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Key findings: the cyber threat landscape in 2025 1. Ransomware and state-sponsored attacks continue to escalate Canada's critical sectorsincluding healthcare, energy, education, and retailhave become prime targets for cybercriminals. Leverage cyberinsurance to mitigate financial risks associated with supply chain attacks.
The economic downturn (caused by energy prices, inflation, sanctions, etc.) will lead more people to poverty, which always translates to increased criminality (cyber or otherwise), and we know ransomware to be extremely profitable. Stefan Soesanto, Senior Cyber Defense Researcher, The Center for Security Studies (CSS) at ETH Zürich.
The threat of attacks against Critical National Infrastructure (CNI) – energy, utilities, telecommunications, and transportation – is now front of mind for many. From the ransomware attack that compromised a major U.S. gas pipeline in 2021 to the rise of nation-state attacks, critical infrastructure organizations are under siege.
Cybersecurity is on the brink of significant transformation as we approach 2025, grappling with escalating complexities driven by advancements in technology, increasing geopolitical tensions, and the rapid adoption of AI and IoT. CyberInsuranceCyberinsurance will become an essential component of risk management strategies.
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