Cyberattacks targeting healthcare facilities—even mid-surgery—are no longer rare. In Canada, healthcare has become the most-breached sector, with ransomware incidents spiking 250% in 2020 and continuing to rise. With robotics in the operating room, telemedicine on the rise, and connected medical devices becoming standard, these attacks can delay surgeries, shut down critical systems, compromise patient data, and, in extreme cases, cause irreversible harm to patients and facilities. The average cost of a breach in Canadian healthcare is estimated at CAD 10–13 million, excluding reputational damage.
Canada’s healthcare sector is booming, with Ontario alone attracting nearly CAD 850 million in venture funding in 2021. Growth in areas like MedTech, FemTech, biotechnology, and AI-enabled devices brings innovation—but also complex liability exposures, from product defects to cyber intrusions.
These risks demand comprehensive insurance protection. Revau develops tailored insurance solutions to address these challenges, providing civil liability and specialized coverage that keeps pace with the rapid evolution of life sciences and healthcare. Our solutions protect organizations financially while safeguarding their reputation in one of Canada’s fastest-growing and highest-stakes sectors.