CALGARY — The systems breach at Suncor Energy Inc. will likely cost the company millions of dollars before it is able to resolve the issue, according to a cybersecurity expert.
"One of the challenges here is it's a very big organization, and being a very large organization it doesn't lend itself to this being a quick scenario," Ferguson said. Companies can also face costs in the form of lawyers' fees, as well as the hiring of "data breach coaches" and specialized IT specialists, Ferguson added.
Earlier this month, the company said it would cut 1,500 jobs by the end of the year in an effort to reduce costs.
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