IBM Report: Canada's Data Breach Costs Hit Record High as Attacks Target Critical Infrastructure

The average cost of a data breach in Canada has hit a record high of CA$7.11 million, according to a 2026 IBM report. Breaches are also getting larger and taking longer to contain, but the study found that extensive use of AI and security automation significantly reduces costs and response times.

This Wire brief sits within Fusion42's coverage of Cybersecurity. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur reasons over.