Wire · operational-macro
IBM Report: Canada's Data Breach Costs Hit Record High as Attacks Target Critical Infrastructure
◆ Sectors
◆ Geography
◆ Source
◆ Verified
Fusion42 · 29 July 2026 · Fusion42 review
The average cost of a data breach in Canada has hit a record CAD $7.01 million, a 6% year-over-year increase, according to a new IBM report. Attacks are increasingly aimed at critical infrastructure, and companies utilizing AI and automation for security experienced significantly lower costs ($2.31M less) and faster resolution 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
The cost of a data breach in Canada is now a line item your enterprise customers can budget against. If you sell AI-enabled security, you can now pitch a CAD $2.31m saving against a record CAD $7.01m risk.
◆ Coverage
4 sources · first reported 29 Jul 2026 · latest 30 Jul 2026
◆ Related on Wire
◆ Topics