe at work.

According to new research from Insurance Bureau of Canada, small and medium-sized businesses (SMBs) and their employees are not moving fast enough when it comes to being cyber savvy at work.1

The research found there has been little change in the past year in the number of businesses offering cyber security training, even though employee actions are increasingly putting businesses at risk. This is despite both businesses and employees saying they are increasingly targeted by cyber criminals.


75% of respondents reported at least one behaviour that could potentially compromise their employer’s cyber security or data (compared to 72% in 2022).

Only 35% of respondents report that their employer provides mandatory cybersecurity awareness training (effectively unchanged from 2022).

42% of respondents say cybersecurity training was not offered early enough when starting at a new company.


41% of respondents believe it’s only a matter of time until they are hit by a cyber attack.

Only 48% have implemented defenses against a possible cyber attack.

Only 31% say their business has made cybersecurity a priority and created a cyber-safe culture.

Did you know?

The average total cost of a data breach to Canadian companies is an estimated $6.94 million. This is the third highest cost in the world. (Source: IBM, Cost of a Data Breach Report 2023)
Cyber insurance can be an effective way to help mitigate the impact of cybercrime on a business, and should be considered as part of an overall risk mitigation strategy. Take the Cyber Savvy Assessment and check out the resources below to learn more.

Insurance Bureau of Canada’s Cyber Savvy Assessment for Business Owners

Step 1 of 10

1. Does your business collect, process or store customers’ personal, confidential or financial information?(Required)

Disclaimer: Insurance Bureau of Canada’s Cyber Savvy Assessment for Business Owners provides general information about cyber risk for your convenience only. This information should not be construed as providing specific cyber security advice.


Insurance Bureau of Canada recently conducted two polls on actions, knowledge and sentiment about cyber risk and cyber security among employees and business owners or decision makers at small and medium-sized businesses in Canada.

Media Release

Report Card


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Cyber Insurance Checklist
List of questions you could be asked when applying for cyber insurance
Creating A Cyber Security Plan
Measures you should consider when developing your cyber plan (Canadian Centre for Cyber Security)
Cyber Savvy Checklist
Get a better understanding of whether you are taking the right steps to help safeguard your business from cyber risk.
Protect Your Business
Steps you can take to protect your organization’s networks and information from cyber threats
CyberSecure Certification
Consider Canada’s cybersecurity certification program for your small or medium-sized organization
Security Planner
Create a personalized plan to secure your data
Get Cyber Safe
Simple steps you can take to reduce cyber risk
Phishing: don’t get reeled in
Learn more about the most common cyber threat
Have you been a victim of cybercrime?
Information from the RCMP on how to report cybercrime
Canadian Anti-Fraud Centre
Get information on past and current scams affecting Canadians


The Cyber Savvy Canada website was created by the Insurance Bureau of Canada (IBC) to help increase cyber awareness among Canadian employees and businesses and educate on the simple steps we can all take to reduce our cyber risk at work.

IBC is the national industry association representing Canada’s private home, auto and business insurers. Our member companies make up the majority of the property and casualty (P&C) insurance market in Canada. For more than 50 years, IBC has worked with governments across the country to help make affordable home, auto and business insurance available for all Canadians and to educate consumers on how best to protect their homes, cars, businesses, and properties.

Are you a business owner? IBC is here to help.