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.

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$2.5 million this year.

In Canada, 44 per cent of businesses reported they collectively spent US$50 million annually on cybersecurity.