Reducing unnecessary legal spend:

While our litigators make a living litigating, they all advise their clients to be proactive in order to avoid disputes, because the cost of going to court is so high.

Cybersecurity and data protection is no different. In fact, according to a 2023 IBM Data Breach Report, the average recovery cost of a data breach is in Canada is approximately $6,900,000.

So how can businesses, crown corporations, municipalities and other organizations reduce unnecessary legal spend?

By proactively developing plans and policies related to cyber security, data protection and privacy law. The costs (legal, IT, and others) associated with developing these plans and polices should be viewed as an investment and not an expense. The reason being, the potential return on investment from avoiding significant government fines, class action lawsuits and crippling brand damage, easily covers the costs of preventing a breach in the first place.

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