Digital technologies are increasingly important for innovation and growth, and solid cybersecurity is critical to ensuring competitiveness, economic stability, and long-term prosperity.
The cybersecurity domain is constantly evolving as threats faced by businesses and governments worldwide continue to become more sophisticated. The need for cybersecurity has expanded to include not only the networks and systems that traditionally come to mind, but also cloud-based environments, Internet-of-Things (IoT) devices, and emerging technologies like artificial intelligence, machine learning and quantum computing. Even specialized technologies such as medical devices, industrial control systems and satellites, to name a few, remain susceptible to breach and compromise.
Ontario’s cybersecurity ecosystem, made up of enterprise, academia and government, and forms one of the most robust cybersecurity sectors in the entire world—ready to meet the challenges of these ever-changing threats.
In Ontario we’re very fortunate to have the human capital to take on these aspirational goals of building the next generation of world leading security solutions.
Scott TotzkeCo-Founder, ISARA
It is expected that by 2024, the global cybersecurity market size will reach US$300 billion.
And global spending on cybersecurity products and services for defending cyber crime is predicted to exceed US$1.75 trillion from 2021-2025. Ontario has assumed a dominant leadership role in cybersecurity, having developed cybersecurity hubs in Toronto, Waterloo, and Ottawa, with clusters emerging in the southwest, east and north.
Ontario cybersecurity clusters are present in the Greater Toronto Area (GTA), Kitchener-Waterloo and the Ottawa region.