CyberSuite Plus: Desjardins introduces innovative insurance to help SMEs deal with digital risks

LÉVIS, QC, Oct. 7, 2025 /CNW/ - Desjardins Insurance is launching CyberSuite Plus, an enhanced insurance solution to meet businesses' growing need for cybersecurity and fraud protection.

According to Statistics Canada, nearly one in six Canadian businesses (16%) was hit by a cybersecurity incident in 2023. And for large companies, it was a full 30%.¹ These statistics highlight how important it is for organizations to equip themselves with responsive and accessible cybersecurity solutions--especially as the use of new technologies grows and businesses get more interconnected.

CyberSuite Plus offers comprehensive insurance coverage designed specifically to fight fraud to help small and medium-sized businesses (SMEs) navigate a rapidly changing cyber threat environment.

"At Desjardins, we're committed to helping businesses grow and be resilient. Not all SMEs have specialized cybersecurity teams or advanced protection tools, so CyberSuite Plus meets a real need. Our solution is designed for today's environment. It's straightforward and accessible, so that businesses can focus on what they do best," said Valérie Lavoie, President and Chief Operating Officer of Desjardins Insurance.

Cyber risk insurance: Building resilience

This new business insurance offer includes multiple essential coverages to help businesses and protect them from cyber risk. It also provides coverage in the event of data breaches, privacy breaches, cyber extortion, identity restoration or IT fraud, for example. In addition to these coverages, businesses can improve their security practices with prevention and education resources.

Insurance can't prevent a cyber attack, but it can be an invaluable support in helping businesses recover when they find themselves targeted. Insurance can reduce the cost and complexity of responding to an incident and getting back to business. Cybersecurity is one of the top concerns for businesses undertaking a digital transformation, so this offer is a natural extension of the comprehensive approach that Desjardins Group takes to support businesses throughout their journey.

About Desjardins Group

Desjardins Group is the largest cooperative financial group in North America and the sixth largest in the world, with assets of $501.3 billion as at June 30, 2025. It has been named one of the top employers in Canada by both Forbes magazine and Mediacorp. It has also been recognized as one of the World's Best Banks in 2025 by Forbes. The organization has more than 57,200 skilled employees. To meet the diverse needs of its members and clients, Desjardins offers a full range of products and services to individuals and businesses through its extensive distribution network, its online platforms, and its subsidiaries across Canada. Ranked among the world's strongest banks according to The Banker magazine, Desjardins has one of the highest capital ratios and one of the highest credit ratings in the industry. In 2025, Desjardins Group is celebrating its 125th anniversary, marking more than a century of focusing its ambitions and expertise on being there for members and clients.

_____________________________

¹ Impact of cybercrime on Canadian businesses, 2023, Statistics Canada

SOURCE Desjardins Group

For more information (media inquiries only): Public Relations, Desjardins Group, 514-281-7000, ext. 5553436, [email protected]