It’s no secret how important cybersecurity is for preventing serious cyber attacks capable of compromising sensitive information belonging to companies and individuals.
Between 2023 and 2030, the global cybersecurity market is projected to grow at a compound annual growth rate of 13.8 percent to reach a value of US$424.97 billion, according to Fortune Business Insights. The research firm attributes this expected growth to “the increasing adoption of enterprise security solutions” in key industries including manufacturing, banking, financial services, insurance and healthcare.
Because of this outlook, the Canadian government is increasing its investment in cybersecurity. For example, it has launched the Cyber Security Innovation Network program, which includes C$80 million in investment over four years. “A strong cybersecurity sector will cement Canadians’ trust in the digital economy,” a press release states.
This supportive…
