The Globe and Mail reports in its Wednesday, July 31, edition that according to a new study from IBM, Canadian organizations facing data breaches end up paying an average of $6.32-million to resolve the incidents. A Canadian Press dispatch to The Globe reports that this amount is lower than in 2023, when the average was $6.94-million, and in 2022, when it was $7.05-million. The study highlighted that there are about 27,000 breaches per year in Canada, an all-time high, which averages out to almost 75 breaches a day. Daina Proctor, IBM Canada's security services leader, expressed concern, stating, "When I start looking at 75 breaches a day at an average $6.3-million per breach, that's when I start saying this is staggering." IBM's report comes as Canadians are routinely told of cyberattacks and other breaches that put their data at risk of falling into unauthorized hands. In the past year alone, Ticketmaster, AT&T, Giant Tiger, London Drugs and more have been victims of such attacks. IBM wanted to measure not only the frequency of attacks, but also their associated expenses. These costs might involve payments for detection and legal services, crisis management, regulatory fines, consumer settlements and lost business.