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

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. These breaches are becoming more frequent, with 27,000 occurring in Canada annually, equating to around 75 per day. IBM Canada's security services leader, Daina Proctor, highlights the staggering impact of these incidents.

July 30, 2024
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