The average cost of a successful cybersecurity attack on a Canadian firm has reached $7.11 million, IBM reported Wednesday. That’s up from $6.98 million last year. Energy organizations have it worst, with the average cost of a breach in that sector hitting $9.21 million. The findings are based on a voluntary survey of organizations that suffered breaches between March 2025 and February 2026. (The Logic)

Talking point: Breaches are getting bigger and taking longer to fix and they’re increasingly likely to target critical infrastructure, IBM said. When a target is hacked in a supply-chain attack—via one of its vendors, typically, rather than directly through its own systems—that’s a big driver of increased costs, according to the findings. IBM, which urges the use of AI-based cybersecurity tools, said its survey shows firms that use artificial intelligence extensively found and contained breaches faster, and thereby reduced the damage. AI was also used in 28 per cent of attacks, it said.