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A new study by Telus and the University of Toronto’s Rotman School of Management has found that an IT security breach to a Canadian company will cost, on average, $38,000 is costs.



Telus LogoThe average Canadian public company suffered 18 IT security breaches in 2011 and governments suffered 17. The surprise was that 42% of government IT security breaches were insider breaches – where an individual inside the government deliberately accesses confidential information.

A full copy of the study is available. here