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The Cyber Security Readiness of Canadian Organizations


Management (718B) October 19, 2016 11:30 am - 12:00 pm Feedback   

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Ryan Wilson

We surveyed 654 IT and IT security practitioners in Canada to answer the following questions:

  • Do organizations feel more or less prepared to deal with attacks than last year?
  • How have cyber attacks targeting Canadian organizations changed in the past year?
  • What is the average cost of cyber attacks for Canadian organizations?
  • What cyber security strategies, tactics, and technologies are most effective?

Businesses are reporting an average of 40 cyber attacks per year and over half of the respondents had experienced an incident involving the loss or exposure of sensitive information within the last twelve months. On average, organizations spent approximately $7 million each on the following: clean up or remediation, lost user productivity, disruption to normal operations, damage or theft of IT assets and infrastructure, and damage to reputation and marketplace image. With organizations reporting an average of 40 attacks per year, this makes the average cost per attack approximately $175,000.

Ryan Wilson, Scalar’s CTO – Security will help you answer the question: What can organizations do to improve their security posture?