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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Jul 25, 2018 Lions and Tigers and Cyber Insurance

  Oftentimes, sales strategies in insurance can be based on fear tactics. It is unintentional, but insurance is by its very nature, there to protect you when really bad things happen! Cyber-attacks, cyber hacking, social engineering fraud and many other tactics are happening personally and to businesses every day. It is not fear mongering; it is fact. You can search many of these details online. (Although due to earlier legislation in the U.S., most of the data you find will be based on that countries metrics. Legislation has been developed later in Canada so many attacks have gone unreported. Don’t make the mistake of thinking that the risk stops at their border.) However, a much more proactive use of your time would be to understand…

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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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