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flag 2024 Canadian data breach costs average $6.32M, down from 2023 ($6.94M) and 2022 ($7.05M): IBM study.

flag Canadian organizations face an average cost of $6.32M to resolve data breaches, a figure down from 2023 ($6.94M) and 2022 ($7.05M), according to a new IBM study. flag These breaches are becoming more frequent, with 27,000 occurring in Canada annually, equating to around 75 per day. flag IBM Canada's security services leader, Daina Proctor, highlights the staggering impact of these incidents.

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