Cybersecurity News

Canadian firms still have work to do on cybersecurity: EY

A new report from EY says Canadian firms are increasing their cybersecurity spending, but the majority still allocate less than 10 per cent of their IT budgets to fending off hackers. For more on this, BNN Bloomberg spoke with Yogen Appalraju, Canadian cybersecurity leader at EY.

Hackers demand bitcoin ransom in cyberattack on big Canadian restaurants

Recipe Unlimited says there’s no ransom threat because its systems are secure On October 3rd, 2018, CBC News reported a Canadian company that owns many popular restaurant chains has been told to pay ransom in bitcoin to retrieve data that hackers claim to have stolen. On Monday, Recipe Unlimited — formerly Cara Operations — said it was hit with…

Cybersecurity Compliance Burdens Increase For Canadian Investment Dealers And Advisers

Canadian securities regulators have issued a notice on cybersecurity and social media which brings into sharp relief the rapid pace of the threats investment dealers and advisers now face as a result of the increased targeting of the financial industry by cyber criminals.

Mandatory Breach Reporting in Canada

Cyber security rules and expectations are changing The rising risks associated with cyber breach in Canada Canadian organizations admit they may not be fully prepared to meet the heightened expectations associated with the rising risks of cyber breach in Canada. In this environment, Board Directors and C-Suite should be keenly focused on not just ensuring their organization can weather…

How Much Cybersecurity is Enough?

You’ve met the applicable standard of care, but is that enough? When does an organization have enough Cyber security? The answer depends on the organization, the industry and the threats to which the organization is exposed. The frank answer to the question “When do we have enough?” is, “Never.” Cybersecurity is a process, not a…

Preparing for CASL’s Private Right of Action

Organizations should take steps now to verify their CASL compliance Mitigate the risks of CASL regulatory enforcement and private litigation. Commencing July 1, 2017, CASL contraventions will be subject to enforcement through private litigation, including class proceedings, by individuals and organizations seeking compensatory damages and potentially substantial statutory damages. CASL – Overview   CASL creates…