The Globe and Mail reports on a new study (pdf) from TELUS Security Solutions and the Rotman School of Management at the University of Toronto. The groups surveyed more than 600 Information Technology security professionals.
According to the study, IT security breaches — everything from viruses to intellectual property theft to abuse by employees – cost the average Canadian organization $834,149 in 2009, almost double the amount reported in last year’s study. The average number of reported IT security breaches also soared to 11.3 per organization in 2009, compared to three per organization in 2008.
The groups pointed to lower security budgets and increased layoffs in a financial downturn. In February, a study from the Ponemon Institute and Symantec found “59 percent of ex-employees admit to stealing confidential company information, such as customer contact lists.” The study noted, “24 percent of respondents had access to their employer’s computer system or network after their departure from the company.”
The Globe and Mail also reported, “Last year, about 17 per cent of Canadian organizations reported so-called ‘insider breaches.’ This year, that number has more than doubled to 36 per cent.”