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Cybersecurity

Protect From Ransomware

Ransomware and Business Email Compromise drove 98% of SME cyber insurance claims from 2017 to 2021, and ransomware-related claims rose 77% in Q1 2023.

Paul Thresher Paul Thresher · · · 2 min read

Did you know that from 2017 to 2021, a staggering 98% of cyber insurance claims in SMEs were due to ransomware and Business Email Compromise (BEC)? And the first quarter of 2023 saw a 77% increase in ransomware-related claims in the U.S. (Source: Cybercrime Magazine).

In an era where cyber threats are escalating, it’s crucial to fortify your business against ransomware..

How We Can Help: Free Ransomware Readiness Test

We’re offering a no-cost opportunity to evaluate your network’s ransomware defenses. Our team will safely simulate a ransomware attack and assess employee awareness, providing you with valuable insights free of charge. Simply fill out this form and we’ll be in touch to get started.

Protective Measures You Can Take:

Managed Detection and Response (MDR)


MDR is a cybersecurity must-have, offering robust threat hunting capabilities. It’s a cost-effective solution to identify and mitigate threats promptly, crucial during the current staffing shortages. Without MDR, detection of breaches can take an average of 110 days, leaving your network vulnerable for months (Source: Canadian Chamber of Commerce). With MDR, detection time can be reduced to days, if not hours.

Learn more about our MDR offering

Cybersecurity Awareness Training for Employees: 


Human error accounts for 74% of cyber attacks. Training your team is as essential as securing your network. It’s not just about building a digital fortress; it’s also about ensuring your team can spot and prevent potential threats.

Email Spam Filtering with FortiMail: 

FortiMail provides robust protection against email threats like phishing, ransomware, and BEC attacks. Powered by FortiGuard’s AI-driven security, it offers real-time detection and response, keeping your inbox and network safe.

In a world where cyber threats are a constant, proactive defense is key. Dont wait for a breach to happen. 

Take action now to secure your business.

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Written by Paul Thresher

Director, Cyber Security

Paul Thresher is the Director of Cyber Security at BALANCED+, where he leads the security practice and oversees the design, implementation, and management of the enterprise security architectures clients across Canada rely on. He sets the standard for how BALANCED+ protects client environments, from firewalls and network security appliances to resilient, high-availability infrastructure. His expertise […]

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