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