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The cost of security breaches in Canada

 

The cost of security breaches

There’s a new report from TELUS in partnership with the Rotman School of Management that helps quantify the cost of IT security breaches to Canadian companies.

The report, based on a survey of more than 600 IT security professionals in Canada found that:  

  • IT security breaches cost the average organization an estimated $834,000 in 2009 – a 97 per cent increase from the $423,000 reported last year.
  • There were an average of 11.3 reported IT security breaches per company in 2009, an increase of 276 per cent compared with 2008.
  • Many of these breaches were “inside jobs” perpetrated by a company’s own employees

For the Rotman School report, click here. For the story on CBC.ca, click here.

What has your company’s experience been?

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Colin Braithwaite

Freelance writer at Colin Braithwaite Editorial Services
Colin Braithwaite has more than 20 years experience in writing and publishing. From 2004–2010, Colin was the Managing Editor responsible for the products in the Internal Control Library at First Reference Inc.Read more
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