Aug 30, 2018 Protecting Your Business Under New Data Breach Rules

Starting November 1, 2018, new rules coming into effect mean that any Canadian company which suffers a breach of personal information will be required to notify the Privacy Commissioner along with anyone potentially personally affected by the breach. The new legislation requires companies “as soon as feasible” after a breach, to reach out to everyone impacted and inform them: • When it happened • What was breached • How the breach occurred • What the company is doing to minimize the impact to the breach victims My Business Was Breached ─ What do I do? In an age where we routinely read stories about cyber breaches and the unauthorized release of our personal information (Yahoo, Uber, Facebook, etc.), many will…

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May 1, 2018 Cyber Liability and Privacy Breach ─ What is My Exposure?

There are many moving parts when reviewing Cyber Liability Insurance and Privacy Breach. There are two main components of risk that your business may be exposed to; first party exposure and third party exposure. First Party exposure means the exposure to your company or organization. Third party exposure means exposure to third parties that you do business with. Questions to ask yourself to establish what your first party exposure is: What non-public, personal information do we have in our system or in paper form? How mission critical is our computer system, the internet, our phone system to our business? How long could we operate if we could not access the internet? Is our computer security up to date? Have all employees downloaded all of…

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May 1, 2018 How Cyber Insurance Can Protect your Company from Breaches

Everything you wanted to know about Cyber Liability and Privacy Breaches but didn’t ask because you were locked out of your computer. Almost every day you read on line that cyber-attacks are happening. You may have noticed that you  don’t hear about them happening in Canada!  That is likely because there is no mandatory requirement to notify the Privacy Commissioner if your company or business has suffered or been affected by a breach. What kinds of cyber breaches are happening? Well, everything from denial-of-service attacks, to hackers stealing personal information, to malware attacking your computer system, to financial theft through social engineering methods! Fires, natural disasters and flooding can definitely impact your businesses operations. However these risks are somewhat “easy” to plan for. A…

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