Wire · operational-macro
Canadian data breaches hit a record $7.11 million as supply-chain attacks drive costs up
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Fusion42 · 30 July 2026 · Fusion42 review
The average cost of a data breach for Canadian organizations has reached a record C$7.11 million, driven primarily by supply-chain attacks. However, an IBM report finds that extensive use of AI and security automation reduces these costs by an average of C$3.41 million and shortens incident response times.
This Wire brief sits within Fusion42's coverage of Cybersecurity, and 4 sources have reported it between 29 Jul 2026 and 30 Jul 2026.
◆ ◆ The Wire takeaway
Your security budget has a new line item, and it pays for itself. The delta between firms using AI for security and those who do not is now C$3.41m per breach - a gap your insurance underwriter will be looking at closely.
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4 sources · first reported 29 Jul 2026 · latest 30 Jul 2026
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