It's not the kind of news a retail giant wants to make. In May 2017, Target agreed to a $18.5-million settlement to resolve a 47-state investigation into a massive 2013 hack. This settlement put Target's total cost of the...more
There is a lot of money—both fiat and virtual—in cryptocurrencies.
The growth of these blockchain-based online assets made headlines throughout 2017. The price of Bitcoin, likely the best-known cryptocurrency, rose from...more
Forget you ever read this -
The Office of the Privacy Commissioner of Canada (OPC) declared last Friday that existing privacy laws allow consumers to ask search engines to remove inaccurate search results and to request...more
Law firms are being vigorously attacked by hackers. This is unsurprising given that law firms are repositories of incredibly valuable and commercially sensitive information about their clients and maintain large sums of money...more
No organization is immune from cyberattacks. They have become an inevitable business risk for companies large and small. In today’s Globe and Mail, the Canada Research Chair in Cybersecurity, Benoît Dupont, says that “even...more
Any system is only as strong as its weakest link. If your employees aren’t up to date on their cybersecurity hygiene, then it doesn’t matter how much money you spend on technological defences—there’s a gap in your protection....more
11/3/2017
/ Authentication ,
Best Management Practices ,
Canada ,
Cybersecurity ,
Data Protection ,
Email ,
Employee Training ,
Mobile Devices ,
Passwords ,
Social Engineering ,
Wifi
Cybersecurity threats to registered firms continue to rise but efforts to protect against those threats and to plan for the inevitable attack are not keeping up....more
If you are a healthcare data custodian that is subject to a ransomware attack, you may be required to report the incident to regulators and to those individuals whose information was subject to the attack....more
Given the increasing threat of cyberattacks and the corresponding costs, businesses are increasingly considering cybersecurity insurance. But insurance is only as effective as the scope of the coverage. Though Canadian...more
Cybersecurity is a significant business risk for any organization that collects personal data. The greater the amount of personal data collected by an organization, the greater the risk that it will be targeted by...more
The most recent information from CSA on cybersecurity is set out in the summary of its roundtable discussion (released April 7, 2017) to explore response to cybersecurity incidents....more
While corporate executives are increasingly becoming aware of their obligation to be informed of cybersecurity threats and the steps being taken by their company to prevent data breaches, it is equally important for...more
Names, emails, credit card numbers, and home addresses: chances are good that your business collects client data with information that is valuable to hackers on the black market. A hacker will at some point try to access...more
In the United States, the Securities Exchange Commission (SEC) has taken an active role in regulating cybersecurity issues. Canadian issuers should be aware that the risk of regulatory enforcement may be coming to Canada....more
Your organization will in all likelihood suffer a cyberattack. According to a recent study by Accenture, the average Canadian organization faces about 96 cyberattacks per year, nearly one third of which result in a security...more
2/17/2017
/ Canada ,
Cyber Attacks ,
Cyber Crimes ,
Cybersecurity ,
Data Breach ,
Data Security ,
Directors ,
Hackers ,
Home Depot ,
Information Technology ,
Risk Management ,
Shareholders
In 2016, cybersecurity continued to grow as a primary business risk for companies worldwide. Data breaches continued to escalate both in number and magnitude and the landscape of legal and regulatory liability evolved and...more
2/10/2017
/ Ashley Madison ,
Bitcoin ,
Breach Notification Rule ,
Canada ,
Class Action ,
Cyber Insurance ,
Cybersecurity ,
Data Breach ,
Popular ,
Ransomware ,
Risk Assessment ,
Risk Management ,
Yahoo!
The United States Federal Trade Commission ("FTC") strikes again. In the action by the FTC involving the cybersecurity breach of Toronto-based AshleyMadison.com (operated by Ruby Corp. and hereafter referred to as "Ashley...more
In as little as 13 seconds, all of a company's data can be stolen by simply plugging in a USB drive.
Intelligence agencies famously used this approach when uploading the Stuxnet worm at an Iranian nuclear facility, but...more
Cybersecurity attacks through the use of ransomware are an increasing threat to Canadian businesses.
Ransomware is a malicious software that is secretly installed on a target’s computer and encrypts files, making them...more
In the world of cyber hacks and leaks, there are two general categories of players: the fraudsters who steal data in order to obtain a profit, and the “hacktivists” who expose data, purportedly for the greater good....more
5/20/2016
/ Admissible Evidence ,
Ashley Madison ,
Canada ,
Class Action ,
Corporate Counsel ,
Cybersecurity ,
Data Breach ,
Edward Snowden ,
Hackers ,
Panama Papers ,
Popular ,
Rules of Civil Procedure ,
WikiLeaks ,
Young Lawyers
The threat of commercial crime against companies is transforming. Technology has created new and innovative ways for fraudsters to exploit individuals and companies through cyber attacks. This new face of fraud can give rise...more
2/5/2016
/ Anthem Insurance ,
Ashley Madison ,
Blue Cross ,
Canada ,
Competition Authorities ,
Cyber Attacks ,
Data Breach ,
Federal Trade Commission (FTC) ,
Home Depot ,
Neiman Marcus ,
Personal Liability ,
PIPEDA ,
Risk Management ,
Sony ,
Target