From The Globe and Mail:

According to the study, IT security breaches – everything from viruses to intellectual property theft to abuse by employees – cost the average Canadian organization $834,149 in 2009, almost double the amount reported in last year's study. The average number of reported IT security breaches also soared to 11.3 per organization in 2009, compared to three per organization in 2008.

Part of the increase was attributed to smaller IT budgets and the economic downturn.  The increase in reported incidents may also mean that companies are doing a better job of detecting breaches.  Insider threats were the fastest growing catagories.

Written by Kanguru Solutions — October 31, 2012

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