5 Cybersecurity Risks Facing Canadian SMBs in 2025

Five critical cybersecurity risks Canadian SMBs should watch for in 2025

6/29/20252 min read

1. Ransomware-as-a-Service (RaaS) Becomes More Accessible

2. Phishing and Business Email Compromise (BEC) Attacks

4. Compliance Gaps and Third-Party Risks

3. Shadow IT and Cloud Misconfigurations

5. IoT and Physical Security Integration Risks

🔐 Ransomware-as-a-Service (RaaS) Becomes More Accessible

Why It Matters to SMBs:

Ransomware attacks have exploded in recent years — and 2025 is poised to be even worse. Cybercriminals no longer need technical skills to launch attacks; they can now rent ransomware kits on the dark web.

  • SMBs are often perceived as “low-hanging fruit”

  • Downtime from ransomware can cripple operations

  • Cyber insurance providers are tightening coverage for unprepared businesses

1. Ransomware-as-a-Service (RaaS) Becomes More Accessible

Ransomware attacks have exploded in recent years — and 2025 is poised to be even worse. Cybercriminals no longer need technical skills to launch attacks; they can now rent ransomware kits on the dark web.

graphs of performance analytics on a laptop screengraphs of performance analytics on a laptop screen
  • SMBs are often perceived as “low-hanging fruit”

  • Downtime from ransomware can cripple operations

  • Cyber insurance providers are tightening coverage for unprepared businesses

  • SMBs are often perceived as “low-hanging fruit”

  • Downtime from ransomware can cripple operations

  • Cyber insurance providers are tightening coverage for unprepared businesses

Why It Matters to SMBs:

🔐 Ransomware-as-a-Service (RaaS) Becomes More Accessible

Why It Matters to SMBs:

Ransomware attacks have exploded in recent years — and 2025 is poised to be even worse. Cybercriminals no longer need technical skills to launch attacks; they can now rent ransomware kits on the dark web.

  • SMBs are often perceived as “low-hanging fruit”

  • Downtime from ransomware can cripple operations

  • Cyber insurance providers are tightening coverage for unprepared businesses

1. Ransomware-as-a-Service (RaaS) Becomes More Accessible

2. Phishing and Business Email Compromise (BEC) Attacks

4. Compliance Gaps and Third-Party Risks

3. Shadow IT and Cloud Misconfigurations

5. IoT and Physical Security Integration Risks

1. Ransomware-as-a-Service (RaaS) Becomes More Accessible

Why It Matters to SMBs:

graphs of performance analytics on a laptop screengraphs of performance analytics on a laptop screen

Ransomware attacks have exploded in recent years — and 2025 is poised to be even worse. Cybercriminals no longer need technical skills to launch attacks; they can now rent ransomware kits on the dark web.

  • SMBs are often perceived as “low-hanging fruit”

  • Downtime from ransomware can cripple operations

  • Cyber insurance providers are tightening coverage for unprepared businesses

  • SMBs are often perceived as “low-hanging fruit”

  • Downtime from ransomware can cripple operations

  • Cyber insurance providers are tightening coverage for unprepared businesses

How to Mitigate:

How to Mitigate:

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  • Cloud and VPN MFA enforcement

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