Data breaches costed companies $4.24 million per incident on average–the highest cost in the 17-year history of the report. It turns out that security incidents became more costly (10 percent more than last year) and more difficult to contain due to drastic operational shifts during the pandemic.
In June, the Ontario government released a White Paper entitled Modernizing Privacy in Ontario Empowering Ontarians and Enabling the Digital Economy, which sets out a proposal for privacy legislation that would apply to the private sector.
On June 17, 2021, Ontario's Ministry of Government and Consumer Services announced a public consultation in order to address the gaps in Ontario's legislative privacy framework. The goal is to establish comprehensive and up-to-date rules, increase confidence in digital services, and support innovation. Stakeholders are invited to provide feedback until August 3, 2021.