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Canadian firms say cybersecurity budgets falling short as attacks grow: survey
The share of organizations saying their cybersecurity budgets are enough fell to 67% from 74% last year, CIRA found.
- The 2026 CIRA Cybersecurity Survey, released Tuesday, reveals declining confidence among Canadian organizations, with only 67 per cent believing their investments keep pace with threats, down from 74 per cent in 2025.
- While 76 per cent of organizations increased cybersecurity budgets over the past year, four in 10 experienced a cyber attack between June and July, reflecting escalating threats amid economic uncertainty.
- More than eight in 10 decision-makers fear AI-enabled threats, while 82 per cent now carry cybersecurity insurance and two-thirds manage security internally to maintain greater control and ownership.
- Digital sovereignty has moved from preference to requirement, as 91 per cent of organizations insist cyber records are processed in Canada and 89 per cent prioritize Canadian-owned vendors.
- Jon Ferguson, CIRA vice-president of cyber and domain name system, noted security teams face "more threats, greater complexity and higher expectations," while 87 per cent of organizations maintain incident response plans.
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12 Articles
12 Articles
CIRA survey reveals Canadian organizations are spending more on cybersecurity, but fewer believe it's enough
OTTAWA, Ontario, Oct. 06, 2026 (GLOBE NEWSWIRE) -- While 76 per cent of Canadian organizations increased their cybersecurity budgets over the past year, only 67 per cent believe their investment is sufficient to keep pace with the threats, according to the 2026 CIRA Cybersecurity Survey.
·Toronto, Canada
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The Toronto Star+7 Reposted by 7 other sources
Canadian firms say cybersecurity budgets falling short as attacks grow: survey
A new survey suggests some Canadian companies are losing confidence in their cybersecurity budgets' ability to handle the increasingly frequent and complex threats they face.
·Toronto, Canada
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St Catharines Standard+2 Reposted by 2 other sources
CIRA survey reveals Canadian organizations are spending more on cybersecurity, but fewer believe it’s enough
More than eight in 10 IT experts are concerned about AI-enabled threats and 91 per cent say Canadian data residency matters
·Welland, Canada
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Total News Sources12
Leaning Left9Leaning Right1Center1Last UpdatedBias Distribution82% Left
Bias Distribution
- 82% of the sources lean Left
82% Left
L 82%
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