It's not a punch line but a seriously haunting prospect for those in the upper echelons of Canadian governments and corporations. The data breach was announced in September, almost five months after hackers first broke in. They downloaded sensitive information undetected for almost two months before Equifax discovered the breach. But that could change if a mandatory data breach reporting requirement amendment to the Personal Information Protection and Electronic Documents Act is passed. The average per company cost of a data breach has risen as high as $6 million, according to the Canadian Chamber of Commerce.

Source: CBC News November 16, 2017 15:00 UTC