Organized cybercrime is set to pose a threat to Canada's national security and economic prosperity over the next two years, the national signal intelligence agency said on Monday.

Ransomware attacks on critical infrastructure such as hospitals and pipelines can be particularly profitable, the report said. Cyber criminals continue to show resilience and an ability to innovate their business model, it said.

“Organized cybercrime will very likely pose a threat to Canada’s national security and economic prosperity over the next two years,” said CSE, which is the Canadian equivalent of the U.S. National Security Agency.