US EditionCanadian firms hit with 25 cyberattacks on average over past year: EY survey
- A survey by EY reveals that Canadian companies have experienced a high number of cybersecurity incidents, exceeding the global average.
- The cost of cybersecurity breaches has increased globally, with the median cost reaching $2.5 million.
- Canadian businesses collectively spend $50 million annually on cybersecurity, indicating the growing importance of protecting against cyber threats.
- Yogen Appalraju from EY Canada states that the country is seeing more costly breaches, aligning with the trend observed in the US.
- Despite increased spending, companies struggle with detecting breaches, with over half taking six months or longer to identify a breach.
- Many businesses find it challenging to balance security and innovation, perceiving cloud and IoT technologies as potential risks in the next five years.
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Canadian firms hit with 25 cyberattacks on average over past year: EY survey
A survey by EY shows 81 per cent Canadian companies experienced at least 25 cybersecurity incidents over the past year, compared to 73 per cent of respondents globally. The EY 2023 Global Cybersecurity Leadership Insights study also shows the global median cost of a breach jumped 12 per cent to US$2...
·Kelowna, Canada
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Canadian firms hit with 25 cyberattacks on average over past year: EY survey
TORONTO — A survey by EY shows 81 per cent Canadian companies experienced at least 25 cybersecurity incidents over the past year, compared to 73 per cent of respondents globally.
·Bradford West Gwillimbury, Canada
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